Head of TD Auto Finance Governance & Control (US)

TD • Southfield, MI

5d

About The Position

This role oversees the primary governance, control, compliance, and data governance functions for TD Auto Finance by developing, communicating, and executing a comprehensive governance strategy aligned with the broader business strategy and objectives. This role collaborates closely with business partners to address audits, examinations, compliance requirements, and data governance initiatives, while also creating and implementing forward-thinking strategies, tactics, and programs to effectively manage regulatory, compliance, data, and governance matters.

Requirements

• Bachelor's degree preferred
• 10+ years of related experience; consumer auto finance experience preferred
• Deep subject matter expertise of relevant banking and regulatory rules and policies, specifically in auto finance
• Significant experience with regulators and audit partners for the auto finance business
• Strong business acumen and analytical capabilities with the ability to consolidate information into clear, concise analysis in support of the business strategy
• Proven leadership skills; motivational, collaborative leader who has been successful in developing, guiding and managing a professional team in a fast moving, changing and flexible environment
• Demonstrated ability to make independent, strategic decisions to have a positive impact throughout the organization
• Able to manage, influence, and motivate others effectively within a matrix environment
• Strong communicator, with excellent oral, written and presentation skills
• Strong relationship management skills with a proven ability to work effectively and develop creative and collaborative approaches to balance the viewpoints of the TD Auto Finance Leadership Team, the Consumer Product and Retail Distribution leadership teams, and other stakeholders
• Operates with passion and a willingness to challenge the status quo and a bias for action
• Ability to deal with significant ambiguity and constantly changing priorities in a fast-paced environment
• High degree of personal integrity to recognize and manage access to sensitive information about the Bank, our strategy, results, people, and issues being addressed

Responsibilities

• 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
• Leads Compliance, the 1A Governance & Control function, risk management, and data governance for TD Auto Finance through the development, communication and implementation of a comprehensive governance strategy aligned with the broader business strategy and objectives
• Oversees governance and control activities through the assessment of risks and recommends changes based on business information from the various control function partners, including Risk Management, Compliance, Legal, Vendor Management, AML, Regulatory, Audit and lines of business
• Ensures robust data governance practices are in place to maintain data integrity, security, and compliance with regulatory standards across all business operations
• Partners with the business to respond to audits and exams, develop and implement proactive strategies, tactics and programs to effectively manage regulatory and governance issues
• Maintains a culture of risk management and control, supported by effective processes, sound infrastructure and in alignment with risk appetite
• Assesses the effectiveness of the business governance and control programs, including conducting research to determine best practices
• Represents the business on Risk Management, Compliance, AML Vendor Management, Regulatory and Audit related initiatives. Stays current and keeps up to date on regulatory issues affecting the business
• Supports TD's enterprise-wide risk strategies and control function requirements
• Identifies and manages issues on behalf of TD Auto Finance, collaborating with various control partners to resolve and close findings
• Fosters a strong risk-aware culture within the Auto Finance business, promoting proactive self-identification and reporting of all potential issues by all colleagues
• Drives enhancements to the control environment, including ensuring detailed process maps, identification of risk and controls, the efficient monitoring of these controls, and automation to drive efficiency
• Contributes to improved understanding of governance and control requirements, emerging trends and issues specific to Auto Finance.
• Serves as the business representative for all audits to ensure they are executed and completed in accordance with established standards and within prescribed time, budget and scope parameters
• Leads, implements, and/or conducts due diligence process reviews for potential areas of risk to ensure the business is always prepared for internal and external audit reviews
• Provides insight or guidance to the executive leadership team to help inform or support decisions, as appropriate
• Provides functional and business-level communications to ensure messages to stakeholders and/or employees are consistent, appropriate and aligned to business strategies and executive management direction
• Directs the department to ensure that all activities are compliant with applicable internal and external requirements (e.g., financial controls, segregation of duties) and in conformance with professional and ethical standards
• Creates and oversees talent plans and strategies to attract, motivate and retain a highly diverse, qualified and engaged staff to fulfill current and future business needs
• Provides training and development opportunities, including stretch assignments, for team members and gives honest and open feedback to aid in the development of talent
• Leads organizational initiatives by positively influencing and supporting change management and departmental or enterprise initiatives
• Participates in appropriate TD and TDAF committees, providing subject matter expertise

Benefits

• Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive