Avp, Aml, Enhanced Due Diligence and Specialized - Toronto, Canada - TD Bank

TD Bank

Verified Company

Toronto, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

AVP, AML, Enhanced Due Diligence and Specialized Investigations, CAN:

BR

Job Category - Primary

Anti-Money Laundering / Compliance & Regulatory Relations

Work Location

TD Centre
South 79 Wellington Street West

Employment Type

Regular

City

Toronto

Time Type

Full Time

Province/State

Ontario

Hours

37.5

Workplace Model

Hybrid

Pay Details

Job Details

The AVP of Canada Enhanced Due Diligence & Specialized Investigations (EDD&SI) provides strategic direction, leadership, and oversight to the Canada EDD&SI, and is responsible for the implementation and execution of processes related to: 1) High risk customer rating/ determination. 2) Politically Exposed Persons (PEPs) identification and classification. 3) Enhanced due diligence on potential highrisk customers, including PEPs. 4) Initial and periodic reviews of highrisk customers, including PEPs. 5) Special & Subpoena (314a and 314b) requests and investigations. 6) Other investigative/assessment processes that may be assigned to the Canada EDD&SI function from time to time.

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
Oversees the daytoday activities and personnel within the Canada EDD&SI teams in various locations
Develops, maintains, and reviews the Canada EDD&SI's policies, programs, and procedures to ensure compliance with applicable legal, regulatory, and internal requirements
Ensures that all EDD&SI investigations and operations work is completed in a timely and efficient manner, while maintaining the highest standards for regulatory and compliance requirements
Oversees the review and approval of EDD&SI cases that resulted in or from specific money laundering and/or terrorist financing concerns
Ensures that EDD&SI reports are clear, thorough, and logically organized summarizing all pertinent intelligence analysis
Responsible for escalating and reporting suspicious activity pursuant to regulatory obligations
Ensures that reports and regulatory submissions are written appropriately and maintains the highest standards for regulatory and compliance reporting requirements
Acts as the center of expertise in the Canada for the AML regulatory requirements related to client risk rating/determination and PEP identification and classification, enhanced due diligence, transaction monitoring and regulatory reporting obligations
Interacts with the other senior members of Global AML concerning EDD&SI issues, and provides leadership and direction in the development of enterprise and Canada strategy, policies, and projects
Communicates with stakeholders with other areas in the Bank regarding due diligence and other requests for information
Liaises with internal audit and Enterprise Testing during reviews of EDD&SI functions
Reviews internal audit, Enterprise testing, and regulatory examination results, and takes corrective action as necessary
Serves as a TD's representative on Canada EDD&SI and other AML/ATF matters before Canada regulators
Maintains indepth knowledge of Canada AML regulations, particularly those relating to, KYC, customer risk rating, PEP determination, enhanced due diligence, and AML regulatory reporting
Monitors AML industry developments, including red flags and best practices, and maintains advanced knowledge of new and amended laws and regulations impacting the EDD&SI, and ensures processes are in place to keep the Canada EDD&SI team updated on such developments
Successfully completes all required online and any applicable specialized training and ensures staff completes all required online and applicable specialized training
Contributes to a positive, ethical, and respectful working environment and communicates openly with others; Models company culture both, internally and externally

Job Requirements

Education & Experience

Bachelor's Degree required
10+ years of dedicated AML experience with particular focus on KYC, enhanced due diligence, and investigations
7+ years' experience in team managerial role
Strong project management, analytical, problem resolution and consensus building skills
Strong customer service orientation and a professional approach
Ability to interact with all levels within the organization
Proven excellence in communication skills, both written and verbal and work closely with internal partners on communication strategies
Excellent planning and organizational skills
Ability to align Canada EDD&SI program goals and benefits with longterm goals of the organization
Strong negotiation and influencing abilities
Strategic thinker; able to think conceptually
Have a high degree of attention to detail
Proven ability to develop productive business relationships with internal a