Work Location:

Toronto, Ontario, Canada

Hours:

37.5

Line of Business:

Compliance

Pay Details:

$108,800 - $163,200 CAD

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.

Job Description:

Department Overview

The Compliance Department is responsible for identifying and preventing violations of regulatory requirements by both employees and clients.  This is accomplished by:

• Conducting surveillance for cash and derivatives products such as listed equities, options, and futures as well as fixed income, rated and FX. 

• Providing training and education to TDS businesses  

• Liaising with regulators and internal auditors

• Promoting a compliance culture within the firm

• Taking preventative measures to ensure compliance with the rules and regulations

• Reviewing new business opportunities, such as trading of new products or on markets from a compliance surveillance perspective

This role covers the institutional exchange-traded products (equities, options and futures), fixed income, FX, rates and derivatives sales and trading businesses in Canada. The role involves both conducting surveillance reviews and performing quality assurance of trade and communications surveillance alerts.  The Surveillance Compliance program includes planning, scheduling, monitoring and reporting results of the daily, weekly, quarterly and annual compliance testing for the TDS FICM businesses at TD Securities.

Job Accountabilities

• Effectively lead a team of  compliance professionals who conduct surveillance reviews for market abuse and other related market misconduct.

• Maintain and continue to build a culture of excellence within the Compliance Surveillance team.

• Manage and foster a strong and collaborative relationship with the Advisory Compliance teams in Canada, United States, EMEA and APAC.

• Assess impact of new regulations as they relate to trade and communications surveillance.

• Lead and participate in regional and global surveillance modernization projects for trade and electronic communications surveillance.

• Performs annual gap analysis and control effectives of trade and communications surveillance.

• Remediate identified gap(s) and work in partnership with technology, Advisory Compliance, and other key stakeholders to advance any projects that directly impact surveillance.

• Managing all the Compliance oversight and escalation for issues and events within Canada and other regions for which the Toronto-based Surveillance team performs reviews.

• Communicate and escalate issues and events to regional compliance teams including, Compliance Advisory, Traders, and Supervisors.

• Performs quarterly quality assurance review (QAR) of reviews performed by surveillance analysts.

• Use the findings from the QAR process to train the surveillance analysts to improve alert analysis, close out commentary, and alert review processes.

• Lead global quarterly meetings with all the regional compliance teams by sharing and discussing key risks and trends identified through surveillance.

• With the first line of defence supervision/risk and control partners, host the bi-monthly supervision and surveillance forum calls.

• Proactively assess and remediate risks by engaging regional Advisory Compliance colleagues as well as first line supervision/risk and control partners to discuss, develop and deliver solutions to close gaps and opportunities for program enhancement.

• Oversee the design and maintenance of written Compliance surveillance procedures.

• Lead   surveillance calibration processes (above the line and below the line test) and procedural updates

• Assist with regulatory reviews, including inquiries, audits, and exams, as it pertains to surveillance.

• Monitor regulatory developments and trends with the regional compliance team and identify where new or enhanced surveillance reviews are required.

• Work with Technology and Risk Management to ensure compliance surveillance, meet firm and industry standards.  

• Support the business in their development of policies, procedures and training programs to facilitate compliance with regulatory requirements.

Proficiency Requirements and Skills

• Familiarity with the Universal Market Integrity Rules (UMIR), Le Bourse Exchange, SEC, CFTC, FINRA, U.S. National Securities Exchange (e.g., Nasdaq, NYSE, and CBOE), US Volcker Rule, FCA's Market Abuse Regulation, MiFiD II, NFA and all applicable Canadian securities commission rules

• Understanding operational risk management principles and banking (prudential) regulators approach to compliance-risk framework and standards, highly desirable.

• Knowledge of OTC products and market structure and operation and the associated regulatory risk.

• Minimum 10 years of compliance surveillance in capital (institutional) markets

• Demonstrated ability to build and lead a surveillance team.

• Demonstrated ability to lead programs focused on enhancing surveillance capabilities (both communications and trade surveillance).

• Experience at globally systemic important bank (GSIB) preferred.

• Experience working for a regulator highly desirable.  

• Demonstrated ability to work independently, think critically and make decisions.          

• Excellent communication skills, both written and oral

• Ability to deal with staff and management at all levels in TD Securities and TDBG

• Ability manage multiple priorities and meet deadlines is critical.

• A strong personal integrity in dealing with confidential and sensitive information.

• Canadian Securities Courses (CSI) CSC, DFC, OLC, OPSC and FIT

Other Qualifications/Skills/Experience

• Ability to understand, analyze, interpret, and apply laws, rules, and regulation in a surveillance operational context.

• Ability to operate in an environment characterized by continuously evolving markets, product and regulatory expectations is critical.  

• Ability to work independently and lead team.

• Advanced degree, understanding of statistics/quantitative methods, CFA, CPH and/or Trader Training course are desirable, but not required.

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