Senior FCRM Testing Analyst

Work Location:

Mount Laurel, New Jersey, United States of America

Hours:

40

Pay Details:

$68,640 - $112,320 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:

Financial Crime Risk Management

Job Description:

Department Overview:

Roles in the second line of defense Financial Crime Risk Management Testing team (FCRM) are responsible for maintaining a dynamic, risk-based, independent testing process to periodically review the design and operating effectiveness of key business and function processes and controls to identify potential risks, assess weaknesses and gaps with TD's policies, procedures, and expectations or non-compliance with key laws and regulatory requirements. Testing teams implement consistent and standardized testing methodology to evaluate the effectiveness of processes and controls in place and identify issues of varying severity levels. The Testing Team staff are objective and independent of FCRM Program execution activities and are responsible for developing and executing an Annual Test Plan that is comprised of mandatory and risk-based testing of financial crime risks owned by the first and second lines of defense.

The Financial Crime Risk Management Testing team is responsible for testing all Bank programs that aim to facilitate compliance with anti-money laundering, anti-terrorist financing, anti-bribery and corruption, and sanctions laws and regulations. Key areas of coverage within these programs include, but are not limited to the following activities and controls:

- Policy & Governance / Training

- Risk Assessment Framework

- Know Your Customer (KYC) / Customer Identification Program (CIP)

- Screening (e.g., Sanctions, PEP, CRB, etc.)

- Transaction Monitoring

- Alert Review & Investigations

- Reporting

- Data & Technology

- Program Management

The Testing team is responsible for the identification of issues and the risk owner is responsible for the remediation of issues identified in-line with Bank standards. The Testing team advises on the appropriateness of remedial actions taken and reviews for appropriate closure of the issue after remediation and validation activities. The business or function is also responsible for managing their risks and actions in the system and tracking the closure of the remedial actions in collaboration with FCRM.

Jobs in this family are considered professionals that require an understanding of Testing methodology, Financial Crime Risk Management, related TD policies and procedures; TD businesses/functions and their products and services, business processes and controls; and relevant laws and regulations (e.g., BSA, US PATRIOT ACT, 2020 AMLA). Formal education and specialized knowledge, and/or relevant experience is required.

Job Description Summary:

The Senior FCRM Testing Analyst executes independent testing of FCRM controls / systems for assigned businesses, and operational units across the Bank to evaluate the effectiveness of these controls in covering associated risk.

This role is capable of independently executing and having responsibility for various activities (e.g., test plan development, executing test steps) throughout the testing lifecycle within agreed timelines.

The Senior FCRM Testing Analyst executes independent testing of FCRM controls / systems for assigned businesses, and operational units across the Bank to evaluate the effectiveness of these controls in covering associated risk. 

This role is capable of independently executing and having responsibility for various activities (e.g., test plan development, executing test steps) throughout the testing lifecycle within agreed timelines.

Depth & Scope:

• Works Independently as a subject matter expert regarding assigned testing areas and objectives, including related regulatory requirements
• Develops testing documentation and results reporting in-line with testing requirements
• Understands the use of controls for managing financial crimes r