Compliance and Operational Risk Senior Advisor; Hybrid - See Listed Locations

Position: Compliance and Operational Risk Senior Advisor (Hybrid - See Job Description for Listed Locations)
* Work Arrangement/

Location:

This is a hybrid position requiring in-office work four days a week and can be based at Wilmington, DE, NYC, or Metro Park, NJ.

Overview:

The Compliance and Operational Risk Senior Advisor in the Compliance Risk Management ("CRM") organization will take on a key leadership role in identifying, assessing, and mitigating risk (including but not limited to operational and regulatory risks). This Senior Vice President level role will lead complex compliance and operational risk management activities and provide guidance for an assigned area of responsibility within the Institutional Services department of Wilmington Trust.

This role will work with senior business line leadership to implement and execute the compliance and operational risk strategy and advise on prioritization of compliance and operational risks. The role delivers on the Enterprise Risk Management Framework, including identification, assessment, quantification, documentation, escalation, reporting, and communication of unmitigated risks to senior management and governance bodies, as appropriate.

Primary Responsibilities:

* Consult with senior managers of business units on complex compliance and operational risk matters.

* May 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.

* Evaluate the effectiveness of existing processes, risks, and controls and provide recommendations that most effectively anticipate, manage, and reduce risk to the business.

* Develop and communicate recommendations that support adherence to regulations, industry best practices and/or the CRM program.

* Maintain subject matter expertise 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.

* 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.

* Liaise 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 complex new/revised product and service offerings and work closely with senior leaders of business units to plan a response.

* Work with senior leaders of 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.

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

* Promote an environment that supports belonging 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.

* Independently evaluate management of key processes for the effective and efficient mitigation of operational risk; identify gaps or deficiencies in the risk management framework; ensure remediation plans address the risk; and confirm residual risk is appropriately defined.

* Prepare and support detailed risk reports and presentations for senior and executive audiences regarding the operational risk environment of supported businesses or functions.

* Actively participate in designated risk committees and governance forums, serving as the second line of defense representative and ensuring escalation of significant or unresolved operational risk matters.

* Apply a risk-based approach to assess impact and likelihood, discern and document root cause, and support the use of risk/event data and simple quantification methods to enhance risk reporting.

* Work with the business to evaluate new products, services, or changes to existing offerings to ensure key operational risks are identified, mitigated, and appropriately governed.

Specific to Posting:

* Provide 2nd Line of Defense coverage to Wilmington Trust Institutional Services - Corporate Trust & Agency Services and related Operations departments:
Capital Markets Structured Finance (ABS, MBS), Collateralized Loan Obligations (CLO), Loan Agency, Equipment Finance, Corporate Debt, Public Finance, Project Finance, Mergers and Acquisitions, Business Escrow, Trust & Pension Services, Institutional Custody, Collateral Management

* Supports the 2nd Line of…