Head, Business Management & Strategy - Commercial Banking

Work Location:
New York, New York, United States of America

Hours:
40

Pay Details:
$250000 - $370000 USD

TD 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.

Line of Business:
Personal & Commercial Banking
Job Description:

The Head of Commercial Strategy, Business Initiatives, and Execution defines and delivers business strategy for the multiple verticals across the Commercial Bank. Key accountabilities include developing strategy that drives alignment of the vision of the Commercial Bank. This role is responsible for leading the Commercial Bank Horizontal focus on efficiency and growth across all lines of business. This role provides strategic insights by identifying potential risks in Commercial practices and implementation of changes. In addition, this role acts as champion and sponsor for many of the key investment strategies and coordinate execution of those ideas with the respective Vertical Product in Commercial. This role is also responsible for exploring and developing opportunities for new business development, to ensure efficient and profitable growth for all Commercial business lines.

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
• Defines the vision, roadmap and strategy for commercial business end-to-end
• Drives completion of Target Operating Model and Business Architecture to ensure alignment of vision to scope
• Ensures solutions fulfill program objectives and requirements, and align with enterprise strategies; considers business process and organizational change impacts at minimal cost to the Bank
• Effectively identifies and manages stakeholder engagement and impacts across the enterprise
• Leads Commercial Efficiency and Cost Management measurement system and strategy
• Partners with LOB Vertical Product Owners to bring championed and prioritized ideas to life
• Develops cost and efficiency scorecards for each LOB for Commercial
• Plays a leadership role in the design/discovery phase of key cost reduction initiatives, ensuring that we have a solid business case and high-level requirements/expectations before handing off to delivery organization(s)
• Reviews and challenges business line economic sanctions policies, standards, and procedures, at implementation and subsequent review
• Designs and implements Strategy to transform Commercial business across all business verticals with a focus on continuing to evolve in future
• Oversees the development and execution of complex strategic initiatives to support strategy across the Commercial business
• Responsible for researching and understanding the competitive landscape
• Manages the Capital Allocation to maximize return on equity for Commercial Bank
• Supports the continued growth and success of Commercial Bank to accomplish its strategic plan; designing and implementing innovative solutions, revenue generating strategies, and exploring untapped opportunities
• Understands various operating models to drive best practices; ensuring communication across all intra-Commercial and inter-bank teams
• Leads a large team of professionals executing one-time and on-going initiatives supporting the approved strategy, to drive organizational efficiency and growth
• Identifies and drives operational improvement initiatives to reduce expenses or re-align resources, improving Business line profitability
• Partners with multiple stakeholders across Business Lines, Shared Services and Control Groups to identify and execute initiatives

Education & Experience:

• Bachelor's degree or progressive work experience in addition to experience below
• 15+ years of related experience required
• In-depth knowledge of Commercial industry, including operations practices and legal and regulatory guidelines
• Highly organized, with demonstrated ability to develop, analyze, improve and apply complex policies, processes and procedures
• Ability to handle high-profile, high-pressure assignments with high growth potential, assimilating multiple business lines and cultures with many different business partners with ability to respond quickly to changing requirements and priorities
• Management skills, with ability to coach, train and motivate staff effectively
• Excellent communication skills, both verbal and written
• Highly organized, with demonstrated ability to develop, analyze, improve and apply complex policies, processes and procedures
• Ability to apply consultative relationship management and influencing skills across all levels with organizational prowess and work effectively with a broad range of stakeholders

Physical Requirements:

Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%

• Domestic Travel - Occasional
• International Travel - Occasional
• 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 deliver legendary customer experiences to 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 the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.

TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you've got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we're here to support you towards your goals. As an organization, we keep growing - and so will you.

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:
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. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD - and we're committed to helping you identify opportunities that support your goals.

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

If you are an applicant with a disability and need accommodations to complete the application process, email the TD Bank US Workplace Accommodations Program at USWAPTDO@td.com. Include your full name, best way to reach you, and the accommodation needed to assist you with the application process.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.