TD Bank

Compliance Business Oversight Manager

TD Bank • $91K — $145K *
US-AnywhereRemote in Charlotte, NC
Finance & Insurance
5 - 7 years of experience
1 week ago
Job Overview by Ladders

Qualifications

  • Undergraduate degree or equivalent work experience
  • 7+ years of experience in regulatory compliance management, risk, or audit within banking sector
  • Knowledge of investment management and fiduciary activities
  • Familiarity with FINRA, SEC, and other regulatory frameworks
  • Demonstrated experience in developing compliance policies and training materials

Responsibilities

  • Ensure compliance with the Investment Company Act of 1940 and federal securities laws
  • Assist with regulatory requests and examinations
  • Develop and maintain compliance policies and procedures
  • Aggregate compliance reports on regulatory risks and trends
  • Represent compliance Department in cross-functional initiatives

Benefits

  • Comprehensive professional development opportunities
  • Supportive work environment with a focus on teamwork and transparency
  • Encouragement of open dialogue regarding career progression
  • Access to a collaborative culture promoting service quality and innovation
Full Job Description
Work Location:
Mount Laurel, New Jersey, United States of America

Hours:
40

Pay Details:
$91,000 - $145,600 USD

TD 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.

Line of Business:
Compliance
Job Description:

U.S. Wealth is a fully integrated wealth management business that provides products and services (designed for High-Net-Worth, Institutional and Mass Affluent clients of TD Bank, N.A. encompassing banking, custom credit, asset management, securities, investment advisory and insurance) through multiple legal entities (TD Bank N.A., TD Private Client Wealth LLC and TD Wealth Management Services Inc) with independent and complex regulatory regimes. The Financial Advisors, Relationship Managers, and Investment Advisors who are part of the client-facing Distribution teams are both securities-registered and insurance-licensed. Additionally, the Trust Advisors support both personal and corporate trust. The Wealth Mortgage Lending Officers (WMLO) and the Wealth Lending Advisors (WLA) who support the lending activities of Wealth Banking.

As a member of the US Wealth Compliance Department, the Compliance Business Oversight Manager will:
  • Ensure ongoing compliance with the Investment Company Act of 1940, FINRA, SEC rules, and other applicable state and federal securities laws
  • Assist in regulatory requests and exams, and help manage responses to State, FINRA, and SEC inquiries
  • Help mitigate risk and ensure the firm meets regulatory obligations
  • Assist in the development, implementation, and maintenance of the firm's compliance policies and procedures
  • Partner with operations, technology, and business teams to ensure regulatory compliance
  • Develop and prepare compliance reports on risks and trends
  • Serve as a compliance resource across the firm and represent the department on cross-functional meetings, initiatives, forums and committees
  • Identify departmental risks and contribute to strategic planning
  • Oversee business case initiatives and compliance-related technology requests
  • Provide training to the field on various regulatory topics, including onboarding new hire training
  • Delivers relevant subject matter expertise and Compliance advice to business management
  • Monitor changes in applicable laws and regulations and advise senior management on potential impacts and required actions
  • Conduct periodic compliance testing, surveillance, and risk assessments in line with the firm's compliance program
  • Provide backup support to other areas of the US Wealth Compliance team
  • Participate in other initiatives as needed


Job Summary:

The Compliance Administration Oversight & Reporting Manager ensures regulatory adherence and risk management within our bank. This role oversees compliance monitoring, reporting, and governance processes, collaborating with cross-functional teams to enhance transparency and decision-making. A strong background in regulatory compliance management, risk, or audit within the banking sector and ability to thrive in a dynamic environment is critical to this role.

Depth & Scope:
  • Works independently and is accountable for managing a specialized Compliance function or area
  • Provides comprehensive coverage for a significant business or functional area across all legal entities and jurisdictions where TD operates
  • Provides advanced analysis and/or specialized reporting to support business partners, functional areas or centers of expertise
  • Provides guidance and support to analysts on matters related to portfolio and specialty
  • Typically a subject matter expert for a key functional Compliance area and business
  • Contact for business management, dealing with non-routine information
  • Manages/assists with regulatory reviews including inquiries, audits, and exams
  • Identifies and leads problem resolution for project/program complex requirements related issues at all levels


