Overview:
Lead and manage the broker-dealer compliance team. Responsible for ensuring the broker dealer operates in compliance with all relevant laws, regulations, and internal policies. Oversee the development and implementation of compliance programs, monitor regulatory changes, and provide guidance to senior management on compliance matters.
Personal responsibility and accountability to ensure FINRA compliance in the Institutional Broker Dealer.
This position has flexibility on location.
Primary Responsibilities:
- Develop and implement a comprehensive compliance program to ensure adherence to applicable laws, regulations, and internal policies.
- Provide subject matter expertise and guidance on compliance with all applicable SEC and FINRA rules and regulations.
- Manage MTS’s Written Supervisory Procedures to ensure they accurately reflect actual practice and address regulatory requirements and standards of conduct.
- Serve as the primary point of contact for regulatory agencies during audits and examinations.
- Manage and oversee continuous monitoring programs and reviews to identify potential compliance issues.
- Provide guidance and training to employees on compliance-related matters.
- Advise on the design of second line compliance monitoring and testing.
- Exercise usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, performance management, and terminations.
- Understand and adhere to the Company’s risk and regulatory standards, policies, and controls in accordance with the Company’s Risk Appetite. Design, implement, and enhance internal controls to mitigate risk on an ongoing basis. Identify risk-related issues needing escalation to management.
- 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:
M&T Securities, Inc. (MTS), a wholly owned subsidiary of M&T Bank Corporation provides institutional broker dealer services focused on supporting corporate clients through such offerings as institutional brokerage and securities underwriting.
Position will lead and manage the broker-dealer compliance team responsible for ensuring the broker dealer operates in compliance with all relevant laws, regulations, and internal policies. Will oversee the development and implementation of compliance programs, monitor regulatory changes, and provide guidance to senior management on compliance matters.
Supervisory/Managerial Responsibilities:
Broker Dealer Compliance team.
Education and Experience Required:
- Bachelor’s degree and ten (10) years' financial services industry experience with significant experience in senior level roles in broker dealer compliance or in lieu of degree a combined minimum of 14 years higher education and/or work experience including 10 years’ financial services industry experience with significant experience in senior level roles in broker dealer compliance.
- FINRA Series 7, 63, 79, and (24 or 14).
- Three years managerial/supervisory experience.
- Excellent communication skills, both verbal and written.
- Deep understanding of securities rules and regulations.
- Experience leading transformation or change initiatives.
Education and Experience Preferred:
- MBA or advanced degree.
M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $137,977.22 - $229,962.03 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.
Location: Boston, Massachusetts, United States of America
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