Director, Payments Strategy & Transformation

Job description

Work Location: New York, New York, United States of America Hours: 40 Line of Business: TD Securities Pay Detail: $190,000 - $225,000 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. Job Description: Preferred Qualifications: Department Overview: The Transaction Banking Value Creation Plan (VCP) is a phased initiative to help us realize our ambition to become a top 10 North American Treasury Bank of choice for Commercial, Corporate and Institutional clients. The VCP tasked with aligning the core business strategies, product development roadmaps and investment pools of our Commercial and Transaction Banking businesses across TD Bank, America's Most Convenient Bank, Canadian Business Banking and TD Securities in addition to driving essential transformation programs across our Customer Interaction, Payment Processing and Post Transaction infrastructures to provide the necessary foundational capabilities to integrate our existing business services and support the development of new features for our clients. About the Role While this role sits within the VCP team, it brings a broader enterprise strategy and transformation perspective to the mandate. The Director, Payments Strategy & Transformation will shape the enterprise payments agenda, connect strategic priorities to a multi-year transformation portfolio, and translate ambition into target-state capabilities, product and platform roadmaps, operating models, investment cases and executable delivery plans. The role will help drive modernization across payment initiation, processing, clearing, settlement, reconciliation and post-transaction services, ensuring the strategy addresses client outcomes, growth, efficiency, scalability, resilience, risk and regulatory obligations. Working across TD Bank and relevant enterprise partners in business, product, operations, technology, architecture, data, finance, risk and control functions, the Director will lead complex initiatives spanning payments strategy, transformation, platform consolidation and the creation of a multi-horizon roadmap for payment processing and post-transaction capabilities. The mandate includes wires, ACH and mass payments, real-time and instant payments, cross-border payments, SWIFT and ISO 20022, correspondent banking, liquidity and settlement, fraud and sanctions controls, APIs and ERP/TMS connectivity. This role requires the ability to structure ambiguous problems, define business and functional requirements, influence senior stakeholders, and drive disciplined execution in a global, matrixed environment. What Success Looks Like Success in this role means creating clarity from ambiguity, aligning senior stakeholders around a common payment's agenda leveraging top notch data analytics and insights and converting strategy into measurable execution. The Director will be recognized for producing high-quality insights, accelerating decisions, strengthening cross-functional collaboration and helping TD Securities deliver differentiated payments capabilities for its clients. Key Responsibilities • Own high-priority payments strategy and transformation engagements from problem definition and workplan development through recommendation, implementation planning and execution oversight. • Translate business objectives and client payment needs into target-state capabilities, process flows, product roadmaps, business requirements, prioritized backlogs and delivery artifacts. • Establish and govern business, functional and non-functional payment requirements across, pre-processing, processing, clearing, settlement and post transaction reporting and servicing. • Ensure payment requirements address applicable scheme, clearing and regulatory obligations, including ISO 20022 message and structured-data standards, SWIFT and domestic rail requirements, sanctions and AML controls, fraud monitoring, data retention, operational resilience, cybersecurity, privacy and auditability. • Lead strategic design for wires, ACH and mass payments, real-time and instant payments, cross-border services, request-to-pay, confirmation or pre-validation of payee, rich remittance data, payment tracking and exception management, while evaluating emerging capabilities such as tokenized deposits and digital assets. • Partner with leaders across business, product, operations, engineering, design, risk, compliance and legal to align priorities, resolve dependencies and advance transformation outcomes. • Conduct in-depth research to support complex analyses of market demand, market dynamics, competitive positioning, emerging payment models and technologies which could impact the future of payments (e.g., digital assets) to identify strategic choices and growth opportunities. • Prepare clear, compelling presentations, memoranda and decision materials for C-suite executives and Boards, synthesizing key issues, evaluating options and articulating actionable recommendations. • Design and lead executive workshops and working sessions, challenge established assumptions constructively and build consensus across diverse stakeholder groups. • Coordinate investment priorities, resources, milestones, risks and interdependencies to reduce duplication, address technical and operating debt and accelerate delivery of reusable capabilities. • Establish transformation governance