Financial and investment analysts
Title posted on CareerBeacon -
Senior AML Financial Crime Risk Oversight Specialist
Posted on
July 02, 2024
by
Employer details
TD Bank
Job details
Work Location:Toronto, Ontario, CanadaHours:37.5Line of Business:Financial Crime Risk ManagementPay Details:We're committed to providing fair and equitable compensation to all our colleagues. As a candidate, we encourage you to have an open dialogue with a member of our HR Team and ask compensation related questions, including pay details for this role.Job Description:Department Overview:The TD Global Financial Crime Risk Management (FCRM) department is accountable for establishing TD's Global Anti-Money Laundering, Anti-Terrorist Financing, Economic Sanctions and Anti-Bribery/Anti-Corruption (collectively, AML) program to ensure that all TD businesses adhere with FCRM regulatory expectations in all jurisdictions where TD operates. This includes setting consistent standards across business segments that may be further tailored to specific business or jurisdictional requirements; conducting periodic enterprise-wide AML risk assessments; maintaining the Global AML Policy (including Know Your Customer and Enhanced Due Diligence, record keeping & retention requirements); currency transaction and suspicious transaction monitoring and reporting; screening TD customers against regulatory watch lists; a hierarchy of designated FCRM officer functions; enterprise-wide and specialized FCRM training of employees; and independent FCRM testing.Financial Crime Risk Management (FCRM) Governance and Road to Strong (RTS) team designs, develops, and implements an effective governance framework for the FCRM Program through the Enterprise RTS Program. The Enterprise RTS Program aims to strengthen the governance and control environment for financial crime risk in Canada and TDS and to promote a strong culture of risk awareness across the Bank.The RTS Governance Team:Accountable for Governance chapter deliverables under the Enterprise RTS Program.Leads the implementation of the newly developed FCRM Target Operating Model in Canada and TDS.Establishes the governance framework for FCRMDevelops the requirements for the oversight of AML / Sanctions/ Anti-Bribery and Anti-Corruption by first line. Governance & Control functions contained within the Bank's 1B Mandate.Develop 2A standard for the FCRM Program to manage, monitor and report on financial crime risk.Establish consistent processes for timely escalation of suspicious activity and significant investigations reporting to Senior Management and the Board.Implement a Quality Assurance (QA) and Quality Control (QC) standard and process to assess the effectiveness of the controls to mitigate financial crimes risk for the 1stLine.Augment 2nd Line testing program to assess the effectiveness of the controls for financial crime risk identifying areas that require attention and informing remediation efforts.------------------------------------------------------------------------------------------------------------------------------------------------The Senior Manager, Governance and Road to Strong will report to the AML Vice-President, Governance and Road to Strong. Senior Manager, RTS will lead and develop FCRM governance structure to provide effective oversight and challenge over financial crime risk at TD, and is responsible for planning, developing, and implementing RTS Strategy and TOM. This includes engagement with Senior leadership and challenge committees. In addition, engages with RTS project team, Business Lines, and other internal stakeholders to collaborate and execute on RTS deliverables. The specific accountabilities include the following:Leads the execution of key deliverables within Governance Chapter of Enterprise RTS Program with a focus on standing up the enhanced governance framework to effectively manage financial crime risk in accordance with the Bank's risk appetite.Drafts proposals, standards, and guidelines to define enhanced governance for FCRM Program, including defined reporting lines, feedback loop, and escalations to Senior ManagementLeads elements of strategic p
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LocationToronto, ON
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SalaryNot available
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Terms of employment
Full time
- Start date
Starts as soon as possible
- vacancies
1 vacancy
- Source
CareerBeacon
#2093347
Advertised until
2024-08-01
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