Business Risk Partner - Stablecoin at M&T Bank

Buffalo, New York, United States

Apply Now

Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, FinTechIndustries

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
Preferred experience in BSA/AML risk, liquidity risk, and cyber risk

Responsibilities

Lead the planning, execution, and reporting of the business unit's first line of defense risk management function specific to stablecoin, embedded banking, and digital asset activities, 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
Lead the coordination of regulatory submissions to the New York State Department of Financial Services
Drive the development, execution, and reporting of the business unit's risk-based testing program, ensuring control testing is performed in accordance with M&T's First Line of Defense Guidance on Management of Risks & Internal Controls and professional standards
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 policies for the business unit, including updating policies in response to federal, state, or business unit process changes; respond to internal and external requests in relation to departmental policies and procedures
Provide coaching and mentoring to junior staff; review and approve test results; build working relationships 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

Risk Management

Stablecoin

Embedded Banking

Digital Assets

KRIs

RCSAs

Internal Controls