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 candidates 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:
The FCRM Model Management & Transaction Monitoring team leads the design development optimization monitoring and governance of Transaction Monitoring (TM) models supporting Financial Crime Risk this role as Associate Vice President youll lead the end-to-end model lifecyclefrom development tuning and optimization to monitoring testing documentation and ongoing enhancementsto strengthen detection effectiveness and efficiency. Youll guide model performance in line with enterprise model risk management standards methodologies and regulatory requirements while shaping the strategic roadmap for TM capabilities. Drawing on emerging AML/ATF typologies regulatory expectations and industry trends youll help strengthen detection and address monitoring coverage gaps.
Depth and Scope:
- Lead the development and management of advanced models for all Transaction Monitoring system and technology projects spanning design optimization and tuning monitoring testing and documentation.
- Own the Transaction Monitoring framework scenario selection methodology and coverage assessment process working with TD Technology to manage the end-to-end addition removal and ongoing management of scenarios.
- Recommend customer segmentation and optimization approaches for TDs monitoring system across multiple lines of business.
- Continuously benchmark TDs Transaction Monitoring capabilities against peers to assess maturity and partner with the Business Architecture team to advance those capabilities.
- Drive modelling innovation in financial crime risk management through advanced statistics and AI/ML.
- Shape the strategy for implementing Transaction Monitoring products aligning delivery with Canadian regulatory and risk priorities.
- Lead a team of FCRM professionals and data scientists in defining a clear product vision strategy and roadmap across the full development lifecyclefrom creation through version and infrastructure upgrades to decommissioning where required.
- Develop your team through talent acquisition clear goals employee development performance management and compensation decisions while fostering teamwork and addressing disciplinary matters as required.
- Work closely with your US counterpart to develop and maintain a common Transaction Monitoring strategy solutions and processes.
- Bring together stakeholders including FCRM Oversight teams FCI and Model Validation to lead Transaction Monitoring changes and overcome implementation barriers.
- Collaborate with the Governance team which owns governance of the Transaction Monitoring (TM) Coverage Map.
- Influence the Transaction Monitoring roadmap and recommend ways to optimize FCRM data across all monitoring systems.
Education and Experience:
- Undergraduate degree required; advanced degree preferred.
- 15 years of relevant AML and risk modelling experience and/or management experience within a risk function.
- Significant exposure to common Transaction Monitoring systems including Actimize SAS and Oracle.
- Experience developing documentation that meets the highest regulatory standards and audit requirements.
- Extensive knowledge of AML regulations risks and appropriate controls.
- Deep understanding of Transaction Monitoring products including SAS Actimize Oracle and BAE and their implementation within TD or peer organizations.
- Knowledge of financial crime red flags and typologies in the US and Canada.
- Strong understanding of key risk management concepts including inherent risk controls and residual risk.
- A logical creative approach to problem-solving grounded in sound professional judgement quality control and high standards.
- Proven research and analytical skills.
- Business acumen.
- A strategic mindset and creative thinking.
- Project leadership skills.
- Strong communication skillsfrom active listening to clear writing verbal communication and presentations.
- Robust stakeholder management skills and the ability to build connections and partnerships across all levels of the organization.
Who We Are:
TD is one of the worlds 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 95000 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:
Were delighted that youre considering building a career with TD. Through regular development conversations training programs and a competitive benefits plan were 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.
Colleague Development
If youre interested in a specific career path or are looking to build certain skills we want to help you succeed. Youll have regular career development and performance conversations with your manager as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.
If youre passionate about helping clients and building deep lasting relationships TD offers diverse career paths where you can grow your expertise and make a meaningful impact.
Were committed to your success and foster a respectful workplace where diverse perspectives are valued everyone has fair opportunities to grow and you can unlock your full potential to achieve your career goals. Here at TD we hire and develop the best.
Training & Onboarding
We will provide training and onboarding sessions to ensure that youve got everything you need to succeed in your new role.
Interview Process
Well reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.
Accommodation
Your accessibility is important to us. Please let us know if youd like accommodations (including accessible meeting rooms captioning for virtual interviews etc.) to help us remove barriers so that you can participate throughout the interview process.
We look forward to hearing from you!
Language Requirement (Quebec only):
Sans Objet
📌 AVP, FCRM, Model Management and Transaction Monitoring, Canada (Toronto)
🏢 TD Bank
📍 Toronto
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