Senior Manager II, Recovery and Resolution Planning (US) Scenario Projection and Analytics
Mount Laurel, NJ - USA
Job Summary
Work Location:
Mount Laurel New Jersey United States of AmericaHours:
40Pay Details:
$148720 - $240240 USDTD 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 candidates 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.
Line of Business:
FinanceJob Description:
Department Overview:
The Recovery and Resolution Plan (RRP) group manages the Recovery and Resolution Plan for TD Banks US entities. This group functions under the US Treasury. The Recovery and Resolution Plan is governed by guidelines issued by US regulatory agencies and must be submitted to regulators according to established deadlines. These plans are comprehensive and necessitate coordinated engagement with stakeholders throughout the Bank. The Resolution Plan submission requires Stress scenario projection that is designed to ensure that the Bank can be liquidated in an orderly manner without causing wider adverse impacts on the financial systems. The Recovery Plan requires submitting results from a severe stress scenario to demonstrate the Banks ability to recover from significant losses in liquidity and capital.
The Senior Manager II Recovery and Resolution Planning oversees a team of RRP practitioners in execution and oversight of the most complex frameworks policies strategies and processes related to recovery and resolution planning.
Depth & Scope:
- 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
- Oversees and leads the most complex and diverse function for an area of significant risk complexity or scope while growing talent developing skills and capabilities to achieve career goals support project / initiative success and achieve business results
- Develops appropriate scenarios for Recovery and Resolution plans for Banks legal entities
- Develops and administers multi- stakeholder tests under programs.
- Oversees the development of whole testing streams to support crisis capabilities and or resolvability of the Bank.
- Manages and oversees the overall discipline and strategy for the respective areas while aligning to the enterprise best practices
- Provides coaching mentorship and guidance to practitioners business executives within area of expertise
- Strategic partner to leadership team on the management of the portfolio and financials with deep industry external / internal enterprise knowledge recognizing and anticipating emerging trends and; identifying operational efficiencies and opportunities with other business management / enterprise areas
- Facilitates key strategic discussions and provide thought leadership to executive audience (output include strategic roadmap and/or deliverables/ frameworks/ short to long term goals etc.)
- Sets operational team direction and collaborate with others to execute on common goals
- Focuses on longer-range planning for functional area (e.g. 12 months or greater)
Education & Experience:
- Undergraduate degree required
- 12 years of experience
Preferred Qualifications:
- 12 years of experience with Finance and/or Treasury experience preferred
- A professional financial designation like CPA or CFA is preferred
Customer Accountabilities:
- Provides leadership to all strategic operational and business activities across the recovery and resolution planning function
- Monitors regulatory landscape for changes impacting recovery and resolution planning and assesses their impact on current processes practices and plans
- Oversees the development and execution of complex Recovery and Resolution Planning strategies and assessments
- Oversees the development of whole testing streams to support crisis capabilities and/or resolvability of the Bank
- Acts as the liaison between internal stakeholders (Capital Liquidity Risk etc.) and external advisors
- Co-ordinates RRPs development of recovery and resolution plans and other applicable documents
- Acts as subject matter expert for own area and provide guidance/ advice and recommendations to support dealings with internal/external partners
- Participates on internal/external committees to provide advice/counsel to partners and represents the interests of the Bank
Shareholder Accountabilities:
- Works with key business leaders to develop business plan ensuring the optimal use of resources and leverage TDs operating model to maximize efficiency effectiveness and scale
- Plans and executes on strategic activities reviews and communicates results and adjusts tactics accordingly
- Executes on the annual business plan to deliver results aligned with business strategies
- Proactively identifies key business opportunities researches and contributes to the continuous improvement of all frameworks processes and procedures across Recovery & Resolution Planning Protect the interests of the organization identifies and manages risks and escalates non-standard high risk transactions / activities as necessary
- Keeps abreast of emerging issues trends and evolving regulatory requirements and assesses potential impacts
- Ensures employees are knowledgeable; and assumes responsibility to minimize operational and regulatory risk by complying with Bank and industry Code of Conduct
- Maintains a culture of risk management and control supported by effective processes in alignment with risk appetite
Employee/Team Accountabilities:
- Cultivates and models the Colleague Promise to support colleague growth and a culture of care; makes an impact at work and in our communities by leading with authenticity and supporting well being to represent TDs brand
- Connects the alignment of colleagues contributions with the TD Shared Commitments
- Builds and retains an engaged and diverse team that embraces diversity of thought creativity and curiosity; where every colleague and customer are valued respected and listened to; committed to a common goal and collaborates to move with speed and get things done
