Associate Vice President, Compliance, US, TD Securities

Work Location:

New York, New York, United States of America

Hours:

40

Line Of Business:

TD Securities

Pay Detail:

$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.

Job Description:

The Global Compliance Department is responsible for overseeing regulatory compliance across TDBG in accordance with the Global Compliance Operating Framework. The team is accountable for promoting regulatory compliance by developing and maintaining compliance programs, including identifying and disseminating regulatory developments to businesses they support, maintaining Compliance policies, managing complaints and regulatory filings, providing relevant training, carrying out independent monitoring and oversight activities, reporting on the state of compliance to the Board, UDP and senior management, as needed, and objective guidance and effective challenge.

The AVP Compliance, TDS effectively leads core compliance programs - including Registrations, Regulatory Exam Management and Monitoring and Testing - throughout the U.S. wholesale footprint. Reporting to the VP, TD Securities US this role is pivotal in maintaining the US TD Securities' compliance framework, ensuring that it is robust, adaptive, and aligned with global regulatory expectations. Specifically, this role will lead the U.S. Global Markets Compliance Advisory team providing coverage to U.S. Fixed Income, Equity, Prime Brokerage, Derivative, FX and Commodities business lines and supporting functions. The ideal candidate will possess a strong compliance acumen, leadership qualities, and the ability to drive strategic initiatives in a complex regulatory environment.

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
• Effectively lead core compliance programs throughout the US wholesale footprint
• Manages TD Securities regulatory relationships, including the Federal Reserve Board (FRB). Office of Comptroller and Currency (OCC), FINRA, and CFTC
• Coordinates with U.S. and Canadian Compliance Governance and Assurance teams to manage and operationalize compliance processes 
• Manages and coordinates regulatory exams for TD Securities, the NY Branch and Prime Services
• Develops and implements U.S. Wholesale testing and monitoring plan
• Implements global compliance operating framework (GCOF) for TDS U.S.
• Coordinates development and monitoring of U.S. testing plan with global counterparts
• Manages wholesale regulatory risk by establishing sound and effective processes addressing regulatory requirements.
• Ensures core regulatory requirements are satisfied by managing policies and procedures and creating requisite infrastructure
• Attracts and develops key compliance talent
• Effectively communicates and partners with stakeholders from the business and other Support & Control functions to advance compliance priorities

Key Responsibilities:

• Leadership and Strategy: Develop and implement the compliance strategy for U.S. Markets, ensuring alignment with the company's overall compliance framework and regulatory requirements.
• Regulatory Compliance: Oversee the identification, assessment, and management of compliance risks related to U.S. Markets. Ensure adherence to all relevant laws, regulations, and industry standards
• Policy Development: Create, update, and enforce compliance policies and procedures. Ensure that these policies are effectively communicated and understood across the organization.
• Monitoring and Reporting: Establish and maintain robust monitoring and reporting systems to track compliance activities and identify potential issues. Provide regular updates to senior management and regulatory bodies as required.
• Training and Awareness: Develop and deliver compliance training programs to ensure that all employees are aware of their responsibilities and the importance of compliance. Foster a culture of compliance within the organization.
• Risk Management: Collaborate with other departments to identify and mitigate compliance risks. Conduct regular risk assessments and implement appropriate controls to address identified risks.
• Investigations and Remediation: Lead investigations into compliance breaches and oversee the implementation of corrective actions. Ensure that any issues are resolved promptly and effectively.
• Stakeholder Engagement: Build and maintain strong relationships with key stakeholders, including regulators, industry bodies, and internal teams. Represent the company in compliance-related discussions and negotiations.
• Continuous Improvement: Stay abreast of regulatory changes and industry best practices. Continuously improve the compliance program to ensure it remains effective and up-to-date.
• Leadership: Work with the Compliance Leadership Team to set the Compliance culture, people development, and training.
• Development: Attract, retain and develop a high performing team focused on implementing the above responsibilities.
• Graduate or Bachelor's degree or progressive work experience
• 10+ years related experience
• Strong ability to maintain deadlines in instances of competing priorities
• Excellent judgment in risk management
• Effective communicator who strives for personal growth
• Proactive, result driven and focused
• Development: Attract, retain and develop a high performing team focused on implementing the above responsibilities.
• Graduate or Bachelor's degree or progressive work experience
• 10+ years related experience
• Strong ability to maintain deadlines in instances of competing priorities
• Excellent judgment in risk management
• Effective communicator who strives for personal growth
• Proactive, result driven and focused

Education & Experience:

• Significant experience in providing legal, regulatory or compliance advice to Global Markets  Businesses including Equity, Fixed Income, Prime Brokerage, Derivatives, FX and Commodities and supporting functions.   
• Strong knowledge of applicable securities laws, rules and regulations with the ability to assess firm impact. Specifically, SEC, CFTC, FINRA, NFA, FED and OCC.
• strategy development and execute effectively on a broad range of key business management activities
• Excellent oral and written communication skills.
• Ability to make, support and defend difficult and complex regulatory/compliance decisions in a fast-paced and high pressured environment.
• Ability to project confidence and professionalism in dealings with senior business personnel.
• Strong knowledge of technology infrastructure and global booking models
• Ability to work on multiple projects in a fast paced environment
• Ability to work effectively in a global environment; leveraging and sharing best practices and insights with colleagues globally;
• Familiarity with regulations and compliance strategies and risk management; possesses and demonstrates expertise in the advisory, policy, change management, project management and operations
• People leadership and management experience focused on talent development and coaching to nurture a high performing team
• Highest personal and professional integrity and standards to advance TD's vision and protect the brand
• Strong verbal and written communication skills, including public speaking/presentation skills and well developed listening and negotiation skills
• Ability to work in a fast-paced environment and manage multiple priorities
• Ability to operate in an evolving, sometimes ambiguous, matrixed environment.
• Strategic thinker; has excellent judgment, achieves the right risk/reward balance
• Demonstrates ability delivering on objectives, focuses on what matters and can work across silos to build effective working relationships
• Transparent communicator and respected TD representative, both internally and externally
• Models TD's executive leadership profile: skilled leader, high confidence, low ego, inspiring to professionals, operates through influence, motivates and developments leadership teams
• Advances TD's leadership development, colleague experience & diversity agenda
• Possesses an advanced level of financial and strategic acumen to provide insight on

Employee/Team Accountabilities:

• Effective escalation points and strong ability to implement large scale initiatives. 
• Ability to partner with many parts of the organization given many responsibilities
• Effective manager looked to as a mentor
• Ability to manage workloads appropriately among staff

Key Shared Accountabilities :

• Set "tone at the top" in support of a strong risk & compliance culture within Compliance and across the enterprise.
• With business and other Risk partners promote a strong governance & control environment with periodic assessments against industry practices
• With Risk, ensure that the Bank operates within the compliance risk appetite and that operational risk from a Compliance standpoint is being effectively mitigated, assessed, and managed.
• Keeps current on emerging risks, trends and evolving regulatory requirements for Compliance
• Builds positive, diverse, and open work environment by continually improving the efficiency, sharing deep knowledge and skills, and encouraging the team to deliver results.
• Attracts, develops, retains talent, and maintains an active talent pipeline.

Who We Are

TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we help clients meet their needs today and prepare for tomorrow. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank. We are growth-oriented, people-focused, and community-minded. As a team, we work to deliver value for our clients every day.

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.