Work Location:

Toronto, Ontario, Canada

Hours:

37.5

Line of Business:

Risk Management

Pay Details:

$175,000 - $255,000 CAD

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.

Job Description:

Reporting to Senior Vice President and Chief Risk Officer, Canadian Banking, Wealth and Insurance, the Vice President & Chief Risk Office (CRO), TD Insurance Risk Management plays a critical leadership role as part of the Insurance Leadership Team (ISEC) in defining and executing the insurance risk management strategy within TD Insurance (TDI). This executive will be responsible for ensuring that an effective risk culture, framework, and governance structure is in place to support TDI’s business segments and legal entities.

Serving as a key liaison between the business, the TDI Board, the TD Board (as required), Federal Regulators and the Risk Management function, this role provides independent oversight of insurance, operational, and reputational risks. The CRO will lead and direct the TDI Risk Management function to align with TD’s Enterprise Risk Management Framework.

This position requires a seasoned professional with insurance industry knowledge, actuarial and financial acumen, risk management experience, all combined with strong leadership capabilities to drive strategic risk initiatives and ensure regulatory compliance.

Key Responsibilities

Strategic Leadership & Risk Oversight

• Define, establish and uphold TD’s Insurance Risk Appetite and TDI’s segment-specific Risk Appetite, ensuring alignment with business objectives.

• Oversee independent 2nd line of defense activities for insurance, operational, and reputational risk across TDI.

• Partner with all control partners to support effective challenge and oversight of all risks, including compliance, financial crimes (AML), fraud and insider risk.

• Provide strategic recommendations to maximize return within the defined risk appetite, balancing risk and reward.

• Lead and execute a strong risk culture across the organization, fostering accountability and adherence to TD’s Risk Guiding Principles.

Governance & Regulatory Compliance

• Act as the primary interface for governance functions, ensuring effective engagement with senior management of TD Insurance.

• Ensure compliance with regulatory requirements, including oversight of the Own Risk Solvency Assessment (ORSA) process and associated capital requirements.

• Ensure the Appointed Actuaries fully discharge their regulatory responsibilities in compliance with risk policies.

• Lead management reporting and support Board-level risk reporting for TD and TDI.

Actuarial & Financial Risk Management

• Provide timely and actionable assessments of insurance profitability, underwriting trends, and future risk forecasts.

• Oversee policy liabilities valuation and the TDI forecasting process in collaboration with Corporate Actuarial teams.

• Define and manage the target capital requirements for each insurance-assuming entity.

• Ensure robust documentation and oversight of risk and control frameworks to meet evolving regulatory expectations.

Operational Efficiency & Risk Mitigation

• Develop and implement strategies for prudent expense management while maintaining risk integrity.

• Provide leadership in reinsurance program structures and risk transfer mechanisms.

• Own and maintain the TDI Risk Appetite Statement, ensuring independent assessment of material credit, operational, and reputational risks.

Qualifications & Experience

• Extensive leadership experience in risk management, insurance, and finance and/or actuarial functions within a large financial institution or insurance organization.

• Strong expertise in insurance risk, financial risk assessment, and regulatory frameworks governing insurance entities.

• Demonstrated ability to influence Board-level discussions and lead high-impact governance initiatives.

• Experience overseeing capital and solvency assessments, including ORSA and actuarial risk forecasting.

• Ability to foster a high-performance risk culture, ensuring strategic alignment with business objectives.

• Strong financial acumen, with expertise in risk-adjusted return analysis and insurance profitability assessment.

• Proven track record of leading risk transformation efforts and enhancing risk oversight within a complex regulatory environment.

Key Competencies & Leadership Attributes

• Strategic Thinker: Ability to develop a proactive risk management strategy that aligns with TD’s enterprise risk goals.

• Governance & Compliance Expertise: Deep understanding of risk governance, regulatory expectations, and actuarial principles.

• Influential Leader: Experience working with executives, boards, and regulators, driving key risk initiatives.

• Operational Excellence: Track record of optimizing risk frameworks while ensuring efficiency and control effectiveness.

• Stakeholder Engagement: Strong communication and relationship-building skills with business leaders, governance bodies, and regulatory agencies.

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 a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. 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.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

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
Your accessibility is important to us. Please let us know if you’d like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you!

Language Requirement (Quebec only):

Sans Objet