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Sr. Compliance Testing Analyst - M&T Securities in Wilmington, DE at M&T Bank

Date Posted: 11/17/2018

Job Snapshot

Job Description

The Sr Compliance M&T Securities Testing Analyst is responsible for the 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. These responsibilities include leading and planning the execution of testing and reporting, as well as, the oversight and coaching of team members to deliver a quality product in line with department standards with respect to M&T Securities, M&T Insurance Agency and investment advisor business units. 

Interface with all layers of the organization predominantly independently to obtain information related to processes and controls.
Perform compliance testing and branch inspections in accordance with department and professional standards.
30% travel to complete FINRA and other branch inspections throughout the M&T footprint
Specific compliance testing responsibilities include the planning and execution of control and substantive testing, assistance in the review of testing, and evaluating results to determine if control weaknesses or testing exceptions exist.
Organize and complete work within established timeframes predominantly independently, periodically providing updates of completion status to management.
Draft substantive testing findings and control execution weaknesses under the direction of a Manager.
Lead collaborative testing and branch inspection team discussions with all levels of management where judgment and opinions are effectively challenged.
Review test and branch inspections findings with testing management and other compliance officers to confirm validity of issues; make recommendations to 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 team members and provide related feedback, coaching, and mentoring.
Build a working relationship with line-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 team members.
Maintain a strong working knowledge of regulatory requirements to perform and ensure an appropriate level of testing.
Assess business unit process and controls under minimal direction or independently, and provide 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.
Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
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.
Maintain all current licenses in good order as well as completing required continuing education.
Complete other related duties as assigned.

The position works under the direction of the 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 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 may interact with external contacts including Bank Supervisors/FINRA Examiners and peers at other institutions.

Bachelor’s degree in a business related curriculum and a minimum of 4 years' relevant work experience (Compliance, Audit, or Risk Management), OR, in lieu of a degree a combined minimum of 8 years’ higher education and/or work experience including 4 years' relevant work 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.
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 line level management.
Strong organizational and analytical skills.
Possess regulatory subject matter expertise related to aspects of the portfolio.
Strong proficiency with personal computers as well as pertinent software packages.

FINRA knowledge and licensed preferred 7, 24, 53 63/65 or 66 and LAH.
Ability to use Internet to access and download regulatory compliance information available on government websites.
Ability to complete reports for internal use.
Knowledge of organizations, operations, systems and practices within subject matter business units.
Ability to multi-task and prioritize projects.
Must possess self-motivation and organizational skills.
Proficient personal computer skills to include spreadsheet, word-processing and database systems.
Strong analytical abilities and problem solving skills.
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.