Vice President, Audit, Internal Controls over Financial Reporting

Work Location: Toronto, Ontario, Canada

Hours: 37.5

Line of Business: Audit

Pay Details: $175,000 - $255,000 CAD

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:

Department Overview:

Our team of trusted Internal Audit professionals serve as the Bank's third line of defense. We provide objective and independent assurance to the Board of Directors, which is designed to add value and improve the Bank's operations. The Internal Audit Division considers the Bank's strategies, objectives, risks, and culture when it evaluates the reliability and effectiveness of key elements of the Bank's governance, risk management and internal control processes using a systematic, disciplined risk-based approach.

Safeguarding TD's reputation depends on us. We're counted on to provide recommendations to continually improve performance, and to assess adherence to internal standards and external regulations. We crunch the data, consult with our partners and stakeholders, and present our findings to mitigate the risks of today as well as those around the corner.

Vice President Profile:

Vice Presidents (VPs) at TD Bank Group contribute to the overall reputation of TD. As executives, VPs help to set the ethical, organizational and performance standard for the teams they lead and exemplify how an effective performance and development culture functions day to day. A VP is expected to guide their team, collaborating as appropriate with TD partners, to deliver superior results in both the short and long term. Audit VPs are members of the Audit Senior Management Team (SMT). VPs promote adherence to TDBG's vision and purpose to be the better bank, and to enrich the lives of customers, communities and colleagues. As part of the general management of their function, VPs are accountable to deliver against TD's five shared commitments:

• Think like a customer; provide legendary experiences and trusted advice
• Act like an owner; lead with integrity to drive business results and contribute to communities
• Execute with speed and impact; only take risks we can understand and manage
• Innovate with purpose; simplify the way we work
• Develop our colleagues; embrace diversity and respect one another

Job Description / Accountabilities:

The Vice President, Audit, Head of Internal Controls over Financial Reporting (ICFR) is responsible for overseeing, planning, executing the ICFR program testing across all Canadian and European and Asia segments and entities. The ICFR (SOX) program covers internal controls over the preparation of financial reporting that ensure reliability, accuracy, and completeness of The Toronto-Dominion Bank's consolidated financial statements and related disclosure. The role will liaise with a broad set of key stakeholders across the Bank, including the Chief Financial Officer, Chief Accountant, external auditors, Financial Controls Oversight Committee, the US Audit ICFR (SOX) Testing team, and senior executives in first line / business roles. This VP is an important leader on the TDBG Audit Senior Leadership Team and will report directly to the Senior Vice President and Global Chief Auditor of TD. The general accountabilities of this role include but are not limited to the following:

• Provide senior leadership to the Division and to the senior management team.
• Contribute to the overall conclusions regarding the design and operating effectiveness of the ICFR (SOX) control environment, including deficiency analysis.
• Oversee, design and develop the TDBG ICFR (SOX) plan; contributing to the successful completion of both the ICFR (SOX) Risk Assessment, scoping, and Annual Testing plan, in adherence with Audit Division standards.
• Deliver the ICFR (SOX) plan evenly over the course of the year subject to approval of the TDBG Audit Committee and aligned to external auditor expectations.
• Contribute to the annual certification recommendation to the TDBG CEO and CFO based on final testing conclusions of the testing program.
• Provide program updates to key Finance stakeholders through the Financial Controls Oversight Committee and to Technology stakeholders through the Platforms and Technology Operational Governance Forum.
• Maintain an effective yet independent relationship and regular interaction with all Key Stakeholders (as defined in the Audit Mandate), including appropriate escalation of issues.
• Liaise with regulators as it pertains to our Audit mandate.
• Recommend, support & maintain appropriate resources to execute the ICFR (SOX) plan, including the requisite subject-matter expertise.
• Identify and assess all significant control gaps; provide clear, comprehensive, and timely reporting on significant control matters to various stakeholders.
• Improve efficiency and delivery effectiveness, increasing automation in testing and program management.
• Stay current on evolving regulatory expectations and industry practices to support the continuous improvement and development of our function & practices.
• Provide ongoing support and ownership for Internal Audit divisional priorities such as Talent Management, Talent Acquisition, Colleague Engagement, Career Development and Diversity & Inclusion.
• Attract, develop, and retain talent and maintain an active talent pipeline.
• Communicate a clear & compelling vision; engender followership.

Education/Experience:

• Undergraduate degree required; Post Graduate degree preferred.
• Professional Accreditation such as Certified Information Systems Auditor, Certified Information Systems Security Professional, Chartered Professional Accountant, Certified Public Accountant, or Certified Internal Auditor.
• 15+ years related experience.
• Expert knowledge of audit principles and practices as well as applicable legal and regulatory statutes.
• Senior management and leadership experience, with financial management background.
• Previous experience developing and executing on strategies and delivering superior results in both the short and long term.
• Proven ability in leveraging deep subject matter expertise to align teams to a central vision, while also listening and engaging others to provide input in the shaping of that vision.
• Strong people management skills with demonstrated experience in leading high performing teams, proven ability to manage and motivate a diverse group of professionals, the ability to effectively work in teams across the bank with multiple stakeholders, and to influence and align others.
• Strong collaborator who engages colleagues, business partners and external stakeholders.
• Strong presentation and facilitation skills and strong interpersonal and leadership skills to facilitate working with senior management at all levels.
• Skillful communication (written and verbal), negotiation, and partnership skills to balance stakeholder input but remains objective to reach the right outcome - ability to stay resilient under pressure.
• Demonstrated relationship building skills; able to make things happen through positive influence
• Expertise in working effectively in teams – requires a track record of working cross-organizationally and with multiple stakeholders at varying levels.
• Strong ability to delegate authority and establish policies that ensure oversight of delegated authority.
• Ability to analyze business situations and effectively collaborate on overall corporate direction.
• Strategic planning and process management experience.

TD Executive Leadership Competencies:

• Impact – Lead Decisively with a Risk Mindset & focus on what matters for Bank
• Drive Innovation and Transformation
• Transparency – clearly communicate, be honest, open and fair
• Promote a compelling vision
• Build a Diverse & Sustainable Workforce while Contributing within our Communities
• Show excellent judgment – able to communicate, prioritize & resource effectively while balancing competing priorities
• Effective teamwork – across the department, across the Bank
• Persevere - focus on what is right
• Take Initiative & Action - drive positive & productive change

Inclusiveness

At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live and serve. If you require an accommodation for the recruitment/interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let us know and we will work with you to meet your needs.

Who We Are:

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.

TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you've got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we're here to support you towards your goals. As an organization, we keep growing – and so will you.

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 a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs.

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.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

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. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we're committed to helping you identify opportunities that support your goals.

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
Your accessibility is important to us. Please let us know if you'd like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you!