Head of U.S. ORM Treasury and Finance

Work Location:

Mount Laurel, New Jersey

Hours:

40

Pay Details:

$160,000 - $220,000 USD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. The included salary range for this role takes into account multiple factors that are considered in making compensation decisions. The base pay actually offered may vary based upon candidate's skills and experience, job-related knowledge, licensure and certifications, geographic location, and other specific business and organizational needs. As TD puts career development at the forefront of our colleague experience, it is not typical for an individual to be hired at or near the top of the range for their role.

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:

Risk Management

Job Description:

Job Profile and Role Overview:
The Executive Head of U.S. ORM Treasury and Finance will be responsible for managing the execution of the Operational Risk Management mandate, framework, and associated programs within the Treasury and Finance departments, including the 2nd line oversight, review, and challenge of the 1st line governance, key risks and controls. This position requires expertise in financial risk management and a thorough understanding of treasury and finance business and operations.

The Executive Head of U.S. ORM Treasury and Finance acts as a senior representative of the bank's second line of defense, with the responsibility and authority to challenge the first line regarding self-assessments and the application of risk management practices, and to report independent risk and control assessments to appropriate levels of governance and escalation.

Key Accountabilities:
Oversee ORM activities for Treasury, Market Risk, Liquidity Risk, Model Risk, Interest Rate Risk, Finance (including stress testing), and Resolution & Recovery Planning (RRP). Influence the functions to develop and implement governance and comprehensive capabilities that enable adherence to the risk management framework. Collaborate with finance and treasury leaders to align risk strategies with organizational goals; monitor and report on risk exposure and effectiveness of risk management practices.

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. 
•    Responsible to ensure a strong, knowledgeable, and independent Risk Management function within the segment, and to act as a liaison between the business and Operational Risk Management.
•    Ensures an effective operational risk management framework and culture within all business lines within defined U.S. segment (e.g., Retail, Commercial & Wealth; Corp functions and Shared Services) including establishing operational risk appetite and mitigation requirements for specific exposures, compliance with operational risk policies, comprehensive risk and control assessments, key process and root cause analyses, business continuity strategies, key risk indicators, and analytics.
•    Ensures that risk identification and assessment processes are well established and understood, and that all matters relating to material risks are communicated and escalated in a timely, accurate, and forthright manner and within the established governance framework.
•    Leads management reporting and supports Board level reporting on the designated segments in operational risk management strategy, risk appetite metrics and results as measured against risk appetite including reporting on risk across multiple portfolios, product lines, major risk exposures, and decisions.
•    Provides training, tools, and support to business lines for adherence to ORM Framework policies and practices.
•    Reviews significant business activities in order to provide effective independent challenge and uphold the objectives of the U.S. ORM framework and policies, driving issue resolution, and tracking significant outstanding issues until completion.
•    Ensures that specific milestones and deliverables related to regulatory programs are met.
•    Acts as subject matter expert at U.S. TD Bank on the implementation of operational risk management programs.
•    Requires a broad managerial and deep specialized knowledge of operational risk management issues at the business, regulatory, and industry levels.
•    Represents U.S. TD Bank on the TDBG corporate initiative relating to risk assessment activities.
•    Identifies key risks and implications and provides direction in complex si