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BSA Compliance Specialist I - EDD at M&T Bank

Posted in Compliance 16 days ago.

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Type: Full Time
Location: Buffalo, New York

Job Description:

At M&T, we understand what's important when you're considering a career
change: a company with a solid history of responsible growth and
positive earnings. A company committed to the communities it serves.
One that rewards performance and provides employees with opportunities
to direct their own career paths. A company with a focus on the
future.

Basic Function
Responsible for assisting the Compliance Specialist II in 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.

Essential Position Roles and 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 Counsels 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.

-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.

Nature and Scope
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 members of various law
enforcement agencies.

Basic Qualifications
Bachelors degree or the equivalent in work experience
3 or more years experience in an audit, risk management, compliance or
investigative service experience or 6 plus years banking experience.

Technical Skills
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.
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.
Knowledge of the organizations operations, systems and practices
within business units.

Ideal Qualifications
Knowledge of BSA/AML and OFAC regulations
Management or supervisor experience
ACAMS Certification preferred.

M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer. M&T Bank Corporation does not sponsor individuals for the purpose of obtaining H-1 Visas. M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.

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