Executive Associate- Centralized Compliance
M&T Bank - New York, NY

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The Centralized Compliance department oversees the company s regulatory compliance programs that include Bank Secrecy Act/Anti-Money Laundering, Privacy and Fair Lending, and provides critical support to the businesses.This team develops and maintains risk assessments of the laws and regulations that impact businesses in which Corporation is engaged. Compliance keeps business lines abreast of legal / regulatory developments and regulatory enforcement activity, and manages relationships with regulatory agencies, particularly with regard to consumer and corporate compliance examinations. For existing as well as new products/services/distribution channels/markets, Compliance provides independent oversight over business line compliance efforts. This is accomplished through review and approval of business line compliance procedures, receipt of escalation reports from business line compliance monitoring mechanisms, monitoring the implementation of training programs, and receiving reports of completed selftesting and performing validation testing.

The Enterprise-wide Compliance Program is the combined effort of all compliance functions throughout Corporation's family of companies. The Enterprise-wide Compliance Program is coordinated by the Enterprise Compliance Officer and the Centralized Compliance Department. The focus of these efforts is to ensure that, on a risk-based basis, each business unit has the following in place to ensure substantial compliance with, and adherence to, all applicable laws and regulations:

  • Documented Procedures
  • Education / Training Programs
  • Monitoring of daily operations for adherence to laws and regulations
  • Periodic testing of operations for adherence to laws and regulations
  • Reporting and escalation of compliance issues to (a) Senior Management within the business unit, and (b) the Centralized Compliance Department. Reporting and escalation continues, as appropriate to Corporation's Enterprise-wide Risk Management Committee and, as appropriate, the Board of Directors (or appropriate sub-committees thereof)
The Executive Associate hired into Compliance will report directly to the bank's Compliance Officer. Responsibilities may include:
  • Using a risk-based approach, participate in the Compliance Testing Redevelopment project
  • Compliance policy framework and drafting, understanding the link between regulatory requirements and operational processes
  • Exposure to all business units throughout the organization, developing an understand of operational and compliance controls, as well as the risk rating philosophy
  • MBA degree required
  • Outstanding academic credentials
  • Minimum 2 years of professional work experience
  • Demonstrated leadership experience
  • Excellent written and verbal communication skills
  • Strong analytical and quantitative skills
  • Authorized to work in the U.S. on a full-time, permanent basis without additional sponsorship
Required experience: 2 - 5 years
Minimum required education: Master's Degree
Job category: Production & Operations

About this company
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M&T Bank is considered one of the country's most highly regarded regional banks. We were founded more than 150 years ago in Western New...