BSA Compliance Specialist I - FIU

Compensation

: $165,260.00 - $165,260.00 /year *

Employment Type

: Full-Time

Industry

: Legal



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Overview:
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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.
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.
* 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 members of various law
enforcement agencies.
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.
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
Management or supervisor experience
ACAMS Certification preferred.
Prior investment / securities experience
Prior legal experience
Prior BSA/AML experience
Ability to research, analyze and apply complex concepts
FINRA licensing is preferred, but not necessary
Knowledge of the organization s operations, systems and practices
within business units.
Location
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Buffalo, New York, United States of America
Associated topics: attorney, attorney corporate, compliance department, compliance office, corporate, internal, lawyer, legal, llp, market * The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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