Senior Compliance Group Manager - Collections

$141,960 - $230,880/Yr

TD Bank - Portland, ME

Full-time - Senior

Portland, ME

10,001+ employees

Credit Intermediation and Related Activities

About the position

The Senior Compliance Group Manager - Collections at TD Bank is responsible for overseeing compliance functions related to Collections and Residential Default Management. This role involves leading a team of compliance professionals, developing and implementing policies and procedures to ensure adherence to applicable laws and regulations, and acting as a resource for internal clients on compliance issues. The position requires a strong background in default loan servicing and compliance management, with a focus on maintaining a robust regulatory compliance program across various lines of business.

Responsibilities

• Oversee compliance functions for Collections and Residential Default Management.
• Lead a team of compliance professionals and provide coaching and counseling as needed.
• Develop and implement policies and procedures to ensure compliance with applicable laws and regulations.
• Create and execute monitoring to track line of business performance.
• Act as a resource for internal clients for issue remediation and regulatory interpretation.
• Participate in annual risk assessment processes and routine monitoring plan meetings.
• Manage compliance aspects of laws and regulations impacting the company's operations.
• Oversee the development of internal processes to identify and manage compliance risks.
• Direct the performance of specialized programming tasks related to compliance databases.
• Represent the department in various company committees and forums.

Requirements

• Undergraduate degree or equivalent work experience.
• 10+ years of experience in compliance or related fields.
• Proven success in leading banking compliance teams.
• Strong written and verbal communication skills.

Nice-to-haves

• CRCM certification and/or JD.
• Experience with Reg. Z, Reg. X, FCRA/Reg. V, Flood, SCRA regulations.
• Knowledge of Performing and Default Loan Servicing.

Benefits

• Base salary and variable compensation/incentive awards.
• 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 opportunities.