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Deputy Compliance Officer - 3DHQH in Buffalo, NY at M&T Bank

Date Posted: 4/10/2018

Job Snapshot

Job Description

Basic Function:
Responsible for oversight compliance with respect to laws and regulations applicable to subject matter business activities of the bank. Subject matter business activities can include: Deposits, Lending, Fiduciary, Broker Dealer, Insurance, Investment Advisor, Administrative Support or combinations thereof. Interact with business unit compliance personnel and senior management to ensure compliance with laws and regulations.
Responsibilities:
(a) Legal & Regulatory Risk Ranking. With advice and assistance of Counsel, identifies and risk ranks laws and regulations applicable to the subject matter business activities for which the position is responsible. (b) Legal & Regulatory Updating & Dissemination. Uses internet and other means to remain current on legal and regulatory requirements and, in cooperation with Counsel's Office, disseminates to business unit compliance coordinators and senior and middle management within assigned subject matter businesses any changes and/or new regulatory guidance with regard to applicable laws, regulations and common law. (c) Product & Services Risk Ranking. Provides guidance and oversight to business unit compliance coordinators and senior and middle management within assigned subject matter businesses to perform, maintain and periodically review and update a risk-based, sub-categorization of products and services offered by the business lines organized according to the applicable laws and regulations that impact them. (d) Compliance Policies & Control Procedures. Provides guidance and oversight to business units compliance coordinators and senior and middle management within assigned subject matter business to develop, design and document policies and control procedures requiring a working knowledge and understanding of laws, common law and regulations applicable to the subject matter. While the principal responsibility for the development of procedures rests with the business line and the position serves as a subject matter expert / advisor to the business line and also functions to review and approve of policies to facilitate consistent development and documentation of policies and procedures across multiple business lines. (e) Training Plans. Develops the curriculum and training materials for employees concerning underlying legal and regulatory requirements with which assigned business units must comply. This requires a working knowledge and understanding of laws, common law and regulations applicable to the subject matter. Also provides guidance and oversight to business units compliance coordinators and senior and middle management within assigned subject matter business on the development of curriculum and training materials concerning the specific policies and control procedures used within the business line to assure compliance. (f) Test Plans. Provides guidance to the Deputy Compliance Testing Officer, the business unit compliance coordinators and senior and middle management within assigned subject matter businesses with regard to development of test plans to assure compliance with laws and regulations. Also, along with the Deputy Compliance Testing Officer provides oversight over business unit compliance coordinators in the implementation of test plans. (g) Supervision & Management. Provide direction to Corporate Compliance Specialists with specific subject matter expertise concerning specific laws, regulations and common law that are dedicated to particular business lines. Exercise managerial authority over staff with respect to hiring, staffing, salary recommendations, performance management, employee development, and termination.
Minimum Qualifications:
Bachelors' degree or the equivalent in work experience with a minimum seven years experience in corporate compliance related position (whether in a centralized corporate compliance department or embedded within a business unit) or 10 years experience in a related subject matter management function with extensive exposure to regulatory compliance. Management experience required. 
 
OR 
 
A juris doctorate and three years experience in employment in a bank or other related institution with consistent exposure to regulatory compliance. Management experience required. 
 
Ideal Qualifications: Three to five years supervisory experience. Proficient personal computer skills to include spreadsheet, word processing and database systems. Ability to use internet to access and download regulatory compliance information available on government websites. Knowledge of organizations, operations, systems and practices within subject matter business units. Ability to read and understand laws, regulations and common law applicable to subject matter. Ability to apply laws, regulations and common law principals to practices within subject matter business units and assist in the development of clear policies and procedures designed to assure compliance with them. Ability to communicate orally and in writing to communicate with senior / middle management within business units and to coordinate effectively with embedded business unit compliance coordinators. Ability to prepare reports for internal use and use with external bank examiners. Ability to coordinate and work collaboratively with internal and external contacts on a daily basis. Skill to diplomatically deal with and respond to requests from bank examiners. Ability to exercise judgment and sound discretion and understand when formal legal interpretive advice is needed.
 
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.