Manager, Aml Advisory - Toronto, Canada - TD Bank

TD Bank
TD Bank
Verified Company
Toronto, Canada

1 month ago

Sophia Lee

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Sophia Lee

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Description

Manager, AML Advisory:


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

Department Overview


At TD Global Anti-Money Laundering, we're committed to detect and deter anyone from using TD products or services for money laundering and terrorist financing activity.

Our dedication is upheld and deployed through four key team functions - Policy, Testing, Advisory and Operations - that together build our Global Anti-Money Laundering (GAML) Program and professional community.

Anti-Money Laundering (AML) Advisory is the team that acts as the primary contact providing counsel on AML and anti-terrorist financing policies and standards.

AML Advisory ensures that program activities align with TD's risk philosophy and strategic direction.


The Global Transaction Banking (GTB) AML Advisory team, which is part of TD Securities (TDS) Wholesale Banking AML Advisory, is responsible for providing AML and Sanctions advisory support and oversight for Correspondent Banking, Trade Finance, Corporate Cash Management and Export Agency Finance business lines within Global Transaction Banking in TDS.


Job Details


The Manager, AML Advisory oversees responsibility for the maintaining of AML/ATF (Anti-Terrorist Financing)/Sanctions/ABAC (Anti-Bribery/Anti-Corruption) compliance programs for TD businesses and legal entities across the Bank, including full coverage for global TD businesses where applicable.

This role manages all high-risk initiatives and critical issues.

In addition, you will:

  • Proactively advise the business of new and changed AML regulatory and/or policy changes and articulate the impact to their processes and controls
  • Contribute to the development and implementation of AML Compliance programs related to all aspects of AML and ATF laws
  • Work with senior business unit management/partners to develop proactive strategies, tactics, policies and programs to effectively manage regulatory / compliance issues
  • Keep current on emerging issues, trends, and evolving regulatory requirements and assess potential impacts
  • Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite
  • Manage and prioritize multiple projects at a given time

Specific responsibilities include:

  • Provide oversight to programs for an assigned portfolio of complex and dynamic TDS businesses and legal entities;
  • Provide AML and sanctions advice to GTB Front Office and Operations teams on transaction escalations, new products, complex clients and/or transactions, changes to AML and sanctions processes/controls and business initiatives and projects with AML or sanctions impact;
  • Manage and oversee the quarterly review of payment reports to identify and followup on travel rule exceptions;
  • Responsible for development and delivery of specialized AML and sanctions training for Correspondent Banking and Trade Finance businesses;
  • Review Requests for Information (RFIs) to be sent to Correspondent Banking clients, based on findings from payment reviews and/or ad hoc investigations and assess RFI responses;
  • Prepare the AML/KYC and sanctions questionnaires or inquiries from Correspondent Banking clients;
  • Review Trade Finance irregular transaction escalations to ensure they are actioned appropriately;
  • Review the enhanced due diligence and transaction monitoring escalations to the TDS AML Advisory Team;
  • Participate as an AML SME in projects and initiatives led by the business and/or Global AML;
  • Develop and generate MI/BI reports to analyze Correspondent Banking and Trade Finance activity to provide monthly and quarterly reports to senior executives;
  • Review complex payment analysis on Correspondent Banking clients on incoming SWIFT payments
  • Lead Enterprisewide annual risk assessment process for GTB
  • Provide direct support for any inquiries and interviews from internal audit examinations or/and regulatory examinations
  • Undertake periodic update of internal team procedures
  • Perform periodic monitoring and reporting on effectiveness of AML/ATF controls

Job Requirements

  • University degree/college diploma or equivalent
- years of relevant experience

  • Advanced knowledge of variety of wholesale banking products, services, systems, standards, procedures, laws, rules and regulations, preferably in Correspondent Banking, Trade Finance and Payments
  • Familiar with the capability of analytical software tools, data analysis methods and reporting techniques
  • Ability to establish goals and objectives that support the strategic plan while leading, planning, implementing and evaluating program/project activities to ensure completion
  • Ability to work collaboratively and build relationships across
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