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.
Job Description:
Individual Role Accountabilities
- Responsible for updating, extending and championing the Enterprise Model Risk Policy and Model Risk Framework in the Bank.
- Oversee the ongoing review of the Model Risk Management Framework, Policy, Procedures, Standards and Templates, striving to identify opportunities to enhance stakeholder's value from a Model Risk Management perspective.
- Oversee operations of Enterprise Model Inventory System and provide guidance to resolve issues as they arise. Lead strategic initiatives with the goal of creating a more advanced and operationally efficient Enterprise Model Inventory System.
- Oversee the production of periodic reporting to Senior Management, the Board and Regulators, both in Canada and the US, as it relates to the model risk profile of the bank and the level of adherence of business units to the Model Risk Policy.
- Establish and oversee the design and execution of North American QA/QC processes.
- Support internal and external supervisory examinations and compliance exercises both in Canada and the US.
- Oversee the development and execution of MRM training programs for business units.
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- Establish and oversee the execution of robust controls across the model lifecycle.
- Maintain professional knowledge of techniques and development in the field of model risk management. Share this knowledge with business partners and senior management. Provide subject matter expertise on model risk management.
- Interact frequently with senior management and occasionally with external regulators, consultants and industry peers.
- Represent the interests of the Bank in external organizations and industry associations.
- Effectively build and maintain working relationships with key model stakeholders in the bank's business units.
- Establish an environment that promotes respect for individual employee and adheres to the policies and guidelines of the Bank.
- Direct, train and develop staff to enable them to meet challenges, department objectives and achieve their full potential.
- Initiate actions to further improve your own and the team’s skills and performance. Continuously look for opportunities for professional development.
- Understand and comply with TD Policies, regulatory and compliance requirements.
- Demonstrate TD’s Leadership Profile in all professional and personal activities.
- Carry out regular and proactive resource planning to ensure the team is positioned to deliver against its mandate in the future. Identify and mitigate instances of key person risk.
- Create and maintain an environment conducive to the timely identification and escalation of issues.
Shared Responsibilities
- Approve policy exceptions per authority defined in MRM policy/procedures
- Develop and maintain working relationships with various business units.
- Represent the interests of the Bank in external organizations and industry associations.
- Support institutionalization of model risk and control principles throughout TD; ensure consistency across enterprise MRM standards
- Develop and maintain an environment that promotes respect for individual employee and adheres to the policies and guidelines of the Bank.
- Lead efforts to identify and hire new talent for Model Risk Management
- Foster appropriate Risk Culture
Skills, Education & Experience
- In-depth knowledge of Model Risk Governance and industry best practices.
- Working knowledge of key Model Risk Management regulation (e.g. SR26-2, E-23). Must have a deep understanding of all relevant model risk management regulatory requirements/expectations, and be skilled / experienced in dealing with regulators.
- Extensive relevant working experience in Model Risk Management (e.g., Model Governance, Model Risk Audit, Model Validation, etc.), or closely related field, in a large bank, consulting firm or regulator.
- Strategic Thinking – motivated to continuously find ways to enhance capabilities, processes and to strive to do things better
- Impact and Influence – proven leadership and ability to effectively collaborate, manage stakeholders and impact and influence others
- People Leadership – managing and motivating a diverse group of professionals with demonstrated experience in leading high performing teams
- Organizational Awareness – knowledge in how to engage the organization to get things done and speed in decision-making
- Relationship Building – manage relationships with key internal and external stakeholders
- Excellent written and verbal communication skills coupled with the ability to reach consensus among large number of stakeholders. Must have strong collaboration and influencing skills.
- Proven ability to educate and communicate complex concepts to non-technical audiences, business leaders and other stakeholders who do not necessarily have technical expertise in model risk management.
- Natural project management skills and ability to deliver against deadlines with minimal direction and competing priorities.
- Proven ability to deliver on time sensitive, complex projects that require interaction with multiple stakeholders.
- Proven track record of promoting a positive and high performing work environment.
Who We Are:
TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we strive to make every interaction, product, and experience remarkably human and refreshingly simple for over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to foster deeper relationships, ensure disciplined execution, and build a simpler, faster banking experience. TD is deeply committed to being a leader in client experience, that is why we believe that all colleagues, no matter where they work, are client facing. Together, we are reimagining what banking can be for our clients, colleagues and communities.
Our Total Rewards Package Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more
Additional Information:
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.
Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.
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