Job Description

Overview: Responsible for contributing to and supporting the broker dealer compliance program for M&T Securities, Inc. Will help develop, maintain, and continuously enhance the broker dealer compliance program to ensure the firm remains fit-for-purpose to regulatory requirements, best practices and industry standards. Primary Responsibilities: Review and update the Firm’s Written Supervisory Procedures (WSPs), Desktop Procedures, Firm Controls, and MTS procedures utilized by M&T Bank Risk and Internal Audits. Participate in drafting related policies and procedures. Provide advice and guidance on legal, regulatory and compliance requirements as they relate to information barriers, conflicts of interest, offering rules, trade restrictions, and research. Monitor changes in securities regulations and implement or update applicable policies and procedures. Collaborate with other internal areas including MTS Operations, Middle Office; MTB Legal, Technology, Commercial Risk, Internal Audit to address compliance issues which may impact the supported business lines. Support the business in performing timely compliance reviews of new products. Handle internal requests and assist in preparing requirements for internal and regulatory audits. Manage a FINRA-compliant program, including maintaining a compliance calendar, conducting annual reviews of internal policies for applicability, reviewing new proposed regulations for applicability to the Firm, assessing potential impacts, and reporting findings to management. Prepare 3120 materials for Business Unit Supervisor (BUS) review, coordinate compliance and BUS review meetings, document and update meeting feedback. Identify, develop, and coordinate internal testing program of Firm’s policies and procedures. Point of contact for all MTS firm and employee licensing and registration requirements, including regulatory form filings to FINRA, states, and other SROs. Conduct, review, and process FINRA pre-hire check requests. Complete Compliance new hire on-boarding and training, licensing requests, and termination tasks. Review Outside Business Activities (OBA) and Private Securities Transaction (PST) requests for conflicts, provide reviewing supervisors additional information, follow-up with employee as necessary, update employee U4 (for OBA), and provide reporting. Monitor and follow-up on FINRA Regulatory Element Continuing Education (CE) requirements. Conduct compliance training for new hires and administer the Firm Element Annual Compliance Meeting and required CE. Review Gift and Entertainment requests. Design, deploy, review, and action employee certification documents on an annual basis. Point of contact for employee inquiries related to employee activities. Conduct surveillance activities including Personal Trading analysis and electronic communication surveillance. Maintain the Firm’s Electronic Communications program, which includes email surveillance, text messaging, Teams chat, etc., including lexicon review and maintenance, review and update of surveillance rules, adding/removing personnel, scheduled and ad-hoc reporting, and statistical information. Supervise E-Comm reviews conducted by Business Unit Supervisors (BUS); follow-up as necessary. Develop and maintain regular statistical reports for management. Partner with MTB Technology for any technology upgrades, implementations, etc. to ensure MTS’ regulatory requirements are met and appropriate record-keeping is possible and implemented. Review new proposed technology and electronic communication regulations for applicability to the Firm, assessing potential impacts, and reporting findings to management. Design and implement Firm technology guidelines, including institutional broker-dealer requirements, review and approval process, and marketing log. Perform ad hoc reporting and complete projects. Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite. 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: The broker-dealer compliance program includes, but is not limited to conflicts of interest, licensing and registration, electronic communications surveillance, continuing education, outside business activities, and branch/OSJ inspections. This role must develop and maintain effective relationships across business lines and enterprise-wide support functions to develop and enhance policies, procedures and controls. Education and Experience Required: Bachelor’s degree and 5 years' financial services industry experience with experience in broker dealer compliance or in lieu of degree a combined minimum of 9 years higher education and/or work experience including 5 years’ financial services industry experience with significant experience in broker dealer compliance. Possess, or be willing to obtain, Series 14 (or 7 & 24, 63) licenses within 6 months of hire. Proficiency in Microsoft Office products. Education and Experience Preferred: MBA or advanced degree. Excellent analytical, reasoning, and problem-solving skills. Excellent verbal, written and interpersonal communication skills. Have a strong sense of responsibility and responsiveness. Ability to multi-task, meet deadlines and handle multiple projects/priorities. Ability to work well independently as well as collaboratively. Detail oriented and adaptable. Motivated with a desire to learn and deliver results. Institutional Broker-Dealer Compliance experience. Possess self-confidence and can interact successfully with all levels of personnel. Experience with StarCompliance, Proofpoint, Ariba, marketing review platforms. M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $98,720.40 - $164,534.00 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 #J-18808-Ljbffr M&T Bank

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