Senior Compliance Risk Manager - Product Compliance, Personal Banking
MercurySalary not specified
- Full Time
- Senior (5 to 8 years)
Not SpecifiedCompensation
Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
Banking, Financial ServicesIndustries
Requirements
Candidates should possess a Bachelor’s degree in Finance, Accounting, Business Administration, or a related field, and have at least 7 years of experience in compliance testing, with a focus on consumer protection regulations. Strong knowledge of federal and state laws and regulations related to UDAP/UDAAP, fair lending/fair banking, and consumer protection principles is required, along with experience in developing and executing compliance testing programs.
Responsibilities
The Compliance Testing Manager II – Consumer Protection will execute the Bank’s second line of defense independent testing program over consumer protection areas, including Fair Lending/Fair & Responsible Banking, UDAP/UDAAP, and other consumer protection related risks. They will manage and lead compliance testing engagements utilizing a risk-based approach, oversee and coach team members, contribute to the development of the annual testing plan, and support enhancements to testing methodology. The role also involves ongoing stakeholder engagement, talent management, and participation in special projects related to testing and risk management, as well as collaborating with Legal, First Line Risk, Internal Audit, and Compliance to anticipate and remediate potential risks.
Skills
Federal and state laws
Regulations
UDAP/UDAAP
Fair Lending
Fair & Responsible Banking
Consumer Protection
Risk Management
Testing Methodology
Stakeholder Engagement
Lending Products and Services
Relationship Building
Collaboration
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.
Key Metrics
Buffalo, New YorkHeadquarters
1993Year Founded
IPOCompany Stage
Financial ServicesIndustries
10,001+Employees