Associate Vice President, Canadian Financial - Toronto, Canada - TD Bank

TD Bank
TD Bank
Verified Company
Toronto, Canada

2 weeks ago

Sophia Lee

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Sophia Lee

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Description

Associate Vice President, Canadian Financial Intelligence Unit (FIU):


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, Canadian Financial Intelligence Unit (FIU) provides strategic direction, leadership and oversight to the U.S.
FIU, and is responsible for the implementation and execution of processes related to: 1) AML transaction monitoring, including the assessment and disposition of transaction monitoring alerts. 2) Investigations escalated from transaction monitoring, 3) Submission of suspicious transaction reports (SARs) as required by applicable regulations. 5) Sanctions escalations from name and payment screening.

5) Customer exits related to AML Risk
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 Canadian FIU teams in various locations
  • Develops, maintains and reviews the FIU's policies, programs and procedures to ensure compliance with applicable legal, regulatory and internal requirements
  • Ensures that all FIU 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 FIU cases that resulted in or from specific money laundering and/or terrorist financing concerns
  • Ensures that FIU 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
  • Interacts with the other senior members of Global AML concerning FIU issues, and provides leadership and direction in the development of enterprise and Canadian strategy, policies, and projects
  • Communicates with stakeholders from other areas of the Bank, regarding transaction monitoring investigations and other requests for information
  • Liaises with internal audit and GAML Enterprise Testing during reviews of FIU functions
  • Reviews internal audit, GAML Enterprise Testing and regulatory examination results, and takes corrective action as necessary
  • Serves as a TD's representative on Canadian FIU and other AML/ATF matters before Canadian regulators
  • Maintains indepth knowledge of Canadian AML regulations, particularly those relating to AML transaction monitoring, investigations, 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 FIU, and ensures processes are in place to keep the Canadian FIU 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 transaction monitoring 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 Canadian FIU 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 and external partners
  • Organized with proven ability to execute with excellence in a fastpaced environment
  • Demonstrated ability to work independently and with mínimal supervision to identify issues and meet deadlines
  • Certified Anti-Money Laundering Specialist (CAMS) credential is a plus

Company Overview

Our Values
At TD we're guided by our purpose is to enrich the lives of our customers, commun
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