Work Location:

New York, New York, United States of America

Hours:

40

Pay Details:

$200,000 - $280,000 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:

TD Wealth

Job Description:

The Head of Wealth Business Management / Administration is a critical executive role responsible for management of Administration, FINRA required FINOP responsibilities, Marketing Principal duties, Strategy, middle-office Sales/Service Support, and Data & Analytics responsibilities. This role will also lead first-line engagement and activities with Compliance and Legal with respect to Office of Supervisory Jurisdiction (OSJ) Administration, FINRA Branch Administration, Licensing/Registrations and maintenance requirements. This role will lead engagement with HR and Finance to ensure alignment across job families, entitlements, and financial & regulatory reporting.

Depth & Scope:

Provides people management leadership by hiring the best talent, setting goals, developing staff, managing employee performance and compensation decisions, promoting teamwork, and handling any/all disciplinary actions, as required

Executes all administration required to comply with FINRA, SEC and State Insurance Regulators regarding Registered Representatives, FINRA Registered Branches, Licensed Bankers, Non-Registered-Fingerprinted Individuals, FINRA Offices of Supervisory Jurisdiction requirements, Store coverage hierarchies, OBAs, maintenance and annual review processes, etc. 

Executes FINRA Finance Principal and Marketing Principal responsibilities for TDPCW and TDWMSI.  Regulatory requirement that Principal associated directly with the BD/RIA be responsible and accountable for all financial reporting associated with and/or required by  FINRA or the SEC and the maintenance of the books and records supporting that reporting

Executes Registered Principal sign off required for all Marketing material that identifies TDPCW and/or TDWMSI

Leads Wealth Service & Sales Support team to drive operational excellence and Legendary experience for Clients and Advisors.  This includes oversight of several large groups supporting HNW & Institutional Advisors, MA Advisors and Trust Advisors with activities such as Client Onboarding, Money Movement, Account Maintenance & Servicing

Leads Administration team for Wealth, with responsibility for Advisor compensation management and execution, Colleague onboarding and offboarding processes and execution, book transfers and management, maintenance of  job families, hierarchies, entitlements, and year-end processes in collaboration with HRBP

Leads Data & Analytics teams to manage processes for leveraging business and customer data, ensure strong data governance and data stewardship, and deliver insights and reports to inform strategic decisions

Leads Strategy and Business Management to short, medium, and long-term strategies to scale the business and meet financial targets

Stays abreast to industry developments and news

Ensures that business / department operations are in compliance with applicable internal and external requirements (e.g. financial controls, segregation of duties, transaction approvals, and physical control of assets) and that applicable escalation processes are followed

Provides effective presentations and reporting to the various US TD Boards of Directors

Strong ability to attract, inspires and brings out the best in team members through a demonstrated passion for the business and willingness to recognize and reward the contributions of others

As a senior executive team member, and across all areas of accountability, optimizes TDBGs resources by leveraging TD's operating model to maximize efficiency, effectiveness, and scale

As a senior leader of the organization, oversees strategies to attract, motivate and retain a highly qualified human resource base to achieve business objectives and to fully engage our people within areas of accountability

Education & Experience:

Bachelor’s or Master’s degree in Finance, Business Administration, or related field; an MBA or professional certification (e.g., CFA) is preferred

15+ years of experience with a proven track record in a high-level management role within wealth management or private banking

A deep understanding of financial products and markets, investment strategies, and banking services across segments

Must be able to delegate activities and responsibilities, projects and tasks to ensure proper resourcing

Must possess ability to think strategically as well as tactically

Strong leadership and management skills with a track record of successfully managing cross-functional teams and large-scale projects

Exceptional communication and interpersonal abilities for top-tier client interaction and relationship management

Deep understanding of regulatory compliance and risk management in the finance industry

Strong technology acumen, comfortable with IT systems that support wealth management operations

S7, S24, S27, Life & Health with detailed understanding of Administration and FINOP requirements under pertinent regimes

Prior engagement with regulators (e.g., FINRA, SEC, OCC)

Exceptional problem solving and analytical skills (issue identification, problem structuring, process redesign, analysis, development of actional recommendations) and conceptual thinking abilities

Strong understanding of and experience in implementing large scale and complex programs/projects; proven ability to work effectively with teams and individuals

Excellent communication skills, both written and verbal

Advanced facilitation and influence management skills

Proven ability to develop good business relationships with internal and external partners

Able to work in an unstructured and fast paced environment

OCC:

This position is with a FINRA member, broker and/or dealer and is subject to the requirements of FINRA and Securities Laws.  May (or may not) be a registered position under FINRA.

Must be eligible for employment under standards established by FINRA.  Subject to the investigation and verification requirements of FINRA Rule 3110(e), including:  the Firm's obligation to investigate the good character, business reputation, qualifications and experience of an applicant for registration before applying to register the applicant with FINRA and filing the applicant's Form U4 with the CRD, and before representing on the applicant's Form U4 that it has conducted this investigation and verified the accuracy and completeness of the information contained in the applicant's Form U4; and the Firm's obligation to verify the accuracy and completeness of the information contained on the applicant’s Form U4, no later than 30 calendar days after the Form U4 is filed with FINRA.

Satisfactory results on a criminal background check, credit report check, civil litigation search, and regulatory agency or self-regulatory organization enforcement action search, and statements/certification from job applicant regarding administrative, civil, and/or criminal findings by any government agency/authority or self-regulatory organization, are required by federal law for this position.

Physical Requirements:

Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%

Domestic Travel – Occasional

International Travel – Occasional

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.

Who We Are:
TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues. 

TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you’ve got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we’re here to support you towards your goals. As an organization, we keep growing – and so will you.

Our Total Rewards Package

Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals. Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition. Learn more

Additional Information:
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Colleague Development
If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we’re committed to helping you identify opportunities that support your goals.

Training & Onboarding
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process
We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation

TD Bank is an equal opportunity employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or any other characteristic protected under applicable federal, state, or local law.

If you are an applicant with a disability and need accommodations to complete the application process, please email 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 applicant process.