Education & Experience:
  • Undergraduate degree or equivalent work experience
  • 7+ years of experience


Preferred Skills and Experience:
  • Experience working in an integrated wealth business as a bank subsidiary, a focus on securities investment management and fiduciary activities, state insurance regulatory requirements and securities regulatory requirements for activities involving the recommendation or sale of non-deposit investment products (NDIP) to retail bank customers is preferred.
  • Knowledge and experience within compliance or audit, legal and regulatory environment, enterprise governance framework, products and services, policies, standards, systems, reporting and training requirements a plus.
  • Knowledge of current and emerging trends, including broker-dealer and RIA regulatory expectations and standards for effective compliance management systems.
  • Ability to research, interpret and summarize relevant regulatory expectations, laws, regulations and impacts to Compliance Program elements.
  • Skill in using computer applications including MS Office Suite, including PowerPoint, Excel, OneDrive, Teams.
  • Ability to independently identify, assess, and escalate issues requiring senior management attention.
  • Experience conducting annual compliance assessments under 206-4(7) and FINRA 3130.
  • Demonstrated business writing abilities.
  • Experience writing policies, policy guidance, procedures, and training.
  • Experience responding to client complaints within a bank or broker-dealer.
  • Experience reviewing and providing guidance on advertising and marketing materials for a broker-dealer/bank.
  • FINRA Series 7, 63 and 24 preferred.


Customer Accountabilities:
  • Proactively advises the business of new and changed Compliance regulatory and/or policy changes
  • Formulates relevant and meaningful insights from data analysis and leads on the interpretation of complex business issues, generates multifaceted insights and identifies opportunities to address business regulatory requirements and issues
  • Contributes to the development and implementation of Compliance programs
  • Guides partner through the development, implementation, oversight and management of effective Compliance Programs
  • Prepares summaries, presentations, briefing notes, and any other required documentation to effectively report on the status of Compliance
  • Represents Compliance on internal or external committees relating to designated business activities as required
  • Delivers relevant subject matter expertise and Compliance advice to business management
  • Conducts meaningful analysis at the functional or enterprise level using results to draw conclusions, makes recommendations, assesses the effectiveness of programs/policies/practices
  • Maintains oversight (via review and approval) of all functions and accountabilities related to management reporting and analysis
  • Manages high risk initiatives and escalations; leads initiatives/guidance as appropriate


Shareholder Accountabilities:
  • Actively assists in developing Compliance Team procedures
  • Facilitates the periodic Compliance risk and self-assessment activities for designated business using TD's Enterprise Compliance Risk Assessment Framework
  • Monitors that assessments (monitoring, risk assessment etc.) are completed and communicated in a continuous and timely fashion
  • Consistently exercises discretion in managing correspondence, information and all matters of confidentiality; escalates issues where appropriate
  • May provide review and content in the development of annual awareness training
  • Manages the risk assessment process for assigned businesses
  • Protects the interests of the organization, our customers and our communities - identifies and manages risks, and promotes the prompt and thorough resolution of escalated non-standard, high risk issues
  • Conducts internal and external research projects; supports the development/delivery of presentations/communications to management or broader audience
  • Actively manages relationships within and across various business lines, corporate and/or control functions and promotes alignment with enterprise and/or regulatory requirements
  • Keeps abreast of emerging issues, trends, and evolving regulatory requirements and assesses potential impacts
  • Maintains a culture of risk management and control, supported by effective processes in alignment with risk appetite


Employee/Team Accountabilities:
  • Participates fully as a member of the team, supports a positive work environment that promotes service to the business, quality, innovation and teamwork and promotes timely communication of issues/points of interest
  • Provides thought leadership and/or industry knowledge for own area of expertise and participates in knowledge transfer within the team and business
  • Keeps current on emerging trends/developments and grows knowledge of the business, related tools and techniques
  • Participates in personal performance management and development activities, including cross training within own team
  • Keeps others informed and up-to-date about the status/progress of projects and/or all relevant or useful information related to day-to-day activities
  • Contributes to team development of skills and capabilities through mentorship of others, by sharing knowledge and experiences and leveraging best practices
  • Leads, motivates and develops relationships with internal and external business partners/stakeholders to develop productive working relationships
  • Contributes to a fair, positive and equitable environment that supports a diverse workforce
  • Acts as a brand ambassador for your business area/function and the bank, both internally and/or externally


