BSA Compliance Specialist I - EDDThe M&T Bank - Buffalo, NY
BSA Compliance Specialist I - EDD','3DFDM','!*!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 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. -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.
Ideal Qualifications:Knowledge of BSA/AML and OFAC regulations Management or supervisor experience ACAMS Certification preferred.
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.
Other Job Information: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 organization’s operations, systems and practices within business units. ','New York-Buffalo-Larkin Building','','Compliance / Risk','Full-time','Nov 13, 2017','Ongoing','','false','BSA Compliance Specialist I - EDD
10 days 14 hours ago
applyBSA Compliance Specialist I - EDD The M&T Bank - Buffalo, NY, United States
Times like these call for a financial services partner that has stood the test of time. Established in 1856 as Manufacturers and Traders Bank, today we’re the M&T Bank Corporation, one of the 20 largest US headquartered commercial bank holding companies, with current assets of $97.1 billion (as of June 30, 2015) and more than 650 branches, account access at over 1,500 M&T Bank ATMs and more than 15,000 employees throughout New York, Maryland, Pennsylvania, Washington, D.C., Virginia, West Virginia, New Jersey, Florida, Delaware and Toronto, Canada (Deposits with M&T are not insured by the Canada Deposit Insurance Corporation (CDIC)).
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