Head of Wealth Remediation (US)

Work Location:
New York, New York, United States of America

Hours:
40

Pay Details:
$200,000 - $280,000 USD

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.

Line of Business:
TD Wealth
Job Description:

The Head of Wealth Remediation is responsible for expanding and managing regulatory oversight program for the first line of defense in Wealth by partnering with U.S. Wealth Senior Leadership Team, Federated Partners (Compliance, Legal), and AMCB Consumer Bank teams to ensure that all regulatory, compliance, audit, and self-ID findings are remediated and customer and colleague impacts related to new and updated processes are understood and supported.

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
• Drives timely, effective, and efficient resolution of regulatory, audit, compliance, and self ID findings
• Actively identifies opportunities to uplift processes and procedures and increase efficiency / streamline processes while ensuring processes are controlled and meet regulatory requirements
• Leads funding alignment/strategy to ensure MRA remediation activities can be delivered and executed
• Supports Internal Audit findings to ensure remediation plan is adequate and layered into regulatory responses as necessary
• Works with business unit management/partners to develop and implement proactive strategies, tactics, and programs to effectively manage regulatory and governance issues
• Provides the business leadership team with information required to ensure adherence to internal policies/procedures and applicable regulatory guidelines, ensures activities are within TDs risk appetite and risk management policies, escalates as required
• Leads and conducts due diligence process reviews for potential areas of risk to ensure the business is prepared for internal and external audit reviews
• MRA Remediations - ensures and confirms testing is performed to demonstrate enhancements are working
  Leads a team of operational control & process design experts to build and deliver remediation plans/Operates and collaborates cross functionally to implement remediation plans
• Delivers executive updates related to ongoing regulatory remediation and corporate audit findings
• Keeps abreast of emerging issues and trends from key regulatory bodies including FINRA, SEC, OCC
• Partners with Senior Executives across Consumer Distribution & AMCB to deliver thought leadership and guidance on regulatory risk mitigation

• Bachelor's degree and progressive work experience
• 10+ years of experience with a proven track record in a high-level management role within wealth management or private banking
• FINRA Series 7, 24, and 66 (or equivalent - Series 9, 10)
• Must have extensive Wealth Management leadership experience
• Extensive understanding of current compliance and regulatory issues (OCC, SEC, FINRA, and State Securities Regulators)
• In-depth knowledge of OCC, RIA and B/D Operations, investment products, trust
• Must be able to delegate activities and responsibilities, projects and tasks to ensure proper resourcing
• Must possess ability to think strategically as well as tactically
• Strong leadership and management skills with a track record of successfully managing cross-functional teams and large-scale projects
• Exceptional communication and interpersonal abilities for top-tier client interaction and relationship management.
• Deep understanding of regulatory compliance and risk management in the finance industry
• Strong technology acumen, comfortable with IT systems that support wealth management operations
• Prior engagement with regulators (e.g., FINRA, SEC, OCC)
• Exceptional problem solving and analytical skills (issue identification, problem structuring, process redesign, analysis, development of actional recommendations) and conceptual thinking abilities
• Strong understanding of and experience in implementing large scale and complex programs/projects; proven ability to work effectively with teams and individuals
• Excellent communication skills, both written and verbal
• Advanced facilitation and influence management skills
• Able to work in an unstructured and fast paced environment

• This position is with a FINRA member, broker and/or dealer and is subject to the requirements of FINRA and Securities Laws. May (or may not) be a registered position under FINRA.
• Must be eligible for employment under standards established by FINRA. Subject to the investigation and verification requirements of FINRA Rule 3110(e), including: the Firm's obligation to investigate the good character, business reputation, qualifications and experience of an applicant for registration before applying to register the applicant with FINRA and filing the applicant's Form U4 with the CRD, and before representing on the applicant's Form U4 that it has conducted this investigation and verified the accuracy and completeness of the information contained in the applicant's Form U4; and the Firm's obligation to verify the accuracy and completeness of the information contained on the applicant's Form U4, no later than 30 calendar days after the Form U4 is filed with FINRA.
• Satisfactory results on a criminal background check, credit report check, civil litigation search, and regulatory agency or self-regulatory organization enforcement action search, and statements/certification from job applicant regarding administrative, civil, and/or criminal findings by any government agency/authority or self-regulatory organization, are required by federal law for this position.

• Domestic Travel - Occasional
• International Travel - Occasional
• Performing sedentary work - Continuous
• Performing multiple tasks - Continuous
• Operating standard office equipment - Continuous
• Responding quickly to sounds - Occasional
• Sitting - Continuous
• Standing - Occasional
• Walking - Occasional
• Moving safely in confined spaces - Occasional
• Lifting/Carrying (under 25 lbs.) - Occasional
• Lifting/Carrying (over 25 lbs.) - Never
• Squatting - Occasional
• Bending - Occasional
• Kneeling - Never
• Crawling - Never
• Climbing - Never
• Reaching overhead - Never
• Reaching forward - Occasional
• Pushing - Never
• Pulling - Never
• Twisting - Never
• Concentrating for long periods of time - Continuous
• Applying common sense to deal with problems involving standardized situations - Continuous
• Reading, writing and comprehending instructions - Continuous
• Adding, subtracting, multiplying and dividing - Continuous