BSA Compliance Analyst II - EDD

5 - 7 years experience  •  Financial Services

Salary depends on experience
Posted on 11/15/17
Buffalo, NY
5 - 7 years experience
Financial Services
Salary depends on experience
Posted on 11/15/17

Job Description

FUNCTION: Responsible for assisting the BSA Compliance Specialist II in order to ensure 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.
POSITION RESPONSIBILITIES: Legal & Regulatory Risk Management. Assists the BSA Compliance Specialist I & II  in assessing and mitigating the risks associated with suspicious activity identification and reporting and Office of Foreign Assets Control Compliance 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. Apply internal policies and control procedures with a knowledge and understanding of guidance, laws and regulations. Makes recommendations to improve policies and procedures to maximize departmental resources.
Suspicious Activity Identification and Reporting. Detects, monitors, analyzes and reports suspicious activity with respect to money laundering and terrorist financing.  Monitors 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.
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.
MINIMUM QUALIFICATIONS REQUIRED: Bachelor’s degree and 3 years relevant experience or in lieu of a degree a combined minimum of 7 years higher education and/or work experience including a minimum of 3 years relevant experience.
5 years of Banking Experience
Knowledge of BSA/AML and OFAC Regulations
ACAMS Certification preferred.
Proficiency with personal computers as well as pertinent software packages. 
IDEAL QUALIFICATIONS PREFERRED: 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.
Strong understanding of bank wide systems, M&T Bank operations and systematic functionality.
Must possess self-motivation and organizational skills.
Knowledge of the organization’s operations, systems and practices within business units.

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