SVP; Compliance Advisor

Overview:

Lead Compliance Risk Management activities throughout the enterprise for their assigned area of responsibility.  The Compliance Advisor will help develop, implement, and execute strategy of the workflow and performance of personnel to ensure processes are completed in an accurate and timely manner. The Compliance Advisor operates under the firm’s second line of defense independent control function by executing program activities that prevent, detect and mitigate regulatory and compliance risk across the division.

Primary Responsibilities:

• Provide compliance oversight, support and guidance for Asset Management products and personnel in accordance with fiduciary standards, applicable laws, rules, regulations, and regulatory expectations
• Analyze and assess risk and control environment and provide relevant SME credible challenge, advice, guidance and oversight in strengthening and developing risk mitigation strategies and necessary controls
• Provide SME advice and guidance relating to relevant employee conduct, and associated supervisory framework
• Interact with and assist in oversight of state, federal, domestic and possibly international regulator relationships and examinations including the Federal Reserve, OCC, SEC, DOL, FINRA, CFPB, State of New York, and/or the State of Delaware, as applicable
• Provide SME guidance on regulatory development implementation, including guidance related to policies/procedures, training, key risk indicators, governance, control implementation and supervisory framework needed  
• 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
• Assist in development and manage divisional and enterprise-wide policies, standards, procedures, training and control standards designed to minimize regulatory exposure
• Identify, measure, respond, and escalate compliance risk issues to the Compliance Director and/or the Lines of Business (LOBs) as necessary
• Work with the Compliance Director to engage other Risk Departments, Internal Audit, Legal and/or Regulatory Affairs regarding interrelated risk issues impacting fiduciary, operational, credit, strategic, reputation, market, liquidity, interest rate and capital risks
• Interact with numerous risk and executive management, lines of Business, and support organizations such as Internal Audit and Legal on an ongoing basis to ensure the division is operating within the defined Enterprise risk framework and Board-mandated compliance risk tolerance
• Participate and provide  expertise in relation to the Risk Assessment Process along with   identifying potential enhancements where necessary
• Execute on strategic priorities for the group as the Second Line of Defense, potentially impacting the enterprise, and ensure ongoing compliance across the division and enterprise
• Provide Second Line of Defense Credible Challenge to the Business line and senior management in assigned Line of Business by identifying, assessing, documenting, monitoring, and communicating risks, recommending solutions and evaluating ultimate resolution of such risks
• Demonstrate strong critical thinking and problem-solving skills with an ability to challenge/translate ambiguous issues into well-defined risk exposure statements and sustainable solutions
• Analyze and stay current on rules and regulations applicable to the sale of Asset Management, Fiduciary, Wealth and Private Banking products including individualized specialty lending and financing solutions, trading and investing strategies, financial management services, retirement and estate planning
• Evaluate and provide guidance with other stakeholders on new and evolving business products and services from a fiduciary and regulatory compliance risk perspective
• Perform testing oversight, including the review of surveillance activities and focused forensic reviews to assess compliance risks and identify potential breaches
• Promote an environment that values diversity and reflects the M&T Bank brand
• Complete other related duties as assigned.

Specific to Posting – Provide Advice, Guidance and Oversight to Organization and 1st Line Business Partners concerning:

• Related and Relevant Policies, Procedures and Industry Best Practices
• Asset Management, Wealth and Private Banking, and Fiduciary Risk supervisory concerns and practices
• Non-Deposit Investment Products (NDIP)
• Controls, Policies and Procedures
• Compliance Risk Assessments
• Root Cause Analysis
• Internal and Employee Investigations
• Employee Conduct
• Training creation and Delivery
• Rule 206(4)-7 Testing and Reporting
• Development and refinement of policies and procedures
• Interacting with Internal and External Examination Staff and assisting in responding to related findings/concerns
• Responsible banking: Fair lending laws and regulation (federal and state); unfair, deceptive and abuse acts and practices (UDAAP),
• Governance: Issues management, examination management, reporting, risk assessment, quality control and assurance, budgeting, technology solutions, compliance training
• Fiduciary, Wealth and Investment Management Rules and Regulations (Securities and Exchange Act of 1934, Investment Advisors Act of 1940, Investment Company Act of 1940, FINRA Rule and Regulations, Non-Deposit Investment Products (NDIP), Reg 9, Reg R, etc.)
• Related Information Barrier/Employee Trading Rules, Regulations and Practices
• Related Privacy Rules, Regulations and Practices
• Private equity and private placements
• Best Execution, Order Flow and Soft Dollars
• Product Development and Review
• Regulatory Filings
• Drafting, providing advice, guidance and SME relating to customer disclosures
• Marketing Collateral review and challenge (as needed)
• Testing and Project Management: All CRM testing functions as well as enterprise testing support to other departments
• Enterprise:  Laws and rules that apply across the enterprise, such as privacy rules, FCRA, TCPA, Reg W, the Volcker Rule, Reg O, etc –
• BSA/AML & OFAC: Laws and rules that apply to BSA/AML/Sanctions program including Customer Due Diligence, suspicious activity, OFAC and regulatory reporting.

Scope of Responsibilities:

The  Compliance Advisor works under general supervision of the respective Senior Compliance Manager and/or Compliance Director but exercises a high level of judgment and discretion to resolve problem situations independently. For this role, a thorough understanding of Asset Management, Wealth and Private Banking Products, Fiduciary Compliance Risk and how a Second Line Compliance Risk oversight department functions is key. Effective communication and collaboration with Senior Leadership and M&T Bank Executive Management is expected in the role

The Compliance Advisor must be skilled at challenging partners, policies, processes, risks, and controls,  but it is also essential to understand when situations warrant escalation to the M&T Bank Chief Compliance Officer, Legal, or when other consultation is needed.

The Compliance Advisor position is essential to ensuring compliance. Failure to adhere to regulations could result in significant long-term negative impact due to severe penalties from regulators and to legal and reputational risk.

This position must maintain positive collaborative working relationships with CRM staff, business line owners, as well as maintaining significant contact with 2nd Line Risk Management, Legal, Audit, and other M&T subsidiaries and departments. The Compliance Advisor also interacts with external contacts, including regulators/examiners, vendors, and peer companies.

Managerial/Supervisory Responsibilities:

Provide guidance to junior staff members.

Education and Experience Required:

Bachelor's Degree in related fields

10 years experience in compliance, legal, audit, risk or other relevant functions,

OR in lieu of degree,

A combined minimum of 14 years higher education and/or work experience, including 10 years compliance, legal, audit, risk or other relevant function

Working knowledge of relevant regulations, regulatory guidance and industry best practices

Experience providing guidance and credible challenge in relation to sales practices, supervisory structure and enhancement of supervisory framework

Education and Experience Preferred:

Juris Doctor or Masters degree preferred;

Thorough knowledge of operations, systems, and practices within subject matter business unit(s) (Fiduciary conduct standards)

Knowledge of relevant and related regulations, investment product knowledge, regulatory guidelines and expectations, industry best practices, and policies and procedures in responsible area

Broker-Dealer and investment adviser compliance and operational oversight experience preferred Proven track record in risk assessment and control oversight (including significant experience in identifying regulatory compliance risks, control issues, implementing corrective actions and best practices).

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $100,611.94 - $167,686.57 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation. The range listed above corresponds to our national pay range for this role. The specific pay range applicable to you may vary based on your location.

LocationClanton, Alabama, United States of America