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Senior Compliance Officer - 3DHQF in Buffalo, NY at M&T Bank

Date Posted: 4/10/2018

Job Snapshot

Job Description

Basic Function
Responsible for assisting the Deputy Compliance Officer and / or in the management of oversight compliance with respect to laws, regulations, and / or programs 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 departmental and business unit compliance coordinators, senior and middle management to ensure compliance with laws and regulations. May supervise other Centralized Compliance personnel with specific subject matter expertise concerning federal banking laws dedicated to particular business line(s). Collaborate with other subject matter Centralized Compliance personnel and with Internal Audit to develop and implement test plans to assure compliance with laws and regulations.
Essential Position Responsibilities
(a) Legal & Regulatory Risk Ranking. Assists the Deputy Compliance Officer in managing and maintaining the process of identifying and risk ranking 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 as applicable, disseminate 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. May include the preparation and/or presentation of regulatory risks/compliance updates to the Deputy Compliance Officer and / or Enterprise Compliance Officer and for other project and/or committee related purposes as needed.
(c) Risk Ranking. In collaboration with the Deputy Compliance Officer, responsible for managing the direct guidance, oversight, support, and subject matter expertise to business unit compliance coordinators and other business unit related personnel, and senior and middle management. Manage the performance, maintenance and periodic review and updates of the banks risk-based assessment model of regulatory requirements according to inherent and/or associated monetary, reputational and/or regulatory risk. Represents the Centralized Compliance Department at Project Control Committee Meetings for new products and services and may include attending occasional Senior Level Management meetings.
(d) Compliance Policies & Control Procedures. In collaboration with the Deputy Compliance Officer responsible for managing the direct guidance, oversight, support, and subject matter expertise to business unit compliance coordinators, other business unit related personnel, and senior and middle management. Manage the development, design and documentation of program(s), policies and control procedures requiring a thorough knowledge and understanding of laws, common law and regulations applicable to the subject matter. Although the principal responsibility for the development of procedures rests with the business line, the Senior Compliance Officer serves as a subject matter expert advisor. Functions also include the review and approval of policies and procedures across multiple business lines to facilitate consistent development and documentation of the same.
(e) Training Plans. Provides guidance and support to business unit compliance coordinators, senior and middle management within assigned subject matter businesses on the development of specific curriculum and training materials concerning policies and control procedures used within the business line to assure compliance. Oversee the development of a bank-wide curriculum and/or training materials for employees concerning underlying legal and regulatory requirements. The position requires an in-depth knowledge and understanding of the laws, common laws and regulations applicable to the subject matter.
(f) Test Plans. Provides guidance and assistance to the Deputy Compliance Testing Officer, the business unit compliance coordinators and senior and middle management within assigned subject matter businesses. Also the position may include the development, review, and performance of test plans; reporting and review of results; and provide guidance to others to assure compliance with laws and regulations. Also, along with the Deputy Compliance Testing Officer, provide oversight to business unit compliance coordinators in the implementation of test plans. Identifies issues that may arise with the implementation of a test plan and works with the Testing Deputy, Business Line and / or Counsel s Office to resolve issues prior to testing.
(g) Business Expansion. Manage regulatory risk/compliance due diligence process associated with mergers and acquisitions related to subject matter.
(h) Other. Perform other related assignments as requested by management and in support of compliance adherence.
Nature and Scope
The position works under minimal to limited supervision of the Deputy Compliance Officer and is required to exercise independent judgment, discretion and may include decision-making in lieu of the Deputy Compliance Officer.  The position has substantial contact with internal departments / positions within M&T Bank Corporation and its subsidiaries, including members of middle, senior, and executive management. The position involves establishing and maintaining relationships with external contacts including but not limited to Bank Supervisors and Examiners, attorneys, vendors and peers at other institutions.
Supervisory Responsibility
Manage, assist and provide guidance to other Centralized Compliance personnel. May also include exercising managerial authority with respect to staffing, hiring, termination, performance appraisals, and salary recommendations. Ability to work well with all levels of management.
Basic Qualifications
Bachelors degree or the equivalent in work experience with a minimum of six (6) 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 or supervisory experience required.
OR
A juris doctorate and three (3) years experience in employment in a bank or other related institution with consistent exposure to regulatory compliance.
Technical Skills
Responsibilities may also include system administrative duties such as the maintenance, validation, and / or updating of the Compliance Risk Assessment Model.
Proficient personal computer skills to include spreadsheet, word-processing and database systems.
Ability to exercise judgment and sound discretion and understand when either Centralized Compliance
Management or formal legal interpretive advice is needed.
Demonstrated strong written / verbal communication and presentation skills.
Strong analytical abilities and problem solving skills.
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.
Effective project management skills.
Ability to communicate orally and in writing with middle management and to coordinate effectively with embedded business unit compliance coordinators.
Must have a strong understanding of bank-wide systems, M&T Bank operations and systemic functionality.
Ability to use Internet to access and download regulatory compliance information available on government websites.
Ability to complete reports for internal use and for use by various external bank examiners.
Ability to coordinate and work collaboratively with internal and external contacts on a daily basis.
Skill to diplomatically interact with and respond to requests from bank examiners and /or internal audit as required.
Other Job Information
Knowledge of organizations, operations, systems and practices within subject matter business units.
Ability to multi-task and prioritize projects.
Strong management and supervisory skills.
Must be able to develop successor and talent pools by instilling a sense of cooperation and team work in staff.
Strong ability to identify efforts that will improve organizational efficiency.
Must have knowledge and experience to anticipate, identify, and resolve problems.
Must possess self-motivation and organizational skills.
 
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.