Audit Consultant at M&T Bank

Buffalo, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

Bachelor’s degree, preferably in Accounting, Business, Finance, Technology, Cybersecurity, Mathematics, Statistics or other related technical field and 7 years of relevant experience, inclusive of 2 years of work leadership experience. In lieu of degree, a combined minimum of 11 years higher education and/or work experience including 7 years of relevant work experience and 2 years of work leadership experience
Demonstrates strong judgment, political astuteness, and sensitivity to cultural commitment
Possesses strong project management and interpersonal skills, makes sound decisions, exhibiting initiative and critical thinking

Responsibilities

Stay abreast of best practices, industry developments, and changing or emerging risks and consult with the audit teams to ensure their coverage as appropriate in assigned audits
Participate in the execution of audit procedures, particularly those which are highly visible and complex in nature, in a risk-focused manner while maintaining independence and adhering to department and professional industry standards
Analyze audit findings, particularly those that require complex judgment or sophisticated analytical thought, and propose creative and pragmatic solutions to the audit team for consideration in the final audit report
Drive audit teams in the planning and execution of validation procedures for Internal Audit and Regulatory issues that require subject matter expertise
Organize and complete work within established budgets and time frames with minimal direction from audit management
Incorporate the use of data analytics throughout all phases of the audit process
Inform and clearly demonstrate support for the department’s strategic objectives
Possess strong management and interpersonal skills, make sound decisions independently, exhibiting initiative and intuitive thinking
Proactively communicate with senior management members of the audit team and line of business senior and executive regarding the status of audits and potential issues identified
Build strong partnerships with business stakeholders and audit team members
Coach and mentor junior audit team members through knowledge sharing, tailoring the approach based upon their skills and experience
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

Skills

audit engagements

risk assessment

internal controls

data analytics

audit planning

audit execution

validation procedures

stakeholder management

leadership

mentoring

complex judgment

M&T Bank

Full-service banking for individuals and businesses

About M&T Bank

M&T Bank provides a variety of banking services to individuals, small businesses, and larger companies. Their offerings include mortgage assistance, personal and business checking accounts, and mobile banking options. The bank primarily operates in the Northeastern and Mid-Atlantic regions of the United States, emphasizing community engagement and a focus on customer service. M&T Bank's business model is based on traditional banking practices, such as loans, deposits, and investment products, and it generates revenue through interest income and service fees. A key aspect that sets M&T Bank apart from its competitors is its commitment to community involvement, which includes allowing employees to volunteer and supporting local organizations. The recent merger with United Bank, N.A. has further expanded their services and market presence.

Buffalo, New YorkHeadquarters

1993Year Founded

IPOCompany Stage

Financial ServicesIndustries

10,001+Employees

Risks

Competition from fintechs could erode M&T Bank's market share among tech-savvy customers.

Integration challenges from the United Bank merger may disrupt operations.

Decreased prime rate could reduce interest income, impacting profitability.

Differentiation

M&T Bank emphasizes community engagement through its charitable foundation and volunteer programs.

The bank offers a wide range of traditional and digital banking services.

Recent merger with United Bank, N.A. expands M&T's market reach and service offerings.

Upsides

M&T Bank's $1.5 billion senior notes offering strengthens its financial position.

Decreased prime rate may attract more borrowers, increasing loan volume.

Shannon Lazare's appointment as New Jersey Regional President enhances local community engagement.

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