TD Bank

Senior Group Risk Specialist - 2LoD Controls Testing and Oversight

TD Bank • $115K — $186K *
New York, NY 10025In-Person
Finance & Insurance
8 - 10 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Undergraduate degree or technical certificate; advanced degree preferred.
  • 10+ years of relevant experience in risk management or related fields.
  • Advanced knowledge of risk management governance and policies.
  • Proficiency in using advanced analytical software tools and data analysis methods.
  • Strong leadership skills with the ability to influence senior management.

Responsibilities

  • Lead the execution of 2LoD testing and validation programs.
  • Conduct independent review to assess compliance with regulatory requirements and internal standards.
  • Evaluate data lineage and reporting governance to validate risk management processes.
  • Identify and remediate control gaps in collaboration with business and technology stakeholders.
  • Proactively analyze emerging risks and trends to recommend management actions.

Benefits

  • Comprehensive health and wellness plans.
  • Retirement savings options including employer match.
  • Opportunities for professional development and training.
  • Work-life balance initiatives including flexible scheduling.
  • Employee discounts and perks.
Full Job Description
Work Location:
New York, New York, United States of America

Hours:
40

Pay Details:
$115,440 - $186,160 USD

Line of Business:
Risk Management
Job Description:
The Senior Group Risk Specialist provides a comprehensive and diverse range of risk management expertise to business leaders. Leads and supports the implementation of appropriate risk frameworks and leading related management activities to mitigate enterprise and/or business-wide risk exposures for key business segment of the Bank or functional area. May provide oversight, commentary, and recommendations based on overall strategy and industry best practices.

Department Overview:
TD Bank is guided by the Three Lines of Defense (LOD) Risk Framework: Risk Ownership (1LOD), Risk Oversight (2LOD), and Internal Audit (3LOD). The second line is independent of the business and provides policies, standards, and methodologies, with the authority to assess and challenge the first line to ensure adherence to those standards. In this role, you will lead and support the implementation of risk frameworks and oversight activities that mitigate enterprise risks. You will also lead the end-to-end controls testing and validation-from planning through execution-by assessing and socializing issues, monitoring remediation, and producing independent reporting across business processes and technology platforms, including support for regulatory and internal risk reporting.

Depth & Scope:
  • Recognized as top level expert within the company and requires significant in-depth and/or breadth of expertise in a complex field and knowledge of broader related areas
  • Senior specialist providing advisory services to executives, business segment leaders and governs requirements for own work
  • Integrates knowledge of the enterprise function's or business segment's strategy in leading program design, policy formulation or operating standards within one or more areas of expertise
  • Anticipates emerging business trends and regulatory/risk issues as a basis for recommending large-scale product, technical, functional or operations improvements
  • Serves as a source of expert advice to senior management in field of specialty; may lead team(s) of related specialists/experts
  • Advises on execution strategy and leads the development and deployment of functional programs or initiatives within own field or across multiple specialties
  • Solves unique and ambiguous problems with broad impact; typically oversees standards, controls and operating methods that have significant financial and operational impact within the context of own field
  • Requires innovative thinking to develop new solutions
  • Impacts the technical or functional direction and resource allocation of part of an enterprise function or business segment
  • Works within general policies and industry guidelines
  • Engages stakeholders to take action; serves as a source of expert advice, influences change; frames information in a broader context
  • Provides leadership guidance, makes recommendations and collaborates with business to ensure solutions meet the business needs on a complex project or program
  • Identifies and leads problem resolution for project/program complex requirements related issues at all levels

Education & Experience:
  • Undergraduate degree or technical certificate and/or
  • 10+ years relevant experience
  • Advanced knowledge of risk management governance, programs, policies, practices, operating frameworks & reporting for business supported and/or area of discipline to deliver objective guidance and independent challenge on initiatives.
  • Knowledge of risk management environment, standards, regulations and mitigation
  • Knowledge of current and emerging competitor and market trends
  • Ability to contribute to strategic direction of the function and provide advice to senior leadership
  • Skill in mentoring and coaching
  • Skill in using advanced analytical software tools, data analysis methods and specialized reporting techniques
  • Advanced ability to lead, plan, implement, and evaluate program/project activities to ensure completion of initiatives
  • Ability to make an impact, influence, and achieve results with effective negotiation, problem-solving, and communication skills
  • Skill in using computer applications including MS Office
  • Ability to communicate effectively in both oral and written form
  • Ability to work collaboratively and build relationships across teams and functions
  • Ability to work successfully as a member of a team and independently
  • Ability to exercise sound judgement in making decisions
  • Ability to analyze, organize and prioritize work while meeting multiple deadlines
  • Ability to handle confidential information with discretion

The Senior Group Risk Specialist is responsible for leading the execution of independent Second Line of Defense (2LoD) testing and validation programs across regulatory reporting, internal risk reporting, data risk management, and liquidity and capital risk management. This role provides independent review and challenge of First and Second Line processes, controls, data, and reporting practices to assess compliance with regulatory requirements, internal standards, and industry-leading practices. Responsibilities include leading the evaluation of end-to-end data lineage, data transformations, calculation methodologies, control frameworks, and reporting governance to validate the integrity, accuracy, and regulatory compliance of risk management and reporting processes.
The role requires hands-on experience and knowledge of leading industry practices pertaining to controls testing, operational risk management, regulatory reporting requirements, liquidity and capital risk management, and risk data aggregation and reporting, as well as capabilities to lead a team of testing professionals and influence senior stakeholders across business, risk, finance, technology, and data management functions.

