Senior Risk Analyst - 2LoD Controls Testing and Oversight

Senior Group Risk Analyst

The Senior Group Risk Analyst provides a broad range of research, analysis, reporting, monitoring and/or operational process support within a defined area of function. Supports business by providing expert guidance/advice on a range of risk related matters within assigned or own area of specialization. The Senior Group Risk Analyst may support and/or provide oversight, commentary, and strategy analysis in connection to team and/or individual initiatives.

TD Bank is guided by the Three Lines of Defense (LOD) Risk Framework: Risk Ownership (1LOD), Risk Oversight (2LOD), and Internal Audit (3LOD). The second line is independent of the business and provides policies, standards, and methodologies, with authority to assess and challenge the first line's adherence to those expectations. In this role, you will support the scoping and execution of independent 2LOD controls testing across business processes and technology platforms, and contribute to regulatory and internal risk reporting.

Depth & Scope:

• Utilizes expertise to exercise sound and expert independent professional judgement and discretion in interacting and communicating with staff and senior management of the Bank with respect to regulatory risk and other matters
• Empowered to make prudent professional recommendations - in rendering advice and counsel to business lines or assigned area and risk which impact performance of the business and overall enterprise strategies and objectives
• Integrates the broader organizational context into advice and solutions within own functional area
• Understands the industry, competition and the factors that differentiate the organization
• Acts as the primary subject matter expert and expected to make sound decisions in setting standards within area of expertise
• Applies expert knowledge and best practices to implement process, product or service improvements
• Oversees and/or independently performs tasks from end to end
• Acts as a subject matter expert within own area of specialty or as a resource for others
• Leads projects of moderately to complex risk and resource requirements; may lead end-to-end processes or functional programs
• Executes on complex problems requiring analysis of multiple variables, including consultation with multiple stakeholders
• Recommends and implements solution within own are or responsibility that impact the strategies and objectives of the department
• Uses advanced methods to contribute to new solutions and recommends standards against which others will operate
• Impacts a high level of complexity in operational/reporting/process and/or analysis function requiring medium to longer term focus. Provides advanced analysis and/or specialized reporting to support business partners, functional areas or centers of expertise. Builds stakeholder alignment in leading projects and activities; may provide process and subject matter advice at senior levels
• Works independently as the senior technical lead and guides others within area of expertise
• Identifies and leads problem resolution for complex issues at all levels

Education & Experience:

• Undergraduate degree or technical professional certification and/or
• 5+ years relevant experience
• Proficient knowledge of risk management, programs, policies, practices & reporting for business supported and/or area of discipline
• Understanding and experience with various programing tools
• Knowledge of risk management environment, standards, regulations and mitigation
• Knowledge of current and emerging competitor and market trends
• Ability to lead, plan, implement, and evaluate program/project activities to ensure completion of initiatives
• Advanced skill in using analytical software tools, data analysis methods and reporting techniques
• Skill in using computer applications including MS Office
• Ability to communicate effectively in both oral and written form
• Ability to work collaboratively and build relationships
• Ability to work successfully as a member of a team and independently
• Ability to exercise sound judgement in making decisions
• Ability to analyze, organize and prioritize work while meeting multiple deadlines
• Ability to handle confidential information with discretion

Additional Responsibilities:

• Execute independent 2LOD testing of business and technology controls, including test planning, fieldwork, and documentation
• Execute independent testing in the following areas: Control Design & Operating Effectiveness, Transactions Testing, Data Reconciliations, Logic Reperformance, Data Profiling/Analytics, End-User Computing (EUC) Review, Policy & Procedure Review, Governance/Oversight, and Regulatory Rule Compliance
• Identify opportunities to streamline and automate controls testing (where appropriate), including through the use of generative AI, agentic AI, and RPI
• Support maintenance of the testing inventory and update the testing universe and test plans based on regulatory developments and changes in the internal risk profile
• Partner with business and technology stakeholders to discuss key controls, potential control gaps, root causes, and remediation plans
• Assess processes and controls end-to-end and connect themes across issues to drive standardization of solutions, processes, and control design
• Monitor emerging risk and regulatory trends, identify issues and opportunities, and recommend actions to management
• Manage deliverables proactively and provide clear, timely status updates, risks, and dependencies to management
• Perform ongoing risk analysis, escalate concerns appropriately, and support concise reporting for internal governance and regulatory needs

Job Requirements/Preferred Experience:

• Bachelor's degree required; advanced degree and/or relevant certifications (e.g., CRISC, CISA, CIA, CPA, FRM, CFA) preferred
• 5+ years of experience in operational risk, risk management, internal audit, compliance testing, or related roles within financial services
• Experience using Microsoft Copilot and other approved generative and agentic AI tools to automate and improve tasks and processes
• Experience with any of the following reports is a plus: FR 2052a, US LCR, US NSFR, FR Y9C, Call Report, FR Y-15, FR Y-14Q/M, FR Y-14A (CCAR, DFAST)
• Business Banking experience is an asset
• Ability to interpret guidelines, standards, policies, and analysis results to inform decisions and provide effective challenge at senior levels
• Ability to work with large datasets and apply data analytics to support testing, insights, and reporting
• Strong attention to detail and a demonstrated ability to identify root causes behind issues and observations
• Strong analytical, problem-solving, and organizational skills
• Confidence to challenge the status quo and navigate difficult conversations with professionalism and tact
• Strong written and verbal communication skills, with the ability to build and maintain effective working relationships across functions

Customer Accountabilities:

• Develops and operationalizes standards, policies and processes to identify, report and mitigate overall risk exposures within the business
• Proactively analyzes potential risks and ensures key risks are aggregated/escalated to appropriate areas
• Supports ongoing risk measurement activities by acquiring, analyzing and reporting business operational or relevant loss data
• Establishes and provides regular risk analysis and reporting on operational loss performance of the business
• Supports business with analysis and reporting on risk issues and their impact which may include scenario analysis
• May be responsible for coordinating business continuity management (BCM) processes and supporting regulatory/compliance related initiatives impacting overall risks to the business (e.g. CDIC, anti-money laundering)
• Supports established enterprise-wide risk escalation, review and approval processes, data management, policies and risk assessment processes
• Contributes to the monitoring of Key Risk Indicators through the identification of key risk drivers for the business
• May also monitor/report on compliance, management, and strategic initiatives
• Provides regular commentary and industry analysis in supporting the development/maintenance/oversight of policies/procedures/practices

Shareholder Accountabilities:

• Adheres to enterprise frameworks or methodologies that relate to activities for our business area
• Ensures respective programs/policies/practices are well managed, meet business needs, comply with internal and external requirements, and align with business priorities
• Consistently exercises discretion in managing correspondence, information and all matters of confidentiality; escalates issues where appropriate
• Ensures business operations are in compliance with applicable internal and external requirements (e.g. financial controls,