Head of Residential Lending Controls Management (US)

Work Location:

Mount Laurel, New Jersey, United States of America

Hours:

40

Pay Details:

$225,000 - $250,000 USD

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Line of Business:

Personal & Commercial Banking

Job Description:

The Head of Residential Lending (RESL) Controls Management leads the 1A governance & control function for RESL through the development, communication and implementation of a governance strategy for the business in support of the overall business strategy. Partners with the business to respond to audits and exams and also develops and implements proactive strategies, tactics and programs to effectively manage regulatory and governance issues.

Responsibilities:

- 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

- Leads the 1a Governance & Control function for the US RESL organization through the development, communication and implementation of a governance strategy for the business in support of the overall business strategy

- Oversees Governance & Control activities, through the assessment of risks and recommend changes based on business information from the various control function partners, including Risk Management, Compliance, Legal, Vendor Management, AML, Regulatory, Audit and lines of business

- Works with business to respond to audits and exams, develop and implement proactive strategies, tactics and programs to effectively manage regulatory and governance issues

- Maintains a culture of risk management and control, supported by effective processes, sound infrastructure and in alignment with risk appetite

- Assesses the effectiveness of the business governance and control programs, including conducting research to determine best practices

- Represents the business on Risk Management, Compliance, AML Vendor Management, Regulatory and Audit related initiatives.

- Keeps up to date on regulatory issues affecting the governance and control of the business

- Supports TD's enterprise-wide risk strategies and control function requirements

- Identifies and manages issues on behalf of RESL, collaborating with LOBs and various control partners to resolve and close findings

- Drives enhancements to the control environment, including ensuring fulsome process maps, identification of risk and controls and the efficient monitoring of these controls (e.g., drive greater automation)

- Contributes to improved understanding of governance and control requirements, emerging trends and issues specific to the business unit

- Acts as the business representative for all audits to ensure they are executed and completed in accordance with established standards and within prescribed time, budget and scope parameters

- Leads, implements, and/or conducts due diligence process reviews for potential areas of risk to ensure the business is always prepared for internal and external audit reviews

- Provides insight or guidance to the executive leadership team to help inform or support decisions as appropriate

- Provides functional and business-level communications to ensure messages to stakeholders and/or employees are consistent, appropriate and aligned to business strategies and executive management direction

- Responsible for management of the overall team(s) providing both leadership and guidance

Education & Experience:

- Bachelor's degree preferred
- 10+ years of related experience
- In-depth knowledge of relevant banking and regulatory rules and policies, specifically in Residential Lending
- Significant experience with regulators and audit partners across a multi-disciplined business division
- Strong business acumen and analytical capabilities with the ability to consolidate information into clear, concise analysis in support of business decisions
- Forward thinking and strategic thinking capabilities in ord