VP - IHC Regulatory Reporting

Work Location:

New York, New York, United States of America

Hours:

40

Line of Business:

Finance

Pay Detail:

$125,000 - $175,000 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.

Job Description:

Overview

TD Securities US Finance is a part of the wider TD Securities Finance group, as one of the three regional finance groups for the Wholesale Banking segment of TD Bank Group it has a key role in the USA providing support in financial, management, liquidity, and regulatory reporting. In addition, by its nature as a primary control and support group in the region, TDS Finance USA provides business information supporting projects and initiatives often as the liaison with the other groups and segments both in the US and Canada but also with the other regions (UK and Singapore).

Specific Accountabilities Include:

• Lead level 1 review of regulatory deliverables associated with TDS and review regulatory reports for submission to FRB, US Treasury, BEA, etc. reporting.
• Manage Governance related tasks/mandate and work closely with Compliance and 1B business partners to understand and satisfy requirements.
• Understanding data architecture and GL systems/pipelines to remediate gaps and make process improvements.
• Guide junior team members on issue resolution based on strong understanding of data attributes, accounting standards, regulatory rules, and production steps.
• Having a technology savvy approach to action process improvements and automate legacy processes including the use of tools such as Alteryx, PowerBi, etc.
• Review data elements based on 'Global Chart of Accounts' composition and trace accounting codes to product/business origin to check if regulatory mapping is fit for purpose.
• Initiate research to keep current on regulatory rule requirements and any internal business changes (e.g. new businesses or product launched) and assesses downstream impacts to the regulatory reports.
• Ensure strong data/process governance and key controls that are pushed down by Compliance are implemented within report preparers.
• Support the alignment of current regulatory reporting processes with new processes as entities merge and systems integrate to ensure integrity of the regulatory reports being filed.
• Continuously develop strong understanding of best practices from regulatory supervisors.
• Escalate timely to senior management of errors, gaps, data quality issues, control breaks, KRI indicators, etc.
• Lead dialogue with financial reporting business partners to understand changes in accounting and financial results. Drive monthly team variance discussions to facilitate regulatory reporting flux analysis process.
• Support key departmental projects and initiatives, executes on ad hoc deliverable requests related to audit, compliance, transactional testing, examinations, etc.
• Maintain and build upon existing procedure documents and processes by updating and performing ongoing review of all information required to support reports; includes information gathering from source systems and working with business partners to source required information.

Specific Requirements / Accreditations:

• Bachelor degree in Business/Accounting/Financial Management, with accounting designation preferred.
• 5+ years of financial services experience, preferably in capital markets.
• Proven analytical skills and sound judgment in a dynamic business environment.
• The ability to translate high volumes of /complex reporting requirements and data into simple, consistent, and sustainable processes.
• Strong sense of process and data governance and strong attention to detail.
• Highly motivated individual with a proven track record to deliver results.
• A fluid, intuitive, and logical thinker with a high level of curiosity to learn and interest in determining and implementing process improvements.
• Demonstrated time management and organizational skills to meet tight deadlines as well as flexibility to adapt to changing priorities.
• Understanding of Wholesale Banking/Capital Markets businesses, products and associated balance sheet and P&L
• Collaborative, team player with ability to work individually.
• Advanced Excel and MS Access skills required and/or Alteryx skills/knowledge a plus.
• Demonstrates the ability to manage up as well as laterally with business partners.
• Confident facilitation skills and strong interpersonal skills to facilitate working with business and senior management at all levels.
• Ability to independently close out on issues and execute results based on prioritization and current needs.
• Ability to welcome new ideas and from team members and encourage opportunities to create efficiencies and change.

The VP Finance TDS leads development and achievement of financial objectives. Reports on financial results, providing interpretation through in-depth understanding of the business. Provides forecasts and financial plans to drive business results, strategy and decisions.

Depth & Scope:

• Gathers and reports on financial results vs. plans on an ongoing basis, providing evaluation and interpretation through an in-depth understanding of the business
• Leads development and achievement of financial objectives
• Develops and maintains strong business relationships
• Provides leadership, coaching, counseling and guidance to staff
• Develops, assigns and monitors plans to ensure completion of goals and objectives
• Resolves issues and problems by conferring with staff, other internal departments, outside contacts and others as necessary

Education & Experience:

• Bachelor degree in Business/Accounting/Financial Management (accounting designation is preferred but not required)
• 5-7 Years of related experience

Physical Requirements:

Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%

• Domestic Travel – Occasional
• International Travel – Never
• 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

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.

Who We Are

TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we strive to make every interaction, product and experience remarkably human and refreshingly simple. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank.

Together, we are reimagining what banking can be for our clients, colleagues and communities.

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

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.

If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.

We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.

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 USWAPTDO@td.com. Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.