Head of Aml Testing - Mount Laurel, United States - TD Bank

TD Bank

Verified Company

Mount Laurel, United States

1 week ago

Posted by:

Mark Lane

beBee recruiter

Description

Work Location:
Mount Laurel, New Jersey

Hours:
40

Pay Details:
200, ,000 USD

Line of Business:
Anti Money Laundering

Job Description:

The Head AML Testing and Quality Control (QC) will lead Testing and QC teams and the strategic approach of both the Testing and QA/QC programs, including managing execution of run the bank processes and facilitating global change the bank activities.

This role will have numerous direct and indirect reports.

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
Supervises direct and indirect teams of Testing and QA/QC professionals with coverage of financial crime compliance testing and QA/QC reviews
Oversees the development, implementation, and execution of riskbased compliance testing to review and assess the design adequacy and operational effectiveness of the Firm's financial crimes procedures, processes, and controls
Ensures staff receive appropriate training and development, assists in developing training plans and provides coaching where necessary
Communicates test results, presents identified issues to the business, operations, and AML management, and works with the business and other stakeholders to develop corrective action plans to remediate findings
Reports testing results to coverage areas and identifies training needs, policy/procedure revisions, and standardization of processes
Coordinates with other professionals in the organization, including AML Advisory teams, other Compliance Monitoring, and Testing Groups and Internal Audit
Remains current on industry rules, regulations, and best practices to help ensure that the Testing and QA/QC programs meet regulatory standards
Actively pursues effective and efficient operations of their respective areas in accordance with TD Bank's Values, its Code of Conduct, and the Global Sales Principles, while ensuring the adequacy, adherence to, and effectiveness of daytoday business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk

Education & Experience:

Bachelor's or master's degree strongly preferred
10+ years' experience and currently leading testing, QA, or audit teams
Financial crimes compliance experience in the financial services industry
Experience industry with respect to processes/controls to evaluate Financial Crimes risk
Experience in managing / leading high performing staff
Detailoriented and organized with the ability to maintain attention to detail
Strong analytical & critical reasoning skills
Proficient in MS Office
Excellent written and oral communication skills
Creative problemsolver with high level of learning agility and initiative
CAMS certification be certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license or certification within 15 months of hire
Strong leadership qualities with the ability to assess and develop individual skills of team members by providing timely constructive feedback
Excellent interpersonal skills and ability to work effectively with colleagues across regions and Business Units
Ability to manage multiple priorities and tasks with the skills to adapt to changes in a fastpaced environment

Customer Accountabilities:

Develops, communicates, and implements a holistic governance and control strategy for own specific business function in support of and integrated with the overall business strategy
Manages and plans activities that require alignment across multiple areas
Leads the implementation of regulatory change management and provides guidance to the team in the development and/or integrated implementation of policies/procedures/changes across multiple business/functional areas
Leads partnership with management and respective teams for area of specialization with industry, enterprise, and business awareness, recognizing and anticipating emerging trends, identifying issues/opportunities, and recommending actions to senior management
Ensures all administration, control, and compliance activities are complete and accurate to meet targets for own area
Ensures an integrated and aggregated view of all related business risk and control activities across the overall function providing escalations, recommendations, and decision support to leadership
Forecasts programs/initiatives and demand, and coordinates prioritization of the portfolio/initiatives with key stakeholders
Provides functional/business level communications to ensure messages to stakeholders and/or employees are consistent, appropriate, and aligned to business risk strategies and executive management direction
Provides direction to complex, wide ranging enterprise or crossfunction/business projects as a SME and participates in designing, testing, and impl