Overview:
This Vice President level role provides guidance on complex compliance risk management activities within the Institutional Client Services department of Wilmington Trust. Primary focus will be on executing the 2nd Line of Defense compliance risk management program for the Global Capital Markets – US business unit, which includes identifying key compliance risk exposures and prioritizing strategies to mitigate key compliance risks. The role may also provide secondary/support coverage to other business units within the Institutional Client Services department, participate in thematic workstreams, and/or support strategic initiatives with cross-line of business nexus to other departments within the enterprise at-large.
Primary Responsibilities:
- 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.
- Ensure compliance with existing processes and procedures and recommend new ones that most effectively anticipate, manage, and reduce risk to the business.
- Assist in development and communicate recommendations that support adherence to regulations, industry best practices and/or the CRM program.
- Maintain a thorough knowledge and understanding of the laws, rules and regulations with which the business and/or Compliance Risk Management (CRM) must comply and an awareness of issues of recent regulatory focus.
- Develop and/or deliver training to support employees in fulfilling their compliance responsibilities.
- Escalate and measure compliance risk issues to leadership and the lines of business, as well as the 1st and 2nd Lines of Defense, as necessary.
- Liaison with CRM departments as appropriate in the execution of CRM program components.
- Assist in Risk Assessment to identify compliance risk exposure and help the organization prioritize compliance risks.
- Assess compliance issues presented through new/revised product and service offerings and work closely with lines of business to plan a response.
- Work with business units and/or CRM to design a plan for timely and effective resolution of complex issues identified through monitoring and testing.
- 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:
- Provide 2nd Line of Defense coverage to Wilmington Trust Corporate & Institutional Services, which includes Corporate Trust Services, Capital Markets Agency Services, Capital Markets Structured Finance (ABS, MBS), Loan Market Solutions, Default Administration & Issue Management.
- Supports the 2nd Line of Defense Fiduciary Risk Oversight program through execution of the CRM Program and related initiatives: Requirements & Standards Documentation, Compliance Monitoring Activities, Compliance Control Management, Compliance Risk Assessment (CRA), Participation in Governance Committees, Forums, and Working Groups, Targeted Risk Assessments, Training Initiatives, Regulatory Exam Management support
- Expertise in one or more of the following: Trust Indenture Act (TIA), FDIC Account Administration - Corporate Trust Accounts, Regulation AB, Regulation 9 (12 CFR 9, Reg 9), Regulation R
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
Experience Preferred:
- Transaction Management: Trust Indenture Act (TIA), Default Administration
M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $103,826.43 - $173,044.05 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.
LocationNew York, New York, United States of America
What We Do
Waste Connections, Inc. is an integrated solid waste services company that provides waste collection, transfer, disposal and recycling services in mostly exclusive and secondary markets in the U.S. and Canada. Through its R360 Environmental Solutions subsidiary, the Company is also a leading provider of non-hazardous oilfield waste treatment, recovery and disposal services in several of the most active natural resource producing areas in the United States, including the Permian, Bakken and Eagle Ford Basins. Waste Connections serves more than six million residential, commercial, industrial, and exploration and production customers from a network of operations in 39 states, six provinces and the District of Columbia. The Company also provides intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest.
Our corporate strategy targets secondary and suburban markets that have strong demographic growth trends and where competitive barriers to entry can be developed. We seek to avoid highly competitive, large urban markets and target markets where we can provide either non-integrated or integrated solid waste services under exclusive arrangements, or markets where we can be integrated and attain high market share. We are a leading provider of solid waste services in most of our markets, and approximately 50% of our revenues are derived from market areas where we have franchise or exclusive rights to provide our waste services.
