Job Description
- ** Work Arrangement/Location: This is a hybrid position requiring in-office work four days a week and will be based at Buffalo, NY, Metro NYC, Wilmington, DE or Boston, MA. Overview: The Global Fiduciary Risk Oversight Team provides independent oversight across M&T Bank’s Institutional Services & Wealth Management (ISWM) division. This role oversees and advises on KYC, CDD, EDD, and AML/sanctions risk management for Corporate Trust & Agency, Institutional Client Services, Personal Trust & Wealth Management, and High-Net-Worth (HNW) and Ultra-High-Net-Worth (UHNW) clients. This role will be the primary liaison between ISWM and the enterprise BSA Group on KYC. Primary Responsibilities: Identify, measure, and escalate compliance risk issues to the Compliance Director and/or the Lines of Business (LOBs) as necessary. Assist in oversight of state, federal, domestic and possibly international regulator relationships and examinations including the Federal Reserve, OCC, SEC, DOL, FINRA, CFPB, State of New York, and/or the State of Delaware, as applicable. Implement and execute on strategic priorities for the group, potentially impacting the enterprise, assist to implement the priorities, and ensure ongoing compliance across the enterprise. Develop, implement, maintain and enhance internal controls to mitigate risk on an ongoing basis. Manage and maintain enterprise-wide policies, standards, and procedures designed to achieve compliance with applicable laws, rules, and regulations Evaluate and advise on new/revised products and services from a compliance risk perspective for assigned areas Maintain internal control standards, including timely support for implementation of internal and external audits, examinations, investigations, or supervisory events Work with the Compliance Director to engage other Risk Departments, Internal Audit, Legal and/or Regulatory Affairs regarding interrelated risk issues impacting operational, credit, strategic, reputation, market, liquidity, interest rate and capital risks Assist in the development of enterprise-wide policies, standards, and procedures designed to achieve compliance with applicable laws, rules, and regulations Interacts with State and Federal Regulatory Agencies, numerous risk and executive management, lines of business, and support organizations such as Internal Audit and Legal on an ongoing and regular basis to ensure the enterprise is operating within the Board-mandated compliance risk tolerance. Specific to Posting: 2.1 KYC / CDD / EDD - Lead onboarding and periodic reviews across Trust, Corporate Agency, and Wealth Management clients. - Assess beneficial ownership structures, source of wealth, source of funds, and expected activity. - Coordinate 1LOD activities related to EDD for complex entities, cross-border clients, family offices, SPVs, private investment vehicles, and trust structures. 2.2 Wealth Management–Specific Oversight - Evaluate complex wealth structures including family LLCs, irrevocable trusts, foundations, donor-advised funds, and UHNW portfolios. - Assess high-risk investment behaviors and product exposure. - Monitor consistency between investment objectives and AML risk. 2.3 Corporate Trust & Agency–Specific Oversight - Review escrow agreements, trust indenture documents, paying agent flows, and investment authority. - Assess transaction risks related to debt issuance, escrow disbursements, custody movements, and successor trustee transitions. 2.4 AML/Sanctions Oversight - Serve as primary liaison for AML/BSA/OFAC matters. - Oversee requests for information related to trust, agency, and wealth transactions. - Identify emerging risks tied to sanctions evasion, misuse of fiduciary accounts, and offshore structures and escalate to BSA Group. 2.5 Governance & Reporting - Develop business-line KYC/AML standards tailored to ISWM. - Prepare reports for ISWM leadership covering risk trends, escalations, and themes. - Support, with support from the BSA Group, AML related regulatory exams across OCC, FRB, FINRA, SEC, and state fiduciary supervisors. 2.6 Training & Culture - Deliver AML/KYC training tailored to fiduciary, trust, and wealth teams. - Promote a culture of risk awareness, ethical standards, and fiduciary responsibility. Supervisory/ Managerial Responsibilities: Manage KYC/AML specialists across ISWM. Oversee execution quality, coaching, and capability-building. Experience and Education Required: Bachelor's Degree in related field. 10 years in banking, compliance, fiduciary risk, wealth management, or related fields. A combined minimum of 14 years higher education and/or work experience, including 10 in banking, compliance, fiduciary risk, wealth management, or related fields. Deep expertise in KYC/CDD/EDD, AML/CTF, OFAC, fiduciary law, trust structures, and wealth management oversight. Experience with investment advisory, private banking, discretionary portfolios, and alternative investments. Strong analytical and investigatory capabilities. Advanced understanding of fiduciary relationships and trust law. Excellence in communication, influence, and cross-functional leadership. Ability to manage complexity across institutional and personal wealth environments. Minimum of 5 years managerial or supervisory experience. M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $157,400.00 - $262,300.00 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation. Location New York, New York, United States of America Great companies have an enduring sense of purpose. At M&T, our purpose is a simple one: make a difference in people’s lives and uplift the communities we serve. M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T’s affiliates offer advice, guidance, expertise and solutions across the entire financial spectrum, combining M&T Bank’s traditional banking services with the wealth management and institutional capabilities offered by Wilmington Trust. M&T Bank has a network of over 1,000 branches and 2,200 ATMs that span 12 states from Maine to Virginia and Washington, D.C. For more than 165 years, M&T has strived to take an active role in our communities and build long-lasting relationships with our customers. We are a bank for communities—combining the capabilities of a large bank with the care of a locally focused institution. As an employer of choice, we are proud to offer competitive benefits ranging from medical and retirement to forty hours of paid volunteer time, each year. Our core values – integrity, ownership, collaboration, curiosity, and candor – drive the work we do. We seek to further build upon our record of success by bringing in top talent and fresh skill sets while continuing to support the growth and development of all our team members. View M&T’s Human Capital Report to learn more. Ready to join our team? Submit your application today! If you are unable to apply through this site due to technical issues or need an accommodation to apply, please contact us at [email protected] for assistance. M&T Bank is unwavering when it comes to providing equal employment opportunities to all employees and applicants without regard to race, color, national origin, religion, ethnicity, sex, gender identity, age, disability, citizenship, pregnancy, veteran status, military status, marital status, sexual orientation, genetic information or any other characteristic protected under applicable federal, state or local laws. M&T Bank Corporation has policies and procedures in place to promote a drug free workplace. Career Site Privacy Notice
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