Head, Consumer Products, Fair Lending Center of Excellence (US)

Work Location:

Cherry Hill, New Jersey, United States of America

Hours:

40

Pay Details:

$200,000 - $280,000 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:

Product Management

Job Description:

The Head, Consumer Products Lending, Fair Lending Center of Excellence, provides subject matter expertise, first line of defense support and guidance on fair lending related matters. Develops strategies, establishes and oversees implementation of the culture and practices of fair lending within the Bank, builds strong partnerships across the multiple AMCB 1B product functions and provides expert guidance to business units on Fair Lending-related laws and regulations. And will also keep abreast of developing trends and changes in regulations relating to Fair Lending, including:  ECOA, FHA, HMDA and other regulations as applicable.  This first line of defense position is responsible for the timely escalation of fair lending concerns in accordance with bank policies and procedures.

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
• Leads the day-to-day operations of the first Line of Defense Fair Lending Center of Excellence (FLCoE), which includes partnering with the consumer product business units and second line Compliance functions to provide fair lending subject matter support and aggregating risk and control activities for reporting and escalation purposes
• Develops strategies to ensure a culture of Fair Lending with in the Bank
• Establishes and oversees the implementation of protocols to ensure Fair Lending risks are understood and remediated
• Collaborates closely with Retail and Commercial LOB and second line Fair Lending advisors to help identify, assess, aggregate and report on Fair Lending compliance risks
• Collaborates with the Consumer Products business units, in order for the business units to mitigate fair lending risks across the enterprise including during the proposed change or implementation of new products, services or process changes
• Drives the development and maintenance of the first line Fair Lending compliance program and policies by understanding the regulation, analysis of regulatory changes, and various business changes
• Reviews and evaluates LOB alleged discrimination complaints no less than quarterly to assess resolution, response and trends to determine if actions or enhancements are recommended
• Reviews Fair Lending Risk Assessments, including evaluation of inherent risk as well as the sufficiency of business unit controls to detect and prevent fair lending risk
• Leads the development and updating of applicable policies and standards
• Collaborates with second line fair lending subject matter experts regarding data analyses as well as LOB testing and make practical recommendations in response to the results of such analytics and collaborate to track and implement control enhancements
• Identifies additional areas where focus may be needed. Create reports, visualization charts, maps, dashboards/scorecards, risk assessments etc. to identify trends, fair lending performance and risks enterprise wide
• Interprets and communicates results of first line fair lending quantitative analyses reports and risk assessments
• Reports and escalates fair lending risks to executive leadership, senior management, second line Fair Banking Compliance and other specific product owners as required
• Identifies training needs as warranted and ensure the LOB specific training is delivered

Education & Experience:

• Bachelor's degree required or equivalent experience
• Strong people management skills with 5+ years of demonstrated experience in leading high performing teams
• 10+ years of financial services experience with strong focus on consumer products
• Proven fair lending experience and knowledge of compliance risk management c