Group Risk Specialist – US ORM Change Governance

Operational Risk Officer III

The Operational Risk Officer III provides a broad range of operational risk analysis, reporting and/or support to business partners. Acts as a specialist/expert in providing guidance/advice on a range of operational risk related matters within assigned area of specialization.

Department Overview:

TD Bank follows a Three Lines of Defense (LOD) Risk Framework:
Risk Ownership (1

LOD), Risk Oversight (2

LOD), and Internal Audit (3

LOD). The second line is independent of the business and provides policies, standards, and methodologies, with the authority to assess and challenge the first line to ensure adherence to those standards. The U.S. Operational Risk Management (ORM) Change Governance team is part of the 2

LOD and responsible for establishing requirements, providing guidance, communicating governance requirements, and monitoring adherence to U.S. Change Governance and New Business and Product Approval (NBPA) Programs. The team supports governance, reporting, regulatory compliance, and oversight activities across the U.S. organization. The team interacts with business and risk stakeholders across the 1

LOD and 2

LOD to promote effective governance, regulatory compliance, risk transparency, and sustainable change implementation.

Depth & Scope:

• May lead a small team or operate in a lead capacity managing risk activities such as KRI, CSI, RCSA and actions plan reporting on behalf of a key business or functional area
• Supports businesses and processes that are generally diverse and large scale in nature and/or fairly complex in terms of Customer activities and transactions
• Analyzes potential operational risks and ensures key risks are aggregated/escalated to appropriate areas
• Contributes to the effective management of financial results and budgeting activities
• Supports ongoing operational risk measurement activities by acquiring, analyzing, and reporting business operational or relevant loss data
• Establishes and provides regular risk analysis and reporting on operational loss performance of the business
• Supports business with analysis and reporting on operational risk issues and their impact which may include scenario analysis
• Supports established enterprise-wide risk escalation, review, and approval processes, data management, policies, and risk assessment processes
• Develops and maintains knowledge of existing and emerging risks across the business, and represents the business/function on TD Bank Risk Officer Committees or related working group/project teams
• Possesses an understanding of the regulatory landscape and requirements, ensuring they are identified and articulated to business management as applicable
• Supports TD Bank enterprise-wide operational risk strategies and/or corporate risk management requirements by guiding business partners through various operational or related risk management activates (e.g. Key Risk Indicators (KRI), Risk & Control Self Assessments (RCSA), etc)
• Provides guidance, advice, and/or training and educational programs within own area of responsibility to improve business' understanding of related risk and emerging trends
• Develops and fosters strong relationships with business unit management to improve communication of business-specific operational and/or related risk management issues
• Participates in the review of scorecard results and/or capital allocation issues affecting overall risks and act as a key resource on risk issues for assigned businesses/specializations
• Participates in regulatory reviews and/or completion of risk management surveys where applicable
• Serves as subject matter expert (SME) role on risk matters for a key business area and provides guidance and/or advice to business management via risk related activities/processes
• May be involved on risk related committees and/or related working groups as a SME and plays a lead role in research/analysis and/or integrating/implementing key risk management practices
• Leads risk analysis and coordinates the collection, aggregation, and validation of potential losses/risk factors for assigned business area/unit

Additional Responsibilities:

• Maintain U.S. Change Governance and NBPA Program policies,…