Senior Compliance Manager - BSA/AML Business Unit Liaison Officer

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 …