• Job Description

  Req#: R68591

  Overview:

  Responsible for 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.

  • Thoroughly investigate cases of potential and suspected fraud. Further identify any potential money laundering activity within the investigation.

  • Investigating cases for fraudulent activity encompassing fraud and money laundering.
  • Maintain and manage a case load while meeting competing SLA requirements.
  • Make determinations based on your high-quality investigation and in line with external regulations and internal policies.
  • 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 customers, members of various law enforcement agencies and state agencies for financially exploited individuals.

  Supervisory/ Managerial Responsibilities:

  Not Applicable.

  Education and Experience Required:

  Bachelors’ degree or the equivalent in work experience

  3+ years’ experience in an audit, risk management, compliance or investigative service experience or 6+ years banking experience.

  Proficient personal computer skills to include spreadsheet, word-processing, database systems and other software utilized by the department.

  Excellent written, verbal communication and presentation skills.

  Must have the ability to communicate complex information by adapting communication style to various internal and external audiences.

  Prior experience in a customer facing or public facing role.

  Interview and question victims, suspects, and third parties by phone to determine elements pertinent to the case.

  SAR documentation experience requried

  Strong understanding of bank wide systems, M&T Bank operations and systematic functionality.

  Strong analytical abilities and problem-solving skills.

  Must possess a strong ability to use expert resources, including the Internet.

  Exceptional ability to multi-task and prioritize projects.

  Ability to read and understand Federal and State guidance, laws, and regulations.

  Ability to coordinate and work collaboratively with internal and external contacts on a daily basis.

  Strong ability to identify efforts that will improve organizational efficiency.

  Record of achieving results in self and in fellow team members.

  Must have knowledge and experience to anticipate, identify and resolve problems.

  Must possess self-motivation and organizational skills.

  Education and Experience Preferred:

  Knowledge of BSA/AML and OFAC regulations

  Knowledge of Fraud Typologies

  Management or supervisor experience

  ACAMS Certification preferred.

  Knowledge of the organization’s operations, systems, and practices within business units.

  M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $ - $ Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.

  Location

  Clanton, Alabama, United States of America

• About the company

  M&T Bank Corporation is an American bank holding company headquartered in Buffalo, New York.

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