Head of TD Auto Finance Governance & Control (US)

Work Location:

Southfield, Michigan, United States of America

Hours:

40

Pay Details:

$190,000 - $225,000 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:

Personal & Commercial Banking

Job Description:

This role oversees the primary governance, control, compliance, and data governance functions for TD Auto Finance by developing, communicating, and executing a comprehensive governance strategy aligned with the broader business strategy and objectives. This role collaborates closely with business partners to address audits, examinations, compliance requirements, and data governance initiatives, while also creating and implementing forward-thinking strategies, tactics, and programs to effectively manage regulatory, compliance, data, and governance matters.

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 Compliance, the 1A Governance & Control function, risk management, and data governance for TD Auto Finance through the development, communication and implementation of a comprehensive governance strategy aligned with the broader business strategy and objectives
• Oversees governance and control activities through the assessment of risks and recommends 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
• Ensures robust data governance practices are in place to maintain data integrity, security, and compliance with regulatory standards across all business operations
• Partners with the 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. Stays current and keeps up to date on regulatory issues affecting the business
• Supports TD's enterprise-wide risk strategies and control function requirements
• Identifies and manages issues on behalf of TD Auto Finance, collaborating with various control partners to resolve and close findings
• Fosters a strong risk-aware culture within the Auto Finance business, promoting proactive self-identification and reporting of all potential issues by all colleagues
• Drives enhancements to the control environment, including ensuring detailed process maps, identification of risk and controls, the efficient monitoring of these controls, and automation to drive efficiency
• Contributes to improved understanding of governance and control requirements, emerging trends and issues specific to Auto Finance.
• Serves 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
• Directs the department to ensure that all activities are compliant with applicable internal and external requirements (e.g. financial controls, segreg