Senior Compliance Manager - BSA/AML Business Unit Liaison Officer

Overview:

Lead compliance risk management activities throughout the enterprise for the Office of Anti-Money Laundering (AML) Governance and Oversight. Set standards for AML governance structures and provide oversight of first line in managing AML risk. Design and manage execution of M&T’s AML control environment, including reporting and KPIs and implement enhancements to further strengthen culture of Compliance and Control.

Primary Responsibilities

Enterprise AML Oversight

• Oversee the Enterprise Bank Secrecy Act (BSA)/AML and Sanctions Compliance Program, the BSA/AML, and Sanctions Compliance Policy, as well as the Enterprise Know Your Customer Procedure.
• Manage and oversee AML controls performed by the first line of defense.
• Manage and oversee the Money Laundering Reporting Officers for specialty legal entities including the Canadian Branch, European Offices, and M&T Securities
• Identify, measure, and escalate compliance risk issues to the Chief BSA Officer and/or the Lines of Business (LOBs) as necessary.
• Implement and execute on strategic priorities for the group, potentially impacting the enterprise, assist to implement the priorities, and ensure ongoing compliance across the enterprise.
• Work with the Chief BSA Officer to engage other Risk Departments, Internal Audit, Legal and/or Regulatory Affairs regarding interrelated risk issues impacting operational, credit, strategic, reputation, market, liquidity, interest rate and capital risks.
• Acts as the Deputy BSA/AML and Sanctions Compliance Officer.

AML Program Governance

• Develop strategy and provide direction to support AML & sanctions compliance mission and goals to include the enterprise Know Your Customer processes, as well as the exit/derisking of customer relationships for due diligence failures.
• Manage and maintain enterprise-wide policies, standards, procedures and controls designed to achieve compliance with applicable laws, rules, and regulations and ensure the enterprise is operating within the Board-mandated compliance risk tolerance.
• Collaborate with Fraud and other investigative units to protect M&T and its mission.
• Serve as Principal Compliance Manager for BSA/AML; review and respond to Regulatory Notifications. Maintain expert knowledge of relevant rules, regulations and policy initiatives regarding detection, investigation, and reporting elements related to the BSA/AML program.
• Administer all BSA/AML group committees and serve as chair of BSA/AML Governance Committee.
• Assist in the development of enterprise-wide policies, standards, and procedures designed to achieve compliance with all applicable BSA/AML and Sanctions laws, rules, and regulations.
• Oversee enterprise Currency Transaction Reporting and CTR Exemption processes.

Business Unit Partnership & Monitoring

• Work collaboratively with cross-functional business partners to ensure effective and efficient solutions are implemented to resolve compliance issues related to financial crimes compliance.
• Act as primary liaison with all business units across the enterprise.
• Responsible for the deployment of Enterprise BSA/AML and Sanctions Compliance Training as well as appropriate Divisional level training.
• Evaluate and advise on new/revised products and services from a compliance risk perspective for assigned areas.
• Evaluate heightened risk and prohibited customer onboardings in collaboration with first line.

Regulatory & Audit

• Manage and assist in the 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.
• Liaise with Internal Audit and Compliance Testing in support of periodic reviews.
• Administer the remediation process for all findings and issues identified as part of audit, compliance test or regulatory exam.

• Exercise usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, performance management and terminations.
• 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.

Supervisory/ Managerial Responsibilities:

Manages subordinate managers. Full supervisory, development of team through professional leadership. Process ability to direct/persuade/influence across division and peers throughout the bank.

Experience and Education Required:

Bachelor’s degree with a minimum of 11 years’ experience in a banking/compliance or other relevant field in related subject matter function with a mastery of regulatory compliance or regulatory compliance support functions (such as governance, testing, examination management, or issues management) with 4 years’ managerial experience, or in lieu of a degree, a combined minimum 15 years’ advanced education and/or equivalent work experience, with 11 years’ experience in a banking/compliance or other relevant field in related subject matter function with a mastery of regulatory compliance or regulatory compliance support functions (such as governance, testing, examination management, or issues management) with 4 years’ managerial experience.

BSA/AML & The Office of Foreign Assets Control (OFAC): Laws and rules that apply to BSA/AML/Sanctions program including Customer Due Diligence, suspicious activity, OFAC and regulatory reporting.
Proven track record for being able to work autonomously and within a team environment

Experience and Education Preferred:

Association of Certified Anti-Money Laundering Specialist (CAMS).

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $140,621.49 - $234,369.15 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 Apply