Compliance Advisor - Asset Management

at M & T Bank in Wilmington, Delaware, United States

Job Description


The Compliance Advisor in the Compliance Risk Management (“CRM”) organization will take on a key leadership role in identifying, assessing, and mitigating risk (including but not limited to operational and regulatory risks). Incumbents will lead complex compliance risk management activities and provide guidance for an assigned area of responsibility, while working with senior business line leadership to implement and execute the compliance strategy and advise on prioritization of compliance risks.

Primary Responsibilities:

+ Consult with senior managers of business units on complex compliance matters.

+ May assist in oversight of state, federal, domestic and possibly international regulator relationships and examinations including the Federal Reserve, OCC, SEC, DOL, FINRA, CFPB, State of New York, and/or the State of Delaware, as applicable.

+ Evaluate the effectiveness of existing processes and recommend new processes that most effectively anticipate, manage, and reduce risk to the business.

+ Develop and communicate recommendations that support adherence to regulations, industry best practices and/or the CRM program.

+ Maintain subject matter expertise and understanding of the laws, rules and regulations with which the business and/or CRM must comply and an awareness of issues of recent regulatory focus.

+ Develop and/or deliver training to support employees in fulfilling their compliance responsibilities.

+ Escalate and measure compliance risk issues to leadership and the lines of business, as well as the 1st and 2nd Lines of Defense, as necessary.

+ Liaise with CRM departments as appropriate in the execution of CRM program components.

+ Assist in Risk Assessment to identify compliance risk exposure and help the organization prioritize compliance risks.

+ Assess compliance issues presented through complex new/revised product and service offerings and work closely with senior leaders of business units to plan a response.

+ Work with senior leaders of business units and/or CRM to design a plan for timely and effective resolution of complex issues identified through monitoring and testing.

+ May interact with State and Federal Regulatory Agencies, numerous risk and executive management, lines of business, and support organizations such as Internal Audit and Legal on an ongoing and regular basis to ensure the enterprise is operating within the Board-mandated compliance risk tolerance.

+ 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.

Specific to Posting:

Working knowledge of applicable laws and regulations, including, but not limited to the following depending on the position’s area of responsibility:

- Asset Management: The Investment Advisers Act, the Investment Company Act, and all rules and regulations related thereto as well as SEC guidance on such matters.

- Wealth Advisory: Wealth related investment laws and regulations, for example Regulation 9; Fiduciary Activities of National Banks.

-Governance: Issues management, examination management, reporting, risk assessment, quality control and assurance, budgeting, technology solutions, compliance training

-Enterprise: Laws and rules that apply across the enterprise, such as privacy rules, FCRA, TCPA, Reg W, the Volcker Rule, Reg O, etc -

Scope of Responsibilities:

The Compliance Advisor works under general supervision of the Compliance Manager but exercises a high level of judgment and discretion to resolve problem situations independently.

Effective communication and collaboration with Senior Leadership and M&T Bank Executive Management is expected in the role.

The Compliance Advisor must understand when situations warrant escalation to the M&T Bank Chief Compliance Officer, Legal, or when other consultation is needed.

The Compliance Advisor position is essential to ensuring compliance. Failure to adhere to regulations could result in significant long-term negative impact due to severe penalties from regulators and to legal and reputational risk.

This position must maintain positive working relationships with CRM staff, business line owners, as well as maintaining significant contact with 2nd Line Risk Management, Legal, Audit, and other M&T subsidiaries and departments. The Compliance Advisor also interacts with external contacts, including regulators/examiners, vendors, and peer companies.

Education and Experience Required:

A combined minimum of 12 years’ higher education and/or work experience, including 8 years’ experience in compliance, legal, audit, risk or other relevant function.

Proficient computer skills (including spreadsheet and word processing software).

Strong analytical skills.

Working knowledge of applicable laws.

Strong written and verbal communication skills.

Education and Experience Preferred:

Juris Doctor or Master’s degree preferred;

Thorough knowledge of operations, systems, and practices within subject matter business units

Knowledge of bank-wide policies and procedures in responsible area


Wilmington, Delaware, United States of America

At M&T Bank, we make a difference in people’s lives. For more than 160 years, we’ve been providing our customers with guidance and financial solutions, leading our communities through challenges and growth opportunities, and empowering our employees to build purpose-driven careers.
Our talent and culture set us apart. Our core values drive the work we do – integrity, ownership, collaboration, curiosity, candor. We seek to further build upon our record of success by bringing in diverse talents and fresh skill sets while supporting the growth and development of all team members. At M&T, we are a talent and people driven organization. Take a peek inside M&T’s Human Capital Report to learn how it feels to be one of our 17,000+ employees.
We are constantly renewing. Our future success relies on our ability to understand what’s important to our customers and use that understanding to build new and innovative customer experiences.
We support our employees every step of the way.

Competitive compensation
- Full medical & dental benefits, Heath Savings & Flexible Spending Accounts, and life/disability insurance
- Generous paid time off (PTO) plus 11 paid holidays and an option to buy additional PTO
- 401(k) match at 5% with options for Roth and discretionary employer contributions
- A deep commitment to equity, including 14 resource group charters, a D&I sponsorship program, 40 annual paid volunteer hours and more
- Various options for tuition assistance, paid parental leave, stock purchase, wellness and employee discounts

We need you. Are you ready to join us? Apply today to start the journey.
If you are unable to apply through this site due to technical issues, please contact us at for assistance.
M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer, including disabilities and veterans.
M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.

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Job Posting: JC194808742

Posted On: Oct 14, 2021

Updated On: Nov 30, 2021