Preferred Experience/Qualifications:
  • Lead 2LOD testing of business and technology controls, including scoping, planning, execution, documentation, and issue tracking/reporting
  • Lead the execution of independent testing in the following areas: Control Design & Operating Effectiveness, Transactions Testing, Data Reconciliations, Logic Reperformance, Data Profiling/Analytics, End-User Computing (EUC) Review, Policy & Procedure Review, Governance/Oversight, and Regulatory Rule Compliance
  • Identify opportunities to streamline and automate controls testing (where appropriate), including through the use of generative AI, agentic AI, and RPI
  • Proactively identify and assess risks; escalate to management as needed; confirm findings and drive action plans to mitigate and manage risks
  • Determine testing approach, including frequency, scope, key data element selection, sampling methodology, and test procedures in alignment with the 2LOD testing framework
  • Support the maintenance of the testing inventory and update the testing universe and plans based on the regulatory landscape and changes in the internal risk profile
  • Partner with business and technology stakeholders to review key controls, identify potential control gaps, and agree on remediation plans
  • Evaluate processes and controls and connect themes across issues/deficiencies to improve standardization of solutions, processes, and controls
  • Monitor emerging issues, trends, and evolving regulatory requirements; assess impacts; and recommend actions to management
  • Manage deliverables and timelines and provide proactive status updates to management
  • Bachelor's degree required; advanced degree and/or relevant certifications (e.g., CRISC, CISA, CIA, CPA, FRM, CFA) preferred
  • 7+ years of experience in risk management, internal audit, controls testing, compliance, or a related field within financial services
  • Hands-on experience with Microsoft Copilot and other generative and agentic AI tools to automate and improve processes
  • Experience with any of the following reports is a plus: FR 2052a, US LCR, US NSFR, FR Y9C, Call Report, FR Y-15, FR Y14-Q/M, FR Y-14A (CCAR, DFAST)
  • In-depth knowledge of retail banking products, processes, and associated risk and control frameworks is considered a strong asset
  • Ability to interpret guidelines, standards, policies, and analytical results to inform senior-level decision-making
  • Ability to work with large datasets and perform data analytics (e.g., trend analysis, anomaly detection, sampling)
  • Strong attention to detail, with the ability to identify root causes of issues and observations
  • Strong analytical and organizational skills, including the ability to manage multiple priorities and deadlines
  • Confidence and judgment to challenge the status quo and engage in constructive challenge when needed
  • Strong written and verbal communication skills; ability to build and maintain effective working relationships with cross-functional teams

Customer Accountabilities:
  • Leads the development and/or implementation of specific standards, policies and/or processes that identify, report on and mitigate operational (or all major) risk exposures within the business
  • Proactively analyzes potential risks and ensures escalation of key risks to appropriate areas and/or executive review with business executive findings and action plans to mitigate and manage these risks
  • Establishes and provides on-going analysis and reporting on operational risk and/or other major risk categories as applicable to own business or functional area, and reviews findings and action plans with business leaders to mitigate and manage key issues
  • Coordinates and/or guides activities relating to core operational risk disciplines/programs including, Risk & Control Self-Assessment, Business Continuity Management, Outsourcing & Vendor Management, Regulatory Compliance (e.g. CDIC, AML, Privacy, IDA, CBA, SOX, Basel etc.)
  • Supports enterprise-wide operational risk escalation, review and approval processes, data management, policies and risk assessment processes
  • Directs the development and monitoring of Key Risk Indicators and facilitate communication and resolution of risk issues among other business segments where applicable
  • May be accountable for managing ancillary operational risk areas (e.g. BCM/incident management, outsourcing/vendor management, fraud aggregation and assessment, Basel implementation/capital analysis, change management, Privacy, AML, LCM and other regulatory issues), in addition to core functions
  • May be responsible for providing support for other major risk areas (e.g. Market, Credit, Reputational and/or Regulatory risks etc.)
  • May be a point of contact for guidance in the monitoring/reporting of compliance, management, and strategic initiatives
  • Provides broad/deep commentary in support of the development/maintenance/oversight of policies/procedures/practices, as required

Shareholder Accountabilities:
  • Adheres to enterprise frameworks or methodologies that relate to activities for our business area
  • Ensures respective programs/policies/practices are well managed, meet business needs, comply with internal and external requirements, and align with business priorities
  • Consistently exercises discretion in managing correspondence, information and all matters of confidentiality; escalates issues where appropriate
  • Ensures business operations are in compliance with applicable internal and external requirements ( e.g. financial controls, segregation of duties, transaction approvals and physical control of assets)
  • Participates in cross-functional/enterprise/initiatives as a subject matter expert helping to identify risk/provide guidance for complex situations
  • Conducts internal and external research projects; supports the development/delivery of presentations/communications to management or broader audience
  • Conducts meaningful analysis at the functional or enterprise level using results to draw conclusions, make recommendations and assess the effectiveness of programs/policies/practices
  • Monitors service, productivity and assesses efficiency levels within own function and implements continuous process/performance improvements where opportunities exist
  • Leads/facilitates and/or implements actions/remediation plans to address performance/risk/governance issues

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

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