Be an early applicantLess than 25 applicants

Company

M&T Bank · 8 hours ago

BSA Compliance Specialist I - SAR/FC Team

United States

Full-time

Remote

Mid Level

3+ years exp

Maximize your interview chances

BankingConsulting

H1B Sponsor Likely

Insider Connection @M&T Bank

Discover valuable connections within the company who might provide insights and potential referrals.
Get 3x more responses when you reach out via email instead of LinkedIn.

Responsibilities

Legal & Regulatory Risk Management. Assesses and mitigates the risks associated with high-risk customers through enhanced due diligence review and suspicious activity identification throughout M&T Bank Corporation to ensure compliance with Federal and State laws and regulations and to minimize penalties and reputational losses.

Legal & Regulatory Identification & Communication. Remains current on legal and regulatory requirements in cooperation with Counsel’s Office, as applicable.

Compliance Policies & Control Procedures. Implements internal policies and control procedures with a thorough knowledge and understanding of guidance, laws and regulations. Makes recommendations to improve policies and procedures to maximize departmental resources.

Customer Due Diligence/Enhanced Due Diligence and Suspicious Activity Identification and Reporting. Detects, monitors, analyzes and reports suspicious activity with respect to money laundering and terrorist financing. Monitors complex customer activity in order to ensure that M&T is not doing business with persons involved in money laundering or terrorist financing or with prohibited persons or entities designed by OFAC and other law enforcement agencies.

Thoroughly investigate cases of potential and suspected fraud. Further identify any potential money laundering activity within the investigation.

Investigating cases for fraudulent activity encompassing fraud and money laundering.

Maintain and manage a case load while meeting competing SLA requirements.

Make determinations based on your high-quality investigation and in line with external regulations and internal policies.

Responsible for performing tasks in a manner that are compliant with applicable laws and regulations and / or that serve to help the company be in compliance with laws and regulations that apply to the business line the position supports.

Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.

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.

Qualification

Find out how your skills align with this job's requirements. If anything seems off, you can easily click on the tags to select or unselect skills to reflect your actual expertise.

BSA/AML regulationsOFAC regulationsFraud TypologiesSAR documentationRisk ManagementInvestigative ServicesCompliance PoliciesACAMS CertificationCustomer Facing ExperienceBanking ExperienceSpreadsheet ProficiencyDatabase Systems

Required

Bachelors’ degree or the equivalent in work experience

3+ years’ experience in an audit, risk management, compliance or investigative service experience or 6+ years banking experience

Proficient personal computer skills to include spreadsheet, word-processing, database systems and other software utilized by the department

Excellent written, verbal communication and presentation skills

Must have the ability to communicate complex information by adapting communication style to various internal and external audiences

Prior experience in a customer facing or public facing role

Interview and question victims, suspects, and third parties by phone to determine elements pertinent to the case

SAR documentation experience required

Strong understanding of bank wide systems, M&T Bank operations and systematic functionality

Strong Analytical Abilities And Problem-solving Skills

Must possess a strong ability to use expert resources, including the Internet

Exceptional ability to multi-task and prioritize projects

Ability to read and understand Federal and State guidance, laws, and regulations

Ability to coordinate and work collaboratively with internal and external contacts on a daily basis

Strong ability to identify efforts that will improve organizational efficiency

Record of achieving results in self and in fellow team members

Must have knowledge and experience to anticipate, identify and resolve problems

Must possess self-motivation and organizational skills

Preferred

Knowledge of BSA/AML and OFAC regulations

Knowledge of Fraud Typologies

Management or supervisor experience

ACAMS Certification preferred

Knowledge of the organization’s operations, systems, and practices within business units

Company

M&T Bank

Glassdoor

3.6

M&T Bank provides banking, investment, insurance, and mortgage financial services.

Founded in 1856

Buffalo, New York, USA

10001+ employees

https://www3.mtb.com/

H1B Sponsorship

M&T Bank has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2023 (52)

2022 (105)

2021 (78)

2020 (2)