Compliance Specialist I - Financial Investigations Unit (FIU)

** Work location/Arrangement: This is remote position, preferably in the Eastern Time Zone, possibly the Central Time Zone, & ideally located within the M&T Bank footprint.

Responsible for assisting the Compliance Specialist II in ensuring adherence to State and Federal regulatory compliance with the Bank Secrecy Act, USA PATRIOT Act and OFAC. Interacts with business unit compliance personnel to ensure compliance with laws and regulations.

Primary Responsibilities:

• Legal & Regulatory Risk Management. Assesses and mitigates the risks associated with high risk customers through enhanced due diligence review and suspicious activity identification throughout M&T Bank Corporation to ensure compliance with Federal and State laws and regulations and to minimize penalties and reputational losses.
• Legal & Regulatory Identification & Communication. Remains current on legal and regulatory requirements in cooperation with Counsel’s Office, as applicable.
• Compliance Policies & Control Procedures. Implements internal policies and control procedures with a thorough knowledge and understanding of guidance, laws and regulations. Makes recommendations to improve policies and procedures to maximize departmental resources.
• Customer Due Diligence/Enhanced Due Diligence and Suspicious Activity Identification and Reporting. Detects, monitors, analyzes and reports suspicious activity with respect to money laundering and terrorist financing. Monitors complex customer activity in order to ensure that M&T is not doing business with persons involved in money laundering or terrorist financing or with prohibited persons or entities designed by OFAC and other law enforcement agencies.
• Responsible for performing tasks in a manner that are compliant with applicable laws and regulations and / or that serve to help the company be in compliance with laws and regulations that apply to the business line the position supports.

• Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.

• 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.

Scope of Responsibilities:

• The position works within supervision of the BSA Compliance Specialist II and is required to exercise independent judgment, discretion and includes decision-making in lieu of the BSA Compliance Specialist II.
• The position has contact with internal departments of M&T Bank Corporation and its subsidiaries.
• The position involves establishing and maintaining relationships with external contacts including but not limited to members of various law enforcement agencies.

Supervisory/ Managerial …