Business Risk Partner - Equipment Finance & Dealer Commercial Services 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 Services, Equipment FinanceIndustries

Requirements

Ability to lead first line of defense holistic risk management in Commercial Equipment Finance and Dealer Commercial Services
Expertise in proactive identification, accurate assessment, and reporting of risks, including loss events and Key Risk Indicators (KRIs)
Skills in ensuring appropriate escalation of issues and timely completion of remediation plans
Capability to build strong relationships with Business Executive Leadership, operational/support areas, 2LOD, and 3LOD
Experience assisting Business Risk Officer in setting departmental direction and risk policy
Knowledge of Enterprise Risk Framework, internal guidance, and risk management professional standards
Proficiency in producing, distributing, and presenting First Line Risk Management reporting to management, risk groups, and committees
Ability to monitor business unit performance against KRIs and prepare comprehensive reporting
Competence in completing Risk Control Self Assessments (RCSAs) and other risk reporting accurately and timely
Skills in identifying emerging risks and risks from new/changed products, services, markets, or channels
Experience in managing and reporting issues, remediation plans, risk events, and losses
Ability to inform control design, risk-based testing, and continuous monitoring programs
Expertise in developing, implementing, and maintaining risk management policies, including updates for regulatory or process changes
Capability to respond to internal/external requests on policies and procedures
Strong relationship-building with executive/senior management, Internal Audit, Corporate Operational Risk, and Compliance
Adherence to compliance/operational risk controls, company standards, and regulatory policies
Experience maintaining internal control standards, implementing audit points, and addressing regulator issues
Supervisory experience managing a team of 2+ specialists
Enterprise-wide counterparty risk management oversight skills
Ability to interact with executive/senior management, Board of Directors, and cross-functional teams (lines of business, Credit, Finance)

Responsibilities

Lead planning, execution, and reporting of business unit's first line of defense risk management, including documentation of key processes and internal controls
Ensure complete identification and assessment of risks in key processes per Enterprise Risk Framework and standards
Produce, distribute, and present First Line Risk Management reporting to Business Unit Management, risk groups, and 2LOD committees
Provide direct assistance/support to the First Line Risk Officer
Monitor business unit performance against KRIs and prepare comprehensive KRI reporting
Ensure accurate and timely completion of RCSAs and other risk management reporting
Develop process to review emerging risks/losses and incorporate into RCSAs and KRIs
Identify emerging risks and risks from new/changed products/services/markets/channels; oversee reporting to management and Markets, Products and Services Risk Committee
Ensure effective management and reporting of issues, including remediation plans
Develop and oversee process for identifying and reporting risk events/losses timely; escalate issues to First Line Risk Officer and management
Inform and recommend focus areas for control design, risk-based testing, and continuous monitoring
Develop, implement, and oversee maintenance of risk management policies; update for federal/state/business changes; respond to policy/procedure requests
Build working relationships with business unit executive/senior management, Internal Audit, Corporate Operational Risk, and Compliance Portfolio Managers
Adhere to compliance/operational risk controls per company/regulatory standards
Maintain M&T internal control standards, including timely implementation of internal/external audit points and regulator issues
Promote environment supporting belonging and reflecting M&T Bank brand
Complete other related duties as assigned
Provide enterprise-wide counterparty risk management oversight, supporting Chief Risk Officer and partnering with cross-functional teams for compliance and risk objectives
Interact with executive/senior management and Board of Directors
May supervise a team of 2+ specialists

Skills

Risk Management

Key Risk Indicators

KRIs

Risk Control Self Assessments

RCSAs

Enterprise Risk Framework

Internal Controls

Risk Reporting

Remediation Plans

Stakeholder Management

Emerging Risk Identification

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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