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Compliance Testing Manager - Wealth & Institutional Services Division, M&T Securities - 3DG5O in Buffalo, NY at M&T Bank

Date Posted: 2/15/2018

Job Snapshot

Job Description

BASIC FUNCTION:
The M&T Securities Compliance Testing Manager is responsible for the managing, leading, and execution of compliance testing engagements utilizing a risk based approach in line with department standards to ensure the Bank’s compliance with all FINRA, MSRB and SEC applicable laws, rules & regulations.  The Compliance Testing Manager is also responsible for the oversight and coaching of team members to deliver a quality product in line with department standards. As a member of the Compliance Testing Group Management Team, this leadership role supports continued enhancements to testing methodology, ongoing stakeholder engagement, talent management, and overall promotion of the Compliance Testing Group within the organization. 

POSITION RESPONSIBILITIES:
Oversee planning and execution of testing, including multiple simultaneous tests across a defined testing portfolio.
Review work papers of all Testing Analysts, and provide related feedback to Testing Analysts.
Draft recommendations to communicate substantive testing issues and control execution weaknesses.
Review test findings with testing management and other compliance officers to confirm validity of issues; make recommendations to Senior Compliance Testing Manager regarding the appropriate tier rating of identified issues.
Ensure testing engagements are completed within established timeframes and/or provide early escalation of anticipated delays to senior management.
Serve as knowledge resource and coach for all staff.
Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
Promote an environment that supports diversity and reflects the M&T Bank brand.
Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
Exercise usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, performance management and terminations.
Complete other related duties as assigned.

NATURE AND SCOPE:
The position works independently with limited oversight from management, is required to exercise independent judgment and discretion.
The position collaborates extensively with (a) Corporate Compliance subject matter / business line deputies to understand applicable legal and regulatory requirements, (b) business unit staff and PCMs to understand work flows and processes and (c) Internal Audit as a resource for review and coordination of testing plans and methods (to assure that testing methods used are consistent with those generally used by internal audit).
The position has substantial contact with internal departments / positions within M&T Bank Corporation and its subsidiaries, to include, but not be limited to: Counsel’s Office, Internal Audit and business units throughout the entire Enterprise.
The position interacts with external contacts including Bank Supervisors and Examiners, attorneys and peer at other institutions.

MANAGERIAL/SUPERVISORY RESPONSIBILITY:
This position will manage a team of 3 to 10 Testing Analysts.

MINIMUM QUALIFICATIONS REQUIRED:
Bachelor’s degree in a business-related curriculum and 7 years relevant work experience, or in lieu of a degree, a combined minimum of 11 years’ higher education and/or work experience, including a minimum of 7 years' relevant work experience.
One year of leadership experience.
Proficiency with spreadsheet, presentation, and word processing software.

IDEAL QUALIFICATIONS PREFERRED:
MBA
FINRA Registrations 7, 24, 51, 63, 65, and 66
Related certifications (CRCP CPA, CIA, CISA, CAMS or similar)
Financial Services industry experience preferred
Knowledge of laws, rules, and regulations applicable to business units within assigned area of testing
Ability to communicate verbally and in writing to all levels of management
Ability to coordinate and work collaboratively with internal and external contacts on a daily basis
Experience in leading project initiatives
We encourage candidates with relevant military experience to apply.

About M&T
At M&T, we strive to be the best place our employees ever work, the best bank our customers ever do business with and the best investment our shareholders ever make. So when looking to advance your career, look to M&T. As a top 20 US bank holding company and one of the best performing regional banks in the country, we offer a wide range of performance based career development opportunities for talented professionals. And through our longstanding tradition of careful, conservative and consistent management and a strong commitment to the communities we serve, we continue to grow with a focus on the future.
M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer.
M&T Bank Corporation does not sponsor individuals for the purpose of obtaining H-1 Visas.
M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.