Physical Requirements:

Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%
  • Domestic Travel - Occasional
  • International Travel - Never
  • Performing sedentary work - Continuous
  • Performing multiple tasks - Continuous
  • Operating standard office equipment - Continuous
  • Responding quickly to sounds - Occasional
  • Sitting - Continuous
  • Standing - Occasional
  • Walking - Occasional
  • Moving safely in confined spaces - Occasional
  • Lifting/Carrying (under 25 lbs.) - Occasional
  • Lifting/Carrying (over 25 lbs.) - Never
  • Squatting - Occasional
  • Bending - Occasional
  • Kneeling - Never
  • Crawling - Never
  • Climbing - Never
  • Reaching overhead - Never
  • Reaching forward - Occasional
  • Pushing - Never
  • Pulling - Never
  • Twisting - Never
  • Concentrating for long periods of time - Continuous
  • Applying common sense to deal with problems involving standardized situations - Continuous
  • Reading, writing and comprehending instructions - Continuous
  • Adding, subtracting, multiplying and dividing - Continuous


The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.

#LI_AMCBCorporate

About TD Bank

TD Securities offers a range of advisory and capital market services to its clients. The company's range of services includes research, investment banking, capital markets, and global transaction banking. Research consists of commodity and equity research. Investment banking consists of mergers, acquisitions, industry expertise, and credit origination. Global transaction banking consists of trade finance, cash management, and correspondent banking. TD Securities was founded in 1855 and is based in Ontario.

TD Bank Careers

Join the vibrant team at TD Bank, one of North America's leading financial services organizations, where innovation, leadership, and growth go hand in hand. At TD Bank, we are committed to fostering a culture of diversity and inclusion, making it an ideal place for ambitious professionals to thrive. Work You’ll Do At TD Bank, your professional journey is bolstered by a robust support system. From your first interview to every career milestone, you will find opportunities for growth and leadership. Our team is dedicated to helping you develop the skills necessary for success in the ever-evolving financial sector. TD Bank offers a variety of job opportunities across multiple fields, from customer service to investment banking. Each position at TD Bank is a chance to contribute to our culture of innovation and exceptional client service. Internship Programs Kickstart your career with a TD Bank internship. Our programs provide invaluable industry exposure and hands-on experience, making them a perfect starting point for students and recent graduates eager to make their mark in the banking industry. Interns at TD Bank enjoy the unique opportunity to work alongside seasoned professionals, gaining insights that are crucial for future employment. Benefits and Growth TD Bank is deeply committed to the well-being and continuous growth of our team members. We offer competitive benefits packages that cover health, finance, and family care. Our employees enjoy comprehensive health insurance, retirement plans, and generous paid time off, among other perks. Moreover, TD Bank encourages professional development through various training programs, including leadership development and diversity training. These initiatives ensure that our team remains at the forefront of industry standards and best practices. Join Our Team Explore the numerous career paths available at TD Bank and discover how your skills and interests align with our mission. We are actively hiring and continually looking for talented individuals who are passionate about banking and customer service. Networking and Professional Development At TD Bank, we believe in the power of networking and collaboration. Our employees have access to a wide range of networking events, workshops, and seminars that promote career development and professional growth. These platforms not only enhance your professional skills but also expand your industry connections. Stay Connected Keep up to date with the latest at TD Bank Careers by subscribing to our job alert emails. Tailor your subscription to match your career preferences and get the latest news, insider tips, and job opportunities delivered straight to your inbox. Explore job opportunities at TD Bank and be part of a team that values hard work, creativity, and a diverse workplace culture. Your next great career move is just a click away. SEARCH TD BANK JOBS Join us at TD Bank and let your ambition lead you to a rewarding career filled with opportunities to learn, grow, and innovate.
Learn more about TD Bank
Size
90,000 employees
Market Cap
$117.9 billion
Industry
Finance & Insurance
Net Income
-$6.9 million
5 Year Trend
+6.6%
* Ladders Estimates

Similar Jobs

Ad banner background

Get Ready For Your
Next Interview

More Jobs at TD Bank

More Finance & Insurance Jobs

Find similar Compliance Business Oversight Manager jobs:

NationwideRemote