AVP Treasury, Recovery & Resolution Planning Strategy & Execution

Work Location:
Toronto, Ontario, Canada

Hours:
37.5

Line of Business:
Risk Management

Pay Details:
$145,000 - $200,000 CAD

Job Description:

TD's Enterprise Recovery and Resolution Planning (RRP) Office manages the financial crisis management program lifecycle. The RRP Office works with internal partners in key business lines and corporate areas, as well as with TD's prudential regulators, to ensure that TD is operationally ready to deal with a severe financial crisis.

The RRP Office is responsible for:

• Maintaining the enterprise recovery and resolution policy which governs financial crisis management for the Bank
• Preparing the enterprise recovery and resolution planning strategy and drafting the plan
• Designing and executing the enterprise recovery and resolution plan testing program
• Coordinating the crisis governance activities globally and integrating the subsidiary recovery plans with the parent plan

Individual Accountabilities:

• Lead for Enterprise RRP Plan Execution and Strategy: (Canadian regulators).
• Oversight & accountability for Enterprise Resolution and Recovery Plan(s) ensuring they are complete, comprehensive and in compliance with regulatory requirements/expectations.
• Responsible for the development & maturation of crisis management protocols in alignment with regulatory requirements and industry standards; support financial crisis governance routines.
• Responsible for the review of the Bank's resolution strategy, including, the maintenance and analysis of the Bank's critical functions, material legal entities, and critical shared services.
• Oversight & accountability for the Bank's crisis preparedness to ensure operational continuity in stress events by working with workstreams to support internal/external communication, maintaining sufficient human resources to implement strategies, and capabilities to produce data/management information.
• Responsible for the development and enhancement of capabilities (people, processes, technology) to support the Canadian Deposit Insurance Corporation (CDIC) in executing bail-in conversion, including identifying the implications of securities law and securities exchange requirements in a bail-in.
• Coordinates with Treasury in the development of capital and liquidity recovery options and capabilities to manage financial stress.
• Annually prepare the CDIC Work plan which captures activities for resolution plan maintenance, validation, and testing to continually improve the Bank's resolution preparedness.
• Oversee subsidiary integration assessments for various plans across enterprise, providing substantive challenge and review.
• Accountable for development and maintenance of process and controls for Laws, Rules, and Regulations for Canada RRP.
• Leads plan production process including production calendars, preparing committee materials, working with line of defense partners.
• Lead Road-to-Strong assessment and enhancements.
• Lead material change process for both recovery & resolution processes to ensure the currency of the Plans.
• Talent management/people development (acquisition/retention/succession)

Skills, Education & Experience:

• Post secondary education, preferably in law or business (or equivalent experience).
• For candidates with a business background, an accounting designation (e.g. CA), Certified Financial Analyst (CFA) or equivalent is an asset.
• 7+ years of experience in financial contingency planning, liquidity/capital management, stress testing, regulatory, risk, legal or compliance organizations in a financial institution.
• 5+ years of experience coordinating Recovery and Resolution Plans or other similar large-scale regulatory submissions.
• 3+ years of experience with governance including policies/procedures/controls, preparing materials for internal and external audiences, and coordinating updates for large regulatory submissions.
• Knowledge and understanding of regulatory requirements issued by OSFI and CDIC that relate to financial stress preparedness.
• Experience implementing programs to satisfy regulatory requirements, including working with stakeholders to understand the requirements and complete impact assessments.
• Demonstrated history of exceptional leadership. Able to motivate and support teams and contributors in their thinking and delivery of work product.
• Able to effectively communicate in writing and verbally to internal and external stakeholders, including regulators, board members, SET members and colleagues.
• Experience working across a matrixed organization with multiple stakeholders to achieve a common result.
• Excellent analytical, risk assessment and investigative skills.
• Demonstrated ability to take initiative and identify more efficient ways to execute.
• Demonstrated ability to see the big picture, make connections and anticipate consequences and outcomes of actions and decisions; must be forward looking.
• Must be comfortable working in a fast-paced, evolving and dynamic environment with changing and competing priorities.
• Can review and quickly absorb large volume of information and adjust and convey key messages to various stakeholders.