Senior Compliance Consultant Asset Management - Global Fiduciary Risk Oversight (Hybrid - See J[...]

Work Arrangement/Location: This is a hybrid position requiring in-office work four days a week and will be based at Metro NYC, Radnor, PA, Wilmington, DE or Buffalo, NY.Overview:Complete 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 expectationsAnalyze 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 controlsProvide SME advice and guidance relating to relevant employee conduct, and associated supervisory frameworkInteract 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 applicableProvide SME guidance on regulatory development implementation, including guidance related to policies/procedures, training, key risk indicators, governance, control implementation and supervisory framework neededMaintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicableAssist in development and manage divisional and enterprise-wide policies, standards, procedures, training and control standards designed to minimize regulatory exposureIdentify, measure, respond, and escalate compliance risk issues to the Compliance Director and/or the Lines of Business (LOBs) as necessaryWork 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 risksInteract 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 toleranceParticipate and provide expertise in relation to the Risk Assessment Process along with identifying potential enhancements where necessaryExecute on strategic priorities for the group as the Second Line of Defense, potentially impacting the enterprise, and ensure ongoing compliance across the division and enterpriseProvide 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 risksDemonstrate strong critical thinking and problem-solving skills with an ability to challenge/translate ambiguous issues into well-defined risk exposure statements and sustainable solutionsAnalyze 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 planningEvaluate and provide guidance with other stakeholders on new and evolving business products and services from a fiduciary and regulatory compliance risk perspectivePerform testing oversight, including the review of surveillance activities and focused forensic reviews to assess compliance risks and identify potential breachesPromote an environment that values diversity and reflects the M&T Bank brandComplete 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 PracticesAsset Management, Wealth and Private Banking, and Fiduciary Risk supervisory concerns and practicesNon-Deposit Investment Products (NDIP)Controls, Policies and ProceduresCompliance Risk AssessmentsRoot Cause AnalysisInternal and Employee InvestigationsEmployee ConductTraining creation and DeliveryRule 206(4)-7 Testing and ReportingDevelopment and refinement of policies and proceduresInteracting with Internal and External Examination Staff and assisting in responding to related findings/concernsResponsible 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 trainingFiduciary, 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 PracticesRelated Privacy Rules, Regulations and PracticesPrivate equity and private placementsBest Execution, Order Flow and Soft DollarsProduct Development and ReviewRegulatory FilingsDrafting, providing advice, guidance and SME relating to customer disclosuresMarketing Collateral review and challenge (as needed)Testing and Project Management: All CRM testing functions as well as enterprise testing support to other departmentsEnterprise: 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.Education and Experience Required:Bachelor's Degree in related field.6 years’ experience in compliance, legal, audit or riskOR in lieu of degree,A combined minimum 10 years higher education and/or work experience, including 6 years in compliance, legal, audit or riskWorking knowledge of relevant regulations, regulatory guidance and industry best practicesExperience providing guidance and credible challenge in relation to sales practices, supervisory structure and enhancement of supervisory frameworkEducation and Experience 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 areaBroker-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 $109,300.00 - $182,100.00 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.LocationNew York, New York, United States of America #J-18808-Ljbffr M&T Bank Corporation