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director, audit and compliance
Title posted on CareerBeacon - AVP, FCRM and Chapter Lead, KYC, Monitoring and Reporting, Canada
Posted on November 15, 2024 by Employer details TD Bank
Job details
Work Location:Toronto, Ontario, CanadaHours:37.5Line of Business:Financial Crime Risk ManagementPay Details:. - . CADTD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.Job Description:Reporting to the Vice President, FCRM, Risk and Business Controls, this AVP leads the workstreams to enhance TD's KYC program and its monitoring and reporting processes. This leader oversees the development of solutions for these workstreams to ensure these are built in alignment with regulatory requirements and best practices and provides associated subject matter expertise in the development of solutions.The general accountabilities of this role include but are not limited to the following:Know Your Customer WorkstreamProvide strategic direction to support delivery of sustainable enhancements to TD's Know Your Customer (KYC) Programs.Lead the implementation of a consequence management framework for non-compliance with KYC requirementsProvide advice and assist the business with KYC self service solutionsDrive consistent KYC monitoring processesLead the establishment of feedback loops between investigations teams and the lines of businessIdentify linkages between KYC requirements and other components of the financial crimes risk management framework to enable the design of an interconnected and efficient strengthened FCRM Program.Keep current on emerging issues, trends, and evolving regulatory requirements and assess potential impacts to the KYC workstreamMonitoring and Reporting Workstream Responsible for end-to-end leadership delivery of the Transaction Monitoring & Reporting workstream.Lead the advancement of the banks transaction monitoring capabilities including Governance, standards, coverage assessment methodology and proceduresEnhance the Unusual Transaction Reporting Program including processes, controls, reporting, training etc.Drive the enhancement of the UTR strategic tool, which involves coordination among the various Line of Business stakeholders, other Financial Crime partners, and Financial Crime Risk Management Operations.Enhance the monitoring program for cash intensive customers and monetary instrumentsOther Accountabilities Serve as the focal point for all interactions/escalations with internal and external stakeholders on the KYC and Monitoring and Reporting workstreams.Deliver frequent written and verbal reporting to senior management and the Board on progress against the KYC, Monitoring and Reporting workstream deliverables.Proactively identify key business opportunities, research, and recommends enhancements / modifications, develops strategies to achieve recommendations in the workstreams and work closely with colleagues and partners to execute and implement.Review deliverables/solutions for technical compliance and practicalityProvide leadership and guidance to the project team and other stakeholders to ensure appropriate record keeping and artifacts are maintained/stored for clear transparency and auditability. Anticipates emerging obstacles and proactively removes barriers to successful achievement of the programContributes to the strategy and long-term planning activities for Financial Crime Risk ManagementFosters a continuous improvement mindset and proposes enhancements to the program informed by industry trends and best practices.Maintain a culture of risk m- LocationToronto, ON
- Workplace information On site
- SalaryNot available
- Terms of employment Permanent employmentFull time
- Starts as soon as possible
- vacancies 1 vacancy
- Source CareerBeacon #2117791
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