Business Risk Partner - Commercial Regional Banking at M&T Bank

Buffalo, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

Bachelor’s degree and a minimum of 7 years' relevant work experience, or in lieu of a degree, a combined minimum of 11 years' higher education and/or work experience, including a minimum of 7 years' relevant work experience

Responsibilities

Lead the planning, execution, and reporting of the business unit's first line of defense risk management function including ensuring the documentation of key processes and internal controls
Ensure the complete and proper identification and assessment of risks in the business unit's key processes in accordance with the Enterprise Risk Framework, internal guidance, and risk management professional standards
Inform and recommend areas of focus for the business area’s risk-based testing program
Oversee reporting to Business Unit Management and internal risk committees
Provide direct assistance/support to the First Line Risk Officer
Monitor business unit performance with respect to established key risk indicators (KRIs) and prepare comprehensive KRI reporting
Ensure the accurate and timely completion of Risk Control Self Assessments (RCSAs) and other risk management reporting
Develop a process by which emerging risks and losses are reviewed and incorporated into the RCSAs and KRIs
Identify emerging risks and risks associated with new products/services/markets/channels or changes to existing products/services/markets/channels and oversee the reporting of these risks to management and the Markets, Products and Services Risk Committee
Ensure the effective and efficient management and reporting of issues, including remediation plans
Develop and oversee the process for identifying and reporting risk events and losses in a timely manner
Appropriately escalate identified issues to the First Line Risk Officer and business unit management
Develop, implement and oversee the maintenance of risk management policies for the business unit, including the updating of policies in response to federal, state or business unit process changes
Respond to both internal and external requests in relation to departmental policies and procedures
Build a working relationship with business unit management, 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

Risk ManagementEnterprise Risk FrameworkKey Risk IndicatorsKRIsRisk Control Self AssessmentsRCSAsInternal ControlsRisk AssessmentRisk-Based TestingIssue ManagementRemediation Plans

Questions & Answers

Common questions about this position

Is this a full-time position?

Yes, this is a full-time employment opportunity.

What is the work location or remote policy for this role?

This information is not specified in the job description.

What key skills or experiences are required for the Business Risk Partner role?

The role requires expertise in first line of defense risk management, knowledge of the Enterprise Risk Framework, proficiency in identifying and assessing risks, monitoring Key Risk Indicators (KRIs), and conducting Risk Control Self Assessments (RCSAs). Strong skills in reporting, issue management, policy development, and relationship building with management, audit, and compliance teams are essential.

What is the company culture like at M&T Bank for this role?

The culture promotes an environment that supports belonging and reflects the M&T Bank brand, while adhering to internal control standards.

What makes a strong candidate for this Business Risk Partner position?

A strong candidate will have proven leadership in first line risk management, experience with Enterprise Risk Frameworks, KRIs, RCSAs, and issue remediation, along with the ability to build relationships across business, audit, and compliance functions.

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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