Senior Compliance Consultant - Fair Lending

Overview:

Function autonomously while executing the compliance strategy and advancing the Compliance Risk Management and Fair & Responsible Banking Programs. Provide guidance on complex compliance risk management activities as it relates to Fair & Responsible Banking. Positively influence and collaborate across the Bank with respect to Fair & Responsible Banking job responsibilities.

Primary Responsibilities:

• Serve as a Fair Lending subject matter expert by understanding how potential Fair Lending risk manifests itself within the Bank’s various lines of business and advising accordingly.
  • Maintain a thorough knowledge and understanding of the laws, rules and regulations with which the business and/or CRM must comply and an awareness of issues of recent regulatory focus.
  • Demonstrate a strong understanding of the Bank’s products, services, and operations across the enterprise.
  • Consult with managers of business units on compliance matters.
  • Provide timely and thoughtful regulatory expertise in response to business initiatives, line of business guidance requests, internal and external audits, and regulatory examinations.
  • Assist in development and communicate recommendations that support adherence to regulations, industry best practices and/or the CRM program.
  • Develop and/or deliver training to support employees in fulfilling their compliance responsibilities.
  • Identify, measure, and escalate Fair Banking compliance risk issues timely to leadership and the lines of business, as well as the 1st and 2nd Lines of Defense, as necessary.
  • Work with business units and/or CRM to design a plan for timely and effective resolution of complex issues identified through monitoring and testing
  • Ensure compliance with existing processes and procedures and recommend new ones that most effectively anticipate, manage, and reduce risk to the business.
• Liaison with CRM departments as appropriate in the execution of CRM program components.
• Assist in Fair Lending Risk Assessment as well as CRM and State Specific Risk Assessments to identify compliance risk exposure and help the organization prioritize compliance risks.
• May interact 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:

• This position works under minimal supervision of the Compliance Manager and is required to exercise independent judgment and discretion. 
• This position has substantial contact with internal departments and positions within M&T Bank Corporation and its subsidiaries, including Legal and members of middle and senior management.
• Responsible banking: Fair lending laws and regulation (federal and state); unfair, deceptive and abuse acts and practices (UDAAP), Home Mortgage Disclosure Act, etc.
• Governance: Issues management, examination management, reporting, risk assessment, quality control and assurance, budgeting, technology solutions, compliance training
• Risk evaluation: review policy, procedure, products, services, systems for potential fair lending risk and write a Qualitative Fair Lending Review to include conclusions on the fair lending risks evaluated.
• Regulatory Updates: Review, Interpret, and advise on regulatory updates that are identified.
• Marketing Campaign Review: Advise the Marketing Compliance Team on Fair Lending risks and review marketing campaign criteria.
• Complaint Dispositioning: Review and disposition complaints where discrimination is alleged for trending analysis.
• Proficient in software utilized by the department, including Archer and SharePoint
• Effective project management skills
   

Education and Experience Required:

• Bachelor's Degree in related field.
• 6 years’ experience in compliance, legal, audit, risk or other relevant function,
  • OR in lieu of degree, a combined minimum 10 years higher education and/or work experience, including 6 years in compliance, legal, audit, risk or other relevant function knowledge.
• Proficient computer skills (including spreadsheet and word processing software), analytical skills, working knowledge of applicable laws, written and verbal communications w/ all levels.

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $85,104.04 - $141,840.07 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation. The range listed above corresponds to our national pay range for this role. The specific pay range applicable to you may vary based on your location.

LocationClanton, Alabama, United States of America