Compliance Business Oversight Manager: Consumer Deposit Products and Deposit Servicing
WFA Digital Insight
The demand for skilled compliance professionals in the banking sector grew 25% in the last year, driven by increasingly complex regulatory requirements. As a Compliance Business Oversight Manager at TD Bank, you will play a pivotal role in ensuring the company's consumer deposit products and services adhere to federal and state laws. With the rise of remote work, companies are looking for professionals who can navigate a dynamic landscape and collaborate effectively with cross-functional teams. TD Bank stands out for its commitment to providing a culture of compliance, making this an attractive opportunity for those seeking a challenging and rewarding role. Before applying, candidates should be aware of the importance of staying up-to-date with regulatory changes and having strong communication skills to effectively partner with business leaders.
Job Description
About the Role
The Compliance Business Oversight Manager will be responsible for providing compliance oversight, guidance, and challenge across consumer deposit products and deposit servicing. This role requires strong regulatory knowledge, issue and change management expertise, and the ability to partner with key stakeholders and business leaders to identify risks, remediate gaps, and strengthen compliance controls. The ideal candidate will thrive in a fast-paced environment and bring the ability to operate effectively in a dynamic, evolving landscape. As part of the Compliance team, you will work closely with business partners to ensure alignment with regulatory requirements and provide advice, support, and objective guidance to assigned portfolios. The role will be largely focused on compliance matters impacting Consumer Banking, ensuring business practices align with applicable federal and state regulatory requirements.What You Will Do
- Serve as primary compliance support for assigned business lines, providing oversight and independent challenge on business activities and initiatives with regulatory impact
- Complete change risk assessments and related questionnaires for new business initiatives, performing review and challenge of inherent regulatory risks, mitigations, and outlining conditions to launch
- Serve as a compliance advisor to business partners through regular meetings and process reviews
- Manage and track compliance-related issues, ensuring timely resolution and regulatory alignment
- Lead regulatory change management efforts for new and updated state laws, ensuring effective business adoption and compliance
- Monitor regulatory complaints, business reports, and key risk indicators to identify trends, gaps, and potential compliance risks
- Review and validate first-line testing to ensure gaps are addressed and aligned with regulatory expectations
- Support control mapping to ensure regulatory requirements are linked to effective business controls
- Collaborate with cross-functional teams to strengthen the compliance framework and reduce risk exposure
What We Are Looking For
- Strong regulatory knowledge and understanding of consumer deposit products and deposit servicing
- Issue and change management expertise
- Ability to partner with key stakeholders and business leaders
- Excellent verbal and written communication skills
- Ability to operate effectively in a dynamic, evolving landscape
- Strong analytical and problem-solving skills
- Experience with Excel and other Microsoft Office tools
- Bachelor's degree in a related field
Nice to Have
- Experience in compliance risk management
- Knowledge of federal and state regulatory requirements
- Certification in compliance or a related field
Benefits and Perks
- Competitive salary and benefits package
- Opportunity to work with a leading banking institution
- Collaborative and dynamic work environment
- Professional development and growth opportunities
- Flexible and remote work arrangements
- Access to cutting-edge technology and tools
How to Stand Out
- To stand out as a candidate, be prepared to provide specific examples of your experience in compliance risk management and regulatory knowledge
- Make sure to highlight your ability to work effectively in a dynamic environment and collaborate with cross-functional teams
- Familiarize yourself with TD Bank's compliance framework and be prepared to discuss how you can contribute to it
- Use your cover letter to demonstrate your understanding of the regulatory requirements and how you can apply them in this role
- Be prepared to discuss your experience with Excel and other Microsoft Office tools, as well as any other relevant software or systems
- Research the company culture and be prepared to ask informed questions during the interview process
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