Monitoring / Comparative File Review Manager - Fair Banking Compliance

Work Location:

Mount Laurel, New Jersey, United States of America

Hours:

40

Pay Details:

$86,840 - $139,360 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:

Compliance

Job Description:

Department Overview:

The TD Bank Fair Banking Compliance team is seeking a skilled professional to facilitate completion of regularly scheduled monitoring activities for consumer and small business lending portfolios designed to detect potential non-compliance with Federal Fair Lending Laws and UDAAP issues. 

You will leverage your combined credit acumen and fair lending compliance expertise to:

• Identify and organize key attributes used to render credit, pricing, and line assignment decisions from business line policies and procedures and provide guidance for the structure and scope of monitoring projects, including fair lending statistical analyses. 

• Conduct fair lending comparative file reviews by analyzing groups of applicants and outcomes to determine whether similarly situated applicants were treated similarly, regardless of prohibited basis factors such as race, ethnicity, age, gender, and location.

• Escalate issues for further analysis.

• prepare reporting to demonstrate results and conclusions. 

In this role, you will have close interaction with key personnel, including senior management from our core lending business lines, and other pillars in the fair banking compliance organization including the data analytics, specialists, and complaints teams. 

Join a great team of dynamic and supportive Fair Banking Aficionados who have fun while ensuring fair banking compliance effectiveness for our Communities, Customers and Colleagues.

Background and skills that may be helpful in this role include:

• Previous experience conducting fair lending comparative file reviews

• Previous experience operating in second line of defense (i.e., oversight and challenge).

• Previous experience writing/reviewing credit policy/guidelines

• Previous experience in credit data modeling/regression analysis

• Previous experience organizing and reporting compliance/fair lending results.

• Previous experience underwriting residential lending products and/or other consumer credit products (i.e., indirect auto, cards, small business, unsecured, etc.).

Please review the preferred experience & background section below

The above details are specific to the role which is outlined in the general description below.

Job Description:

The Compliance Business Oversight Manager provides advice, support and objective guidance to assigned portfolio, business or function on development and maintenance of all aspects of Compliance/Center of Excellence programs in line with the Bank's risk philosophy and strategic direction.

Depth & Scope:

• Works independently and is accountable for managing a specialized Compliance function or area
• Provides comprehensive coverage for a significant business or functional area across all legal entities and jurisdictions where TD operates
• Provides advanced analysis and/or specialized reporting to support business partners, functional areas or centers of expertise
• Provides guidance and support to analysts on matters related to portfolio and specialty
• Typically a subject matter expert for a key functional Compliance area and business
• Contact for business management, dealing with non-routine information
• Manages/assists with regulatory reviews including inquiries, audits, and exams
• Identifies and leads problem resolution for project/program complex requirements related issues at all levels

Education & Experience:

• Undergraduate degree or equivalent work experience
• 7+ years of exp