M & T Bank Wealth Management - Managing Attorney in Buffalo, New York
Wealth Management - Managing Attorney
Wilmington, DE or Buffalo, NY
The Wealth Management- Managing Attorney will be responsible as the managing attorney for the Wealth Management Division of M&T Bank/Wilmington Trust. In this role, the incumbent will manage the subject-matter expert attorneys who support Wealth Management, in particular, the following sub-divisions: (i) Wealth Advisory Services (WAS), which provides personal fiduciary, trust and related services to high-net-worth wealth clients, (ii) M&T Securities (MTS), which is a registered broker-dealer (offering services primarily to retail customers, including individual securities, mutual funds, wrap programs/accounts and annuities) and a registered municipal securities dealer (engaging in underwriting and secondary market activities in the municipal securities markets) and (iii) Asset Management (AM), which provides investment management related services, including M&T Bank/Wilmington Trust's family of proprietary mutual funds and private investment funds. The successful candidate will be located in Wilmington, Delaware. Alternatively, the successful candidate may be located in Buffalo NY or New York City, but will be expected to regularly travel and have a presence in the Wilmington, Delaware offices.
The successful candidate should have experience managing attorneys, as well as meaningful experience advising on trust, estate, investment management, broker-dealer or related laws relevant to some or all of the above Wealth Management business lines.
More specifically, the successful candidate will:
Provide legal counsel to Senior Leadership of Wealth Management and attend various committee and management meetings as head of Wealth Management Legal
Manage and lead the Wealth Management Legal team, consisting of 10 attorneys and paralegal support. Such management will include conducting regular Wealth Management Legal team meetings, preparing regular risk reports for the Wealth Management Legal team, conducting regular one-on-one meetings with the Wealth Management Legal team members, preparing annual performance reviews, managing work-capacity issues, and overseeing the development of staff
Lead the development and implementation of strategic policies, procedures, templates and forms to help standardize and streamline the provision of legal support for Wealth Management and the use of outside counsel
Identify, evaluate and escalate material legal and regulatory risks affecting Wealth Management
Partner with the organizations compliance, risk and audit groups, keep senior management and other personnel up to date on pertinent legal and regulatory developments, including legal risks
Conduct research and participate in industry association meetings and think-tanks to keep abreast of relevant laws, regulations, legal developments and industry issues
The successful candidate should have meaningful experience advising on some or all of the following:
Banking Regulations General laws and regulations affecting banks and trust companies, including OCC regulations
Trust & Estates - Trust and estates laws affecting high-net-worth individuals, trust and estate administration, fiduciary income tax, fiduciary and investment law issues, Regulation 9, Delaware directed trusts, Delaware trust law or the Uniform Trust Act
Investment Management Laws governing investment management products and services, including separately managed accounts, mutual funds and private funds, the Investment Company Act of 1940, Investment Advisers Act of 1940, Securities Act of 1933, Securities Exchange Act of 1934 Act, SEC regulations and Volcker Rule, the formation, operation and termination of private investment funds, the formation, operation and termination of registered mutual funds, registered investment advisers (RIAs), investment of fiduciary and non-fiduciary customer assets in third party and proprietary mutual funds and private funds, collective investment funds
Broker-Dealer U.S. securities laws, regulations and SRO rules relating to a retail broker-dealer, FINRA regulations, laws affecting wrap programs
Minimum Qualifications Required:
J.D. degree required. Licensed to practice law in Delaware (or ability to obtain an in-house counsel license in Delaware, as applicable)
Minimum of 10 plus years plus of relevant experience practicing law
Previous management experience
Experience with advising on a wide range of wealth, trust, estates and investment management products and services, including separately managed accounts, mutual funds and private funds
Ability to liaise with senior management, including executives
Ability to handle multiple tasks, take on new responsibilities and prioritize work in a deadline-intensive environment, experience in leading and facilitating change
Ability to understand and integrate details of business/operational/systemic environment in applying legal and policy requirements
Strong desire to support the identification, evaluation and escalation of legal risk issues
Strong communication skills to deal with internal and external constituencies, including: senior business leaders, outside counsel, regulatory officials, risk, compliance and audit counterparts at the organization, counterparts at other companies, and industry representatives
Exceptional written and verbal communications skills, ability to communicate and relate at all levels of the organization
Strong interpersonal and teamwork skills and ability to influence through collaboration
Demonstrated experience in leading others, both through direct relationships and indirectly (influencing without direct authority)
M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer. M&T Bank Corporation does not sponsor individuals for the purpose of obtaining H-1 Visas. M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.
Employer's Job# 3DE8E-Buffalo
Please visit job URL for more information about this opening and to view EOE statement.