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Compliance Testing Manager in Buffalo, NY at M&T Bank

Date Posted: 11/26/2018

Job Snapshot

Job Description

The 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 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.

Interface with all layers of the organization independently to obtain information related to processes and controls.
Perform compliance testing in accordance with department and professional standards.
Oversee planning and execution of testing, including multiple simultaneous testing engagements across a defined testing portfolio.
Ensure testing engagements are completed within established timeframes, and/or provide early escalation of anticipated delays to senior management.
Draft and communicate substantive testing findings and control execution weaknesses to all levels of compliance and business unit management under the direction of a Manager.
Lead collaborative testing team discussions with all levels of management where judgment and opinions are effectively challenged.
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.
Work with business units and compliance groups to ensure consistent understanding of requirements.
Responsibilities may also include system administrative duties such as maintenance, validation, and/or updating in the compliance data management system (Archer).
Review work papers of all team members and provide related feedback, coaching, and mentoring.
Build a working relationship with mid-level Internal Audit, Business Units, and Corporate Compliance Portfolio Managers.
Encourage integrated testing approaches with the data & systems team and make suggestions on testing approaches to improve the efficiency and effectiveness of testing procedures.
Serve as knowledge resource for all staff.
Exercise authority of a manager concerning staffing, performance appraisals, promotions, performance management, and terminations.
Maintain a comprehensive working knowledge of regulatory requirements to ensure an appropriate level of testing.
Provide feedback to team members regarding assessments of business unit process and controls and respective risk focused input on effectiveness and efficiency of testing approach.
Independently document and assess all levels of test scripts.
Participate in special projects and department wide initiatives, as necessary.
Multitask assignments and meet established deadlines.
Understand and adhere to the Company’s risk and regulatory standards, policies, and controls in accordance with the Company’s Risk Appetite. Identify risk-related findings needing escalation to a Manager.
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.
Complete other related duties as assigned.

The position works under the direction of the Senior Compliance Testing Manager, and is required to exercise independent judgment and discretion utilizing a risk based approach.
The position collaborates extensively with (a) Corporate Compliance subject matter deputies (PCMs) to gain an appropriate understanding of applicable 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.
The position will interact with external contacts including Bank Supervisors/Examiners and peers at other institutions.

Manage a team of 3 - 10 Testing Analysts.

Bachelor’s degree in a business-related curriculum and a minimum of 5 years relevant work experience (Compliance, Audit, or Risk Management), inclusive of 2 years' supervisory experience, OR in lieu of a degree, a combined minimum of 9 years’ higher education and/or work experience, including a minimum of 5 years' relevant work experience and 2 years' supervisory experience.
Demonstrated coaching experience.
Ability to read and understand laws, regulations, and common law applicable to subject matter.
Ability to exercise judgment and sound discretion, and understand when Corporate Compliance Management guidance is needed.
Strong, comprehensive understanding of financial services functions.
Ability to thrive in a collaborative, team-oriented environment.
Strong interpersonal skills, having the ability to effectively communicate both orally and in writing to mid-level management.
Strong organizational and analytical skills.
Possess regulatory subject matter expertise related to aspects of the portfolio.
Strong proficiency with spreadsheet, presentation, and word processing software.

Related certifications (CPA, CIA, CISA, CAMS or similar certifications)
MBA or Master's Degree in an appropriate field

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.