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 Remediation is responsible for expanding and managing regulatory oversight program for the first line of defense in Wealth by partnering with U.S. Wealth Senior Leadership Team, Federated Partners (Compliance, Legal), and AMCB Consumer Bank teams to ensure that all regulatory, compliance, audit, and self-ID findings are remediated and customer and colleague impacts related to new and updated processes are understood and supported.

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

Drives timely, effective, and efficient resolution of regulatory, audit, compliance, and self ID findings

Actively identifies opportunities to uplift processes and procedures and increase efficiency / streamline processes while ensuring processes are controlled and meet regulatory requirements

Leads funding alignment/strategy to ensure MRA remediation activities can be delivered and executed

Supports Internal Audit findings to ensure remediation plan is adequate and layered into regulatory responses as necessary

Works with business unit management/partners to develop and implement proactive strategies, tactics, and programs to effectively manage regulatory and governance issues

Provides the business leadership team with information required to ensure adherence to internal policies/procedures and applicable regulatory guidelines, ensures activities are within TDs risk appetite and risk management policies, escalates as required

Leads and conducts due diligence process reviews for potential areas of risk to ensure the business is prepared for internal and external audit reviews

MRA Remediations – ensures and confirms testing is performed to demonstrate enhancements are working
Leads a team of operational control & process design experts to build and deliver remediation plans/Operates and collaborates cross functionally to implement remediation plans

Delivers executive updates related to ongoing regulatory remediation and corporate audit findings

Keeps abreast of emerging issues and trends from key regulatory bodies including FINRA, SEC, OCC

Partners with Senior Executives across Consumer Distribution & AMCB to deliver thought leadership and guidance on regulatory risk mitigation

Education & Experience:

Bachelor's degree and progressive work experience

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

FINRA Series 7, 24, and 66 (or equivalent – Series 9, 10)

Must have extensive Wealth Management leadership experience

Extensive understanding of current compliance and regulatory issues (OCC, SEC, FINRA, and State Securities Regulators)

In-depth knowledge of OCC, RIA and B/D Operations, investment products, trust

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

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

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.