Risk Analyst - 2LoD Controls Testing and Oversight

Description

:

The Governance & Control Analyst III provides specialized business governance and control guidance and support for a business or functional area and implements policies/processes and/or initiatives to meet business governance and control objectives. May provide complex reporting, analysis, testing and assessments at the functional or enterprise level and is generally a lead or SME for a given area/function.

Department Overview:

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 the authority to assess and challenge the first line to ensure adherence to those standards. In this role, you will support the execution of independent 2LOD controls testing across business processes and technology platforms, and contribute to regulatory and internal risk reporting.

Depth & Scope:

• Experienced working professional role providing specialized services, advisory or processes/program support within their own area of specialty

• Requires business experience, conceptual and practical knowledge of own specialty and knowledge of broader related areas

• Accountable for own work and acts as an escalation point or knowledge resource for others

• Leads projects or work streams within broader projects with moderate risk and may be accountable for managing ongoing activities, processes and functional programs

• Works within broad guidelines/policies and independently performs tasks from end-to-end

• Solves moderately complex problems by taking a new perspective on existing solutions

• Exercises judgment based on the analysis of multiple sources of information

• Conveys business context when providing guidance within field of specialty to internal or external stakeholders

• Identifies and leads problem resolution

Education & Experience:

• Undergraduate degree preferred

• Broad knowledge of business and risk and control environment

• 4+ years of relevant experience

• Solid knowledge of governance, risk and control procedures, strategies & tactics

• Knowledge of current and emerging trends

• 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, research, organize and prioritize work while meeting multiple deadlines

• Ability to process and handle confidential information with discretion

Additional Responsibilities:

The Risk Analyst is responsible for supporting the execution of independent Second Line of Defense (2LoD) testing and validation programs across regulatory reporting, internal risk reporting, data risk management, and liquidity and capital risk management. This role provides independent review and challenge of First and Second Line processes, controls, data, and reporting practices to assess compliance with regulatory requirements, internal standards, and industry-leading practices. Responsibilities include evaluating end-to-end data lineage, data transformations, calculation methodologies, control frameworks, and reporting governance to validate the integrity, accuracy, and regulatory compliance of risk management and reporting processes.

The ideal candidate has hands-on experience and knowledge of controls testing, root cause analysis, operational risk management, regulatory reporting requirements, and liquidity and capital risk management. The Risk Analyst is expected to work with a team of testing professionals as well as stakeholders across business, risk, finance, technology, and data management functions.

Preferred Experience/Qualifications:

• Execute independent 2LoD 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

• Manage deliverables proactively and provide clear, timely status updates, risks, and dependencies to management

• Bachelor’s degree required; advanced degree and/or relevant certifications (e.g., CRISC, CISA, CIA, CPA, FRM, CFA) a plus

• 2+ 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

• Knowledge of retail banking products, processes, and associated risk and control frameworks is considered a strong asset

• Ability to interpret guidelines, standards, policies, and analysis results to inform decisions and provide effective challenge

• Ability to work with large datasets and apply data analytics to support testing, insights, and reporting

• Strong attention to detail, with the ability to identify root causes of issues and observations

• Strong analytical and organizational skills, including the ability to manage multiple priorities and deadlines

• Confidence and judgment to challenge the status quo and engage in constructive challenge when needed

• Strong written and verbal communication skills; ability to build and maintain effective working relationships with cross-functional teams

Customer Accountabilities:

• Provides specialized business governance and control related advice/support to management/leadership and respective teams for area(s) of specialization

• Leads on the implementation of governance and control initiatives in support of the overall business/function strategy

• Manages a set of business governance and control work activities requiring coordination across multiple areas

• Reviews processes and controls and connects the dots across issues and control deficiencies in order to increase standardization of solutions, processes and controls

• Supports/manages the integrated implementation of policies/processes/procedures/changes across multiple functional areas

• Provides subject matter expertise to projects/initiatives, and participates in identifying, designing and testing solutions and supporting implementation activities

Shareholder Accountabilities:

• Ensures programs/policies/practices are well-managed, meet business needs/priorities, and comply with internal/external requirements

• Exercises discretion in managing communication/correspondence, information and all matters of confidentiality

• Conducts research projects; supports the development/delivery of materials and presentations to management or broader audience

• Adheres to enterprise frameworks or methodologies that relate to activities for own business area

• May lead work streams by acting as a project lead/SME for medium-scale projects/initiatives in accordance with project management methodologies

• Protects the interests of the organization – identifies and manages risks, and escalates non-standard, high-risk transactions/activities as necessary

• Maintains a culture of risk management and control, supported by effective processes in alignment with risk appetite

• Is knowledgeable of and complies with Bank Code of Conduct

Employee/Team Accountabilities:

• Participates as a member of the team, supports a positive work environment and ensures timely communication

• Supports team by regularly enhancing knowledge/expertise in own area and participates in knowledge transfer

• Keeps current on emerging trends/developments and grows knowledge of the business, related tools and techniques

• Keeps others informed about the status/progress of projects

• Contributes to team development of skills and capabilities through mentorship of others, by sharing knowledge and experiences and leveraging best practices

• Contributes to a fair, positive and equitable environment

• Acts as a brand ambassador for your business area/function and the Bank

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 world's 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 95,000 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.

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.

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.

If you’re 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.

We're 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 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

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.