Work Location:
Toronto, Ontario, CanadaHours:
37.5Line of Business:
Risk ManagementPay Details:
$145,000 - $200,000 CADTD 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:
TD's Enterprise Recovery and Resolution Planning (RRP) Office manages the financial crisis management program lifecycle.
The RRP Office works with internal partners in key business lines and corporate areas, as well as with TD's prudential regulators, to ensure that TD is operationally ready to deal with a severe financial crisis.
The RRP Office is responsible for:
- Maintaining the enterprise recovery and resolution policy which governs financial crisis management for the Bank
- Preparing the enterprise recovery and resolution planning strategy and drafting the plan
- Designing and executing the enterprise recovery and resolution plan testing program
- Coordinating the crisis governance activities globally and integrating the subsidiary recovery plans with the parent plan
Individual Accountabilities
- Lead for Enterprise RRP Plan Execution and Strategy: (Canadian regulators).
- Oversight & accountability for Enterprise Resolution and Recovery Plan(s) ensuring they are complete, comprehensive and in compliance with regulatory requirements/expectations.
- Responsible for the development & maturation of crisis management protocols in alignment with regulatory requirements and industry standards; support financial crisis governance routines.
- Responsible for the review of the Bank's resolution strategy, including, the maintenance and analysis of the Bank's critical functions, material legal entities, and critical shared services.
- Oversight & accountability for the Bank's crisis preparedness to ensure operational continuity in stress events by working with workstreams to support internal/external communication, maintaining sufficient human resources to implement strategies, and capabilities to produce data/management information.
- Responsible for the development and enhancement of capabilities (people, processes, technology) to support the Canadian Deposit Insurance Corporation (CDIC) in executing bail-in conversion, including identifying the implications of securities law and securities exchange requirements in a bail-in. Owner of the various Bail-in Execution playbooks along with Legal.
- Coordinates with Treasury in the development of capital and liquidity recovery options and capabilities to manage financial stress. This includes demonstrating the Bank can meet both liquidity and capital needs across material entities in stress and the ability to execute funding options in stress via appropriate people, process, and technology.
- Annually prepare the CDIC Work plan which captures activities for resolution plan maintenance, validation, and testing to continually improve the Bank's resolution preparedness.
- Oversee subsidiary integration assessments for various plans across enterprise, providing substantive challenge and review.
- Accountable for development and maintenance of process and controls for Laws, Rules, and Regulations for Canada RRP.
- Leads plan production process including production calendars, preparing committee materials, working with line of defense partners.
- Lead Road-to-Strong assessment and enhancements.
- Lead material change process for both recovery & resolution processes to ensure the currency of the Plans.
- Talent management/people development (acquisition/retention/succession)
Skills, Education & Experience
- Post secondary education, preferably in law or business (or equivalent experience).
- For candidates with a business background, an accounting designation (eg. CA), Certified Financial Analyst (CFA) or equivalent is an asset.
- 7+ years of experience in financial contingency planning, liquidity/capital management, stress testing, regulatory, risk, legal or compliance organizations in a financial institution.
- 5+ years of experience coordinating Recovery and Resolution Plans or other similar large-scale regulatory submissions.
- 3+ years of experience with governance including policies/procedures/controls, preparing materials for internal and external audiences, and coordinating updates for large regulatory submissions (including production calendars and status reports).
- Knowledge and understanding of regulatory requirements issued by OSFI and CDIC that relate to financial stress preparedness.
- Experience implementing programs to satisfy regulatory requirements, including working with stakeholders to understand the requirements and complete impact assessments.
- Demonstrated history of exceptional leadership. Able to motivate and support teams and contributors in their thinking and delivery of work product.
- Able to effectively communicate in writing and verbally to internal and external stakeholders, including regulators, board members, SET members and colleagues.
- Experience working across a matrixed organization with multiple stakeholders to achieve a common result.
- Excellent analytical, risk assessment and investigative skills.
- Demonstrated ability to take initiative and identify more efficient ways to execute.
- Demonstrated ability to see the big picture, make connections and anticipate consequences and outcomes of actions and decisions; must be forward looking.
- Must be comfortable working in a fast-paced, evolving and dynamic environment with changing and competing priorities.
- Can review and quickly absorb large volume of information and adjust and convey key messages to various stakeholders. This will include financial information and data.
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 deliver legendary customer experiences to 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 the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.
TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you've got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we're here to support you towards your goals. As an organization, we keep growing – and so will you.
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.
Colleague Development
If you're interested in a specific career path or are looking to build certain skills, we want to help you succeed. You'll 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. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we're committed to helping you identify opportunities that support your goals.
Training & Onboarding
We will provide training and onboarding sessions to ensure that you've got everything you need to succeed in your new role.
Interview Process
We'll 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 you'd 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