Head of Wealth Business Management

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  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

The Head of Wealth Business Management is a critical executive role responsible for management of Administration, FINRA required FINOP responsibilities, Marketing Principal duties, Strategy, middle-office Sales/Service Support, and Data & Analytics responsibilities. This role will also lead first-line engagement and activities with Compliance and Legal with respect to Office of Supervisory Jurisdiction (OSJ) Administration, FINRA Branch Administration, Licensing/Registrations and maintenance requirements.

This role will lead engagement with HR and Finance to ensure alignment across job families, entitlements, and financial & regulatory reporting.

• 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
• Executes all administration required to comply with FINRA, SEC and State Insurance Regulators regarding Registered Representatives, FINRA Registered Branches, Licensed Bankers, Non-Registered-Fingerprinted Individuals, FINRA Offices of Supervisory Jurisdiction requirements, Store coverage hierarchies, OBAs, maintenance and annual review processes, etc.
• Executes FINRA Finance Principal and Marketing Principal responsibilities for TDPCW and TDWMSI. Regulatory requirement that Principal associated directly with the BD/RIA be responsible and accountable for all financial reporting associated with and/or required by FINRA or the SEC and the maintenance of the books and records supporting that reporting
• Executes Registered Principal sign off required for all Marketing material that identifies TDPCW and/or TDWMSI
• Leads Wealth Service & Sales Support team to drive operational excellence and Legendary experience for Clients and Advisors. This includes oversight of several large groups supporting HNW & Institutional Advisors, MA Advisors and Trust Advisors with activities such as Client Onboarding, Money Movement, Account Maintenance & Servicing
• Leads Administration team for Wealth, with responsibility for Advisor compensation management and execution, Colleague onboarding and offboarding processes and execution, book transfers and management, maintenance of job families, hierarchies, entitlements, and year-end processes in collaboration with HRBP
• Leads Data & Analytics teams to manage processes for leveraging business and customer data, ensure strong data governance and data stewardship, and deliver insights and reports to inform strategic decisions
• Leads Strategy and Business Management to short, medium, and long-term strategies to scale the business and meet financial targets
• Stays abreast to industry developments and news
• Ensures that business / department operations are in compliance with applicable internal and external requirements (e.g. financial controls, segregation of duties, transaction approvals, and physical control of assets) and that applicable escalation processes are followed
• Provides effective presentations and reporting to the various US TD Boards of Directors
• Strong ability to attract, inspires and brings out the best in team members through a demonstrated passion for the business and willingness to recognize and reward the contributions of others
• As a senior executive team…