- Demonstrates inclusive leadership by taking meaningful action with intention to support colleagues and customers across all dimensions of diversity including those from underrepresented communities being actively anti-racist attracting and retaining diverse slate of candidates nurturing mutual respect inclusivity of thought and collaboration to drive successful results
- Sustains identifies strong talent recruits and develops a diverse talent pipeline of qualified workforce to innovate and maximize individual strengths to lead to a better business outcome
- Enables colleague growth by encouraging colleague development to achieve career and business objectives; ensuring timely feedback motivating appreciation and recognition to all colleagues
- Enables a continuous learning culture by proactively seeking listening to and actioning feedback from peers and from colleague listening opportunities to continuously improve the colleague experience and grow your personal leadership
- Fosters an environment that promotes sharing of knowledge information skills and subject matter expertise among the team; ensures timely management and escalation of issues and create opportunities to collaborate with other functions and teams
- Leads team through change and create an environment where teams feel psychologically safe to challenge current practices by modeling resiliency and flexibility communicating a compelling vision with clarity and empowering colleagues to drive innovation
- Contributes to the development of business segment and/or enterprise functional strategic priorities within their operational area or field of specialty that drive results
- Develops annual and/or long-term plans for own area that are aligned with enterprise-wide priorities reinforcing a focus on results that align to One TD
- Fosters a high-performance culture by setting team targets and objectives promoting and facilitating on-going feedback/coaching and conducting Quarterly Check-Ins for all colleagues to drive accountability and business results
- Manages employees in compliance with all human resources policies procedures and guidelines of conduct
Physical Requirements:
Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%
- Domestic Travel Occasional
- International Travel Never
- Performing sedentary work Continuous
- Performing multiple tasks Continuous
- Operating standard office equipment - Continuous
- Responding quickly to sounds Occasional
- Sitting Continuous
- Standing Occasional
- Walking Occasional
- Moving safely in confined spaces Occasional
- Lifting/Carrying (under 25 lbs.) Occasional
- Lifting/Carrying (over 25 lbs.) Never
- Squatting Occasional
- Bending Occasional
- Kneeling Never
- Crawling Never
- Climbing Never
- Reaching overhead Never
- Reaching forward Occasional
- Pushing Never
- Pulling Never
- Twisting Never
- Concentrating for long periods of time Continuous
- Applying common sense to deal with problems involving standardized situations Continuous
- Reading writing and comprehending instructions Continuous
- Adding subtracting multiplying and dividing Continuous
The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.
Who We Are:
TD is one of the worlds leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day we strive to make every interaction product and experience remarkably human and refreshingly simple for over 27 million households and businesses in Canada the United States and around the world. More than 95000 TD colleagues bring their skills talent and creativity to foster deeper relationships ensure disciplined execution and build a simpler faster banking experience. TD is deeply committed to being a leader in client experience that is why we believe that all colleagues no matter where they work are client facing. Together we are reimagining what banking can be for our clients colleagues and communities.
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 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. Learn more
Additional Information:
Were delighted that youre considering building a career with TD. Through regular development conversations training programs and a competitive benefits plan were committed to providing the support our colleagues need to thrive both at work and at home.
Colleague Development
If youre interested in a specific career path or are looking to build certain skills we want to help you succeed. Youll 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.
If youre passionate about helping clients and building deep lasting relationships TD offers diverse career paths where you can grow your expertise and make a meaningful impact.
Were committed to your success and foster a respectful workplace where diverse perspectives are valued everyone has fair opportunities to grow and you can unlock your full potential to achieve your career goals. Here at TD we hire and develop the best.
Training & Onboarding
We will provide training and onboarding sessions to ensure that youve got everything you need to succeed in your new role.
Interview Process
Well 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
TD Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race color religion sex sexual orientation gender identity national origin age disability status as a protected veteran or any other characteristic protected under applicable federal state or local law.
If you are an applicant with a disability and need accommodations to complete the application process please email TD Bank US Workplace Accommodations Program at . Include your full name best way to reach you and the accommodation needed to assist you with the applicant process.
Required Experience:
Senior Manager