Logo of Huzzle

VP, AML, Wealth and Insurance Advisory

image

TD Bank

2d ago

  • Job
    Full-time
    Mid Level
  • Banking & Finance
  • Toronto
  • Quick Apply

AI generated summary

  • You must have a strong understanding of Wealth and AML regulations, strategic development experience, exceptional communication and leadership skills, expertise in relationship building and client management, and a proven track record in leading large-scale initiatives.
  • You will lead a comprehensive AML compliance program, provide trusted advice to the Wealth and Insurance businesses, ensure risk appetite is institutionalized, align GAML program with Business, support AML program office activities, and contribute to GAML strategy and planning.

Requirements

  • Specific Educational Requirements:
  • Undergraduate degree required; Post Graduate degree preferred
  • Other Qualifications/Skills/Experience:
  • Strong knowledge of the Wealth and AML regulatory environment in Canada.
  • Strong knowledge of the Wealth business
  • Previous experience developing and executing on strategies and delivering superior results in both the short and long term
  • Proven ability in leveraging deep subject matter expertise to align teams to a central vision, while also listening and engaging others to provide input in the shaping of that vision
  • Proven ability to manage and motivate a diverse group of professionals
  • Strong collaborator who engages colleagues, business partners, external stakeholders, and employees
  • Skillful communication (written and verbal), negotiation and partnership skills to balance stakeholder input but remain objective to reach the right outcome - ability to stay resilient under pressure
  • Demonstrated relationship building skills, with the ability to make things happen through the use of positive influence
  • Strong people leader who possesses the ability to effectively work in teams across the bank with multiple stakeholders and to influence and align others
  • Robust organizational skills with the ability to work in a fast-paced environment and manage multiple deadlines and priorities
  • Excellent analytical skills in assessing risk, issues and challenging the status quo
  • Demonstrated experience successfully leading large-scale initiatives
  • Proven successful client relationship management skills
  • Direct experience with policy writing and/or maintenance required

Responsibilities

  • Wealth and Insurance Advisory:
  • Manages, updates and enhances as necessary a comprehensive AML compliance monitoring program covering material AML-related obligations of the Wealth and Insurance businesses (collectively, the Business)
  • Provides trusted, objective advice and guidance to the Business on AML risks and issues;
  • Ensures that the risk appetite is institutionalized within the Business via effective training and participation on Business governance / risk committees. Ensure that AML is “front of mind" as a Business risk
  • Ensures that the GAML program is effective and aligned and properly calibrated with Business structure, process and procedures to optimize efficiency across the program both from a GAML and Business standpoint. Includes active participation in design of structure, process and procedures of Business
  • Supports AML Program Office and GAML Governance activities including annual strategic planning, program health reporting, annual risk assessment process, and employee training
  • Generally and as a member of the GAML Senior Executive Team (GSET):
  • Contributes to the strategy and long term planning activities for GAML
  • Provides people leadership by hiring the best talent, setting goals, developing staff, managing employee performance and compensation decisions
  • Develops strong relationships throughout multiple businesses and regions to foster a consistent and collaborative approach to proactive compliance
  • Fosters a continuous improvement mindset and proposes enhancements to the program informed by industry trends and best practices
  • Mobilizes teams against significant delivery requirements
  • Anticipates emerging issues and translates business and organizational challenges into sustainable deployment strategies;

FAQs

What are the key responsibilities of the VP, AML, Wealth and Insurance Advisory role?

The key responsibilities of this role include managing, updating, and enhancing a comprehensive AML compliance monitoring program for Wealth and Insurance businesses, providing advice and guidance on AML risks, ensuring alignment of the AML program with business structure, participating in strategic planning and employee training, developing strong relationships with various stakeholders, and leading large-scale initiatives.

What are the educational requirements for the VP, AML, Wealth and Insurance Advisory role?

An undergraduate degree is required for this role, with a post-graduate degree being preferred.

What skills and experience are necessary for the VP, AML, Wealth and Insurance Advisory role?

Strong knowledge of the Wealth and AML regulatory environment in Canada, experience in developing and executing strategies, proven ability to align teams to a central vision, strong leadership and collaborative skills, excellent communication and negotiation skills, relationship-building skills, organizational skills, analytical skills, and experience in policy writing and maintenance are all necessary for this role.

Finance
Industry
10,001+
Employees

Mission & Purpose

Headquartered in Toronto, Canada, the Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (TD). TD had CDN$1.9 trillion in assets on July 31, 2023. TD also ranks among the world’s leading online financial services firms, with more than 16 million active online and mobile customers. TD offers a full range of financial products and services to over 27.5 million customers worldwide through four key business lines: - Canadian Personal and Commercial Banking including TD Canada Trust, Business Banking, and MBNA - U.S. Retail including TD Bank, America’s Most Convenient Bank, TD Auto Finance (U.S.), TD Wealth (U.S.) and TD’s investment in Schwab - Wealth Management & Insurance including TD Wealth (Canada), TD Direct Investing, and TD Insurance - Wholesale Banking including TD Securities and TD Cowen