• Head of US Sanctions & Abac (US)

    TD Bank (New York, NY)


    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:

    Financial Crime Risk Management

    Job Description:

    The Head of US Sanctions & ABAC provides expert regulatory advice and counsel for business lines and sanctions screening payment reviews; conducts expert reviews of escalated payment for blocking, rejecting, and reporting to OFAC; manage ABAC program in the US.

    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

    + Manages team responsible for OFAC compliance, including regulatory advice and counsel for business lines and sanctions screening payment reviews

    + Manages team responsible for ABAC (Anti-Bribery and Anti-Corruption) compliance with U.S. laws and regulations

    + Develops and maintains an OFAC compliance program in accordance with regulatory requirements

    + Supports OFAC and ABAC risk assessments to identify and mitigate compliance risks

    + Supports sanctions screening processes and control

    + Provides training to employees on OFAC sanctions regulations and requirements

    + Responds to inquiries from internal and external stakeholders regarding sanctions compliance

    + Prepares and submits reports to senior management and regulatory agencies as required

    + Engages with regulators on OFAC matters

    + Stays current on OFAC regulations and sanctions laws to ensure compliance. Analyzes and responds to anti-bribery/anti-corruption (ABAC) escalations

    + Prepares simple procedures and guidance for employees/stakeholders

    + Supports the development and roll-out of anti-corruption compliance training. Delivers targeted training on anti-corruption as required

    + Generates and maintains appropriate records and metrics for the anti-corruption compliance program, including reporting KPIs and tracking remediation and enhancements to compliance program

    + Supports various Compliance and Investigations activities, including projects to improve compliance program

    + Collaborates with subject matter experts to implement and oversee vital internal controls and processes

    + Handles OFAC issues arising from the FCRM transaction monitoring system, and maintains the bank’s OFAC Policies and Procedures

    + Responsible for OFAC Lists updates ensuring appropriate dissemination and testing of the bank’s systems

    + Monitors OFAC for updates and create and disseminate OFAC bulletins to the firm’s business lines and ensures appropriate compliance response to any changes to OFAC requirements or new sanctioned parties

    + Develops categories of appropriate Management Information regarding the OFAC Program, and ensures completion of same for Senior Compliance and Business Management

    + Assists in providing responses to audit findings and examination for OFAC related matters and other regulatory matters

    + Raises or escalates all serious OFAC compliance issues

    Education & Experience:

    + Bachelor's Degree required

    + 10+ years of professional working experience in a corporate compliance function

    + Demonstrated knowledge regarding anti-bribery and anti-corruption compliance

    + Must also have knowledge of the FCRM, including the Bank Secrecy Act and the USA Patriot Act.

    + Must have experience with U.S. banking regulations and knowledge of best industry practices

    + Strong subject matter knowledge of U.S. sanctions programs administered by OFAC and practical application in a financial services environment

    + Experience with third-party due diligence/risk management is required

    + Experience with a channel sales model and international operations is strongly preferred

    + Experience using data (both internal and external) to inform compliance risk. Experience with Tableau or similar reporting tools is preferred

    + Experience with program management and consensus-building

    + Excellent verbal and written communication skills, impeccable integrity, good judgment, strong analytical skills, flexibility, and pragmatism

    + Demonstrated skill and passion for problem-solving and operational excellence

    + Manage and prioritize a diverse and complex workload in a fast-paced environment

    + Must have sound management skills and experience

    + Excellent oral and written communication skills

    + Must have experience in Excel, Word, SWIFT, eGifts, Gifts EDD, NICE Actimize and Surety

    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 base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition. Learn more (http://hrportal.ehr.com/tdtotalrewards)

    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.

    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

     

    TD Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or any other characteristic protected under applicable federal, state, or local law.

     

    If you are an applicant with a disability and need accommodations to complete the application process, please email TD Bank US Workplace Accommodations Program at [email protected] . Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.

     

    Federal law prohibits job discrimination based on race, color, sex, sexual orientation, gender identity, national origin, religion, age, equal pay, disability and genetic information.