Governance & Control Mgr - Model Risk Management [United States]

 

407925BR
Risk Management
Mount Laurel, NJ
May 3, 2023

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Company Overview

About TD Bank, America’s Most Convenient Bank®

TD Bank, America’s Most Convenient Bank, is one of the 10 largest banks in the U.S., providing over 9.8 million customers with a full range of retail, small business and commercial banking products and services at more than 1,100 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Auto Finance, a division of TD Bank, N.A., offers vehicle financing and dealer commercial services. TD Bank and its subsidiaries also offer customized private banking and wealth management services through TD Wealth®. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.td.com/us. Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US and www.twitter.com/TDNews_US.

TD Bank, America’s Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol “TD”. To learn more, visit www.td.com.

We offer a competitive salary and benefit program, including: comprehensive, affordable health care through medical, dental, and vision coverage; financial security with life and disability insurance; opportunities to save using health savings and flexible spending accounts; retirement benefits to help prepare for the future; paid time off and work/life benefits to maintain a good balance.

Department Overview

Reporting to the Senior Manager, Governance and Control, this position will be responsible for supporting the Model Governance (CTO) mandate as it relates to the Dodd Frank Annual Stress Testing (“DFAST”) and the Enterprise-Wide Stress Testing (“EWST”) programs. In addition, the role will support the deliver guidance, advice, and training to our corporate function partners to ensure Model Governance practices align to industry best practices, meet regulatory expectations, and comply with internal Model Risk Policy (“MRP”) requirements.

• Support the coordination and execution of in-cycle DFAST processes including, but not limited to, (i) variable sensitivity analysis, (ii) key assumption sensitivity analysis, (iii) sensitivity of post stress capital ratios, (iv) updating the Capital Plan Narrative, whitepapers, and other DFAST related documentation; and (v) model to FRY 14A mapping;
• Manage the model Overlay process for stress testing (DFAST and EWST).
• Provide an annual maturity assessment for DFAST models in consideration of regulatory requirements and internal target state aspirations
• Perform model materiality assessments for DFAST models and collaborate with cross-functional teams in assessing challenger model requirements for DFAST
• Maintain Process Maps and Process Guides related to the execution of DFAST and EWST/MST processes;
• Deliver on-going guidance, advice, and training to our 1A partners to ensure their practices are consistent with regulatory and MRP requirements;
• Partner with the 1st line to drive timely identification, assessment, escalation, and resolution of issues
• Support the implementation of high priority initiatives, when assigned

Job Description

The Governance and Control Manager will be responsible for the analysis, assessment and reporting of operational risks. This includes representing the ATM Channel for new business initiatives and interacting with internal partners such as Legal, Compliance, Privacy, Operational Risk, Regulatory Risk, Fraud, TRMIS and others to ensure alignment to the broader organization from a policy and compliance perspective.

Actively engages partners including Legal, Compliance, Privacy, Operational Risk, Regulatory Risk, Fraud, TRMIS to understand risk policies and collaborate, identify solutions for the ATM Channel
Acts as Risk SME on new ATM Channel initiatives to ensure the application of a risk lens in conjunction with internal stakeholders to mitigate, avoid or transfer exposure to an acceptable extent (Tier 1, 2, 3 Projects)
Acts as an expert in Operational Risk Event data and reporting and provides insight in identifying trends and risks for the business
Supports the annual Risk & Control Self-Assessment process, including preparatory work for all sessions
Responsible for oversight of process mapping and risk assessments under the new Process Risk & Control Self-Assessment (pRCSA) enterprise wide initiative
Assists business with the development and review of Key Risk Indicators (KRIs) and manages the aggregation and assessment of KRIs
Coordinates Business Continuity Planning; with Plan Builder accountability for both US and Canada BCM Plans
Performs ad hoc analysis and investigations as required
Maintains a thorough knowledge of the ATM Channel and its emerging compliance issues, ensuring proactive management and adequate support
Encourages and fosters positive working relationships with internal business partners
Works with key internal stakeholders (Compliance, Privacy, Regulatory and Operational Risk, etc.) to ensure compliance on pending legislation and awareness of issues as a result of the change in order to determine channel impact to close gaps
Escalates ATM Channel regulatory concerns to partners

Requirements

• Must be eligible for employment under regulatory standards applicable to the position.

Undergraduate degree or relevant industry or risk and compliance management experience and/or accreditation
7+ years of related experience
Relevant industry or risk and compliance management experience and/or accreditation
Has an understanding of the key internal business partners and their respective roles within the organization
Has a good understanding of the risk management landscape and disciplines at TD
Process/control design and analysis skills are a definite asset
Takes ownership of issues and is able to drive initiatives forward to successful resolution
Provides day to day interaction and support to Management
Works independently as well as in a team environment
Ability to educate others on risk related issues
Strong analytical and problem solving skills, has an eye for detail and the ability to meet tight deadlines, manage priorities and multi-task
Strong written, verbal, and presentation skills to allow for effective communication with senior management and other business partners
Strong relationship management skills to work collaboratively with other departments and at all levels
Adaptable to changing priorities and ad hoc requests
Ability to work within predetermined engagement process and adhere to current practices

Qualifications

Preferred requirements:

• Bachelor’s or Master’s degree in finance, economics, mathematics or related field.
• Proficiency in Microsoft Office suite, specifically Excel
• Experience with Model Risk Management General Environment (MRMGE) and basic understanding of TD model policies a plus
• Ability to work multi-functionally, communicate positively and professionally in both spoken and written form, provide assistance or guidance to other team members and build positive relationships across teams
• Strong analytical skills and attention to detail
• Capital markets/Bank stress testing, treasury knowledge and understanding of financial modelling would be considered an asset

Hours

40

Inclusiveness

At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live in and serve, and creating an environment where every employee has the opportunity to reach their potential.

If you are a candidate with a disability and need an accommodation to complete the application process, email the TD Bank US Workplace Accommodations Program at USWAPTDO@td.com . Include your full name, best way to reach you, and the accommodation needed to assist you with the application process.

EOE/Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity.

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