Chief Compliance Officer - Wilmington Funds at M&T Bank

Wilmington, Delaware, United States

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Not SpecifiedCompensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Investment Funds, Asset ManagementIndustries

Requirements

Knowledge of Rule 38a-1 under the Investment Company Act of 1940 and federal securities laws
Ability to design, implement, and maintain comprehensive compliance programs, policies, and procedures
Capability to conduct annual reviews of compliance program adequacy and effectiveness
Experience preparing and presenting reports to Boards of Trustees/Directors
Skills in overseeing and monitoring service providers, including site visits
Expertise in investigating compliance violations, recommending remediation, and communicating findings
Proficiency in developing and delivering compliance training
Ability to serve as primary contact for regulatory examinations and inquiries (e.g., SEC)
Competence in recordkeeping for compliance documentation
Awareness of changes in securities laws and regulations to update policies
Ability to engage with risk departments, compliance, internal audit, legal, and regulatory affairs
Adherence to compliance/operational risk controls and company standards
Experience maintaining internal control standards and implementing audit/regulatory findings
Managerial authority for staffing, performance appraisals, promotions, salary recommendations, performance management, and terminations
Exercise independent judgment, discretion, and decision-making under minimal supervision

Responsibilities

Oversee and administer the compliance program in accordance with Rule 38a-1
Ensure policies and procedures prevent violations of federal securities laws and promote ethical conduct
Design, implement, and maintain a comprehensive written compliance program
Conduct and document annual reviews of the compliance program's adequacy and effectiveness
Prepare and present regular reports to the Board of Trustees/Directors on compliance effectiveness and issues
Oversee and monitor service providers' compliance programs, including site visits
Lead investigations into compliance violations, implement corrective actions, and communicate findings
Develop and deliver ongoing compliance training and promote a culture of compliance
Serve as primary contact for regulatory examinations and inquiries
Maintain all compliance-related documentation
Update policies and procedures based on changes in securities laws and regulations
Engage other risk departments, compliance, internal audit, legal, and regulatory affairs on risks
Adhere to compliance/operational risk controls and company policies
Promote an environment supporting belonging and reflecting the M&T Bank brand
Maintain internal control standards and implement audit/regulatory points
Complete other related duties as assigned
Report directly to the Board of Trustees/Directors and collaborate with senior management, fund counsel, and service providers

Skills

SEC Compliance

Rule 38a-1

Investment Company Act

Compliance Program Management

Board Reporting

Service Provider Oversight

Incident Investigation

Regulatory Compliance

Policies and Procedures

Risk Assessment

M&T Bank

Full-service banking for individuals and businesses

About M&T Bank

M&T Bank provides a variety of banking services to individuals, small businesses, and larger companies. Their offerings include mortgage assistance, personal and business checking accounts, and mobile banking options. The bank primarily operates in the Northeastern and Mid-Atlantic regions of the United States, emphasizing community engagement and a focus on customer service. M&T Bank's business model is based on traditional banking practices, such as loans, deposits, and investment products, and it generates revenue through interest income and service fees. A key aspect that sets M&T Bank apart from its competitors is its commitment to community involvement, which includes allowing employees to volunteer and supporting local organizations. The recent merger with United Bank, N.A. has further expanded their services and market presence.

Buffalo, New YorkHeadquarters

1993Year Founded

IPOCompany Stage

Financial ServicesIndustries

10,001+Employees

Risks

Competition from fintechs could erode M&T Bank's market share among tech-savvy customers.

Integration challenges from the United Bank merger may disrupt operations.

Decreased prime rate could reduce interest income, impacting profitability.

Differentiation

M&T Bank emphasizes community engagement through its charitable foundation and volunteer programs.

The bank offers a wide range of traditional and digital banking services.

Recent merger with United Bank, N.A. expands M&T's market reach and service offerings.

Upsides

M&T Bank's $1.5 billion senior notes offering strengthens its financial position.

Decreased prime rate may attract more borrowers, increasing loan volume.

Shannon Lazare's appointment as New Jersey Regional President enhances local community engagement.

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