Senior Compliance Testing Analyst

Employment Type: Full-time

Position Overview

The Senior Compliance Testing Analyst is responsible for executing compliance testing and issue validations utilizing a risk-based approach to ensure the Bank’s compliance with consumer protection related laws, rules, and regulations, such as Fair Lending/Fair & Responsible Banking, UDAP/UDAAP, HMDA, and CRA. These responsibilities may also include leading and planning the execution of testing engagements, reporting, as well as the oversight and coaching of team members to deliver a quality product in line with department standards.

Responsibilities

• Interface with all layers of the organization predominantly independently to obtain information related to processes and controls.
• Lead collaborative testing team discussions with all levels of management where judgment and opinions are effectively challenged.
• Assess business unit process and controls under minimal direction, or independently, and provide risk-focused input on effectiveness and efficiency of testing approach.
• Perform compliance testing and issue validation in accordance with department and industry standards.
• Specific compliance testing responsibilities include the planning and execution of control and substantive testing, assistance in the review of testing, and evaluation of results to determine if control weaknesses or testing exceptions exist.
• Review work papers of team members and provide related feedback, coaching, and mentoring.
• Encourage integrated testing approaches with the data & analytics team and make suggestions on testing approaches to improve the efficiency and effectiveness of testing procedures.
• Organize and complete work within established timeframes predominantly independently while periodically providing status updates to management.
• Draft substantive testing findings and control execution weaknesses under the direction of a Manager.
• Review test findings with testing management and other compliance officers to confirm validity of issues; make recommendations to Compliance Testing Manager regarding the appropriate tier rating of identified issues.
• Work with business units and compliance groups to ensure consistent understanding of state and regulatory requirements.
• Responsibilities may also include system administrative duties such as maintenance, validation, and/or updating in the compliance data management system (Archer).
• Build a working relationship with line-level Internal Audit, Legal, Business Units, First Line Risk personnel, and Corporate Compliance Portfolio Managers.
• Serve as knowledge resource for team members.
• Maintain a strong working knowledge of regulatory requirements to perform and ensure an appropriate level of testing.
• Independently document and assess all levels of test scripts.
• Participate in special projects and department-wide initiatives, as necessary.
• Multitask assignments and meet established deadlines.
• Understand and adhere to the Company’s risk and regulatory standards, policies, and controls in accordance with the Company’s Risk Appetite.
• Identify and escalate potential risks in accordance with the Bank’s “see something, suspect something, say something” risk culture.
• 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 under the direction of the Compliance Testing Manager and is required to exercise independent judgment and discretion utilizing a risk-based approach. The position collaborates extensively with:

• Corporate Compliance Portfolio Managers (PCMs) to gain an appropriate understanding of applicable state and regulatory requirements.
• First Line Risk, Business Unit staff, and PCMs to understand workflows, processes, and controls.
• Internal Audit, Legal, and other compliance groups.