Institutional Broker Dealer Compliance Manager

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.
• Maintaining for 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 conduct 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