Business Risk Analyst III - RCSA Management (Hybrid - Buffalo, NY) at M&T Bank

Buffalo, New York, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

Bachelor’s degree and a minimum of 3 years' relevant work experience, or in lieu of a degree, a combined minimum of 7 years' higher education and/or work experience, including a minimum of 3 years' relevant work experience
Preferred: Risks & Controls experience

Responsibilities

Completely and accurately document key business unit processes. Identify and assess risks and internal controls associated with these key processes
Actively participate in the planning, execution, and reporting of the business unit's risk-based testing program
Perform control testing in accordance with M&T's First Line of Defense Guidance on Management of Risks & Internal Controls and professional standards, including planning and execution of control and substantive testing, assistance in the review of testing, evaluating results to determine if issues exist, and independently performing scripted testing of controls and communicating results
Monitor business unit performance with respect to established key risk indicators (KRIs) and assist in the creation of comprehensive KRI reporting
Accurately complete Risk Control Self Assessments (RCSAs) and other risk management reporting. Assist in the reporting of risk events and loss events
Identify emerging risks and risks associated with new products/services/markets/channels or changes to existing products/services/markets/channels
Provide guidance on the development of remediation plans. Manage the timely completion of remediation plans and other projects to address issues identified internally and by Enterprise Risk Management, Compliance, Internal Audit, or external regulators
Research and assess regulatory requirements impacting the business unit
Build a working relationship with Internal Audit, Corporate Operational Risk, and Corporate Compliance Portfolio Managers
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

Key technologies and capabilities for this role

RCSARisk AssessmentControl TestingKRIsInternal ControlsRisk MonitoringIssues ManagementRemediation PlansOperational RiskCompliance

Questions & Answers

Common questions about this position

What is the work arrangement for this position?

This is a hybrid position requiring in-office work three days every week (Tuesday, Wednesday, & Thursday) and it is based at the One M&T Plaza office in Buffalo, NY.

What education and experience are required for this role?

A Bachelor’s degree and a minimum of 3 years' relevant work experience are required, or in lieu of a degree, a combined minimum of 7 years' higher education and/or work experience, including a minimum of 3 years' relevant work experience.

What are the primary responsibilities of the Business Risk Analyst III?

Responsibilities include documenting key business unit processes, identifying and assessing risks and controls, performing control testing, monitoring key risk indicators, completing Risk Control Self Assessments (RCSAs), and managing remediation plans.

What is the salary range for this position?

This information is not specified in the job description.

What makes a strong candidate for this Business Risk Analyst role?

Candidates with a Bachelor’s degree and 3+ years of relevant risk management experience, plus preferred experience in risks, will stand out; demonstrate skills in RCSA, control testing, and regulatory compliance.

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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