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Title posted on CareerBeacon - Compliance Business Oversight Manager
Posted on November 23, 2024 by Employer details TD Bank
Job details
Work Location:Toronto, Ontario, CanadaHours:37.5Line of Business:CompliancePay Details:$91,200 - $136,800 CADTD 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 candidate's 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.Job Description:JOB DESCRIPTION & KEY ACCOUNTABILITIESDo you want to dive into the intersection of fairness and AI? Do you want to tackle how we can leverage explainability approaches to understand models? Are you passionate about technology and ethics? Are you interested in how governments and regulators are looking to address risks from AI and Generative AI? If so, then this is a job for you. As the backbone of our financial system, banks have rich large-scale datasets and are rapidly adopting modeling solutions to improve customer experience and drive business performance, including AI and machine learning. While models are increasingly pervasive across society, there are many outstanding questions and challenges to ensure that model outcomes are fair and transparent. In this position, you will play a key role in ensuring the appropriate application of models.This position reports to the Senior Manager, Compliance Oversight of Models Office. Detailed accountabilities include:Identify, analyze, summarize and report on AI-related laws, rules, and regulatory developmentsLead regulatory change management activities for COMO, liaising with internal stakeholdersProactively advise the business of new and changed regulation and/or policyUpdate TD policy and standards and develop new artifacts based on updated / new laws, rules, and regulationsPerform independent inherent and residual risk assessments of the business segments, including evaluation model development procedures and practices against AI regulationsDevelop training materials and guidelines to help businesses address regulatory compliance and regulatory change throughout the model lifecycleReview regulatory compliance management of AI initiatives across TD and build a close working relationship with business units across the EnterpriseTEAM DESCRIPTIONThe successful candidate will join the Compliance Oversight of Models Office (COMO), an interdisciplinary team that sits at the intersection of data science, regulatory understanding, and ethics. COMO is responsible for the global compliance oversight of models from a regulatory compliance perspective. COMO's oversight spans the model lifecycle and engagement with disparate model stakeholders. The COMO mandate includes but is not limited to:Assessing models for regulatory compliance;Providing oversight and independent challenge to approaches used to identify, assess, and address regulatory compliance risk; and Supporting the business in monitoring regulatory compliance and removing or mitigating risk throughout the model lifecycle.COMO embraces a multidisciplinary approach, celebrating the alternative, multi-faceted perspectives needed to ensure that AI is developed and deployed ethically. COMO is committed to helping team members develop professionally and expand their horizons because the best way to address the challenges of tomorrow is to have a team that can see those challenges today. DEPARTMENT OVERVIEWThe Global Compliance Department mission is to foster a culture of integrity, ethics and compliance and deliver independent risk management and oversight of regulatory compliance risk and conduct risk thro- LocationToronto, ON
- Workplace information On site
- SalaryNot available
- Terms of employment Permanent employmentFull time
- Starts as soon as possible
- vacancies 1 vacancy
- Source CareerBeacon #2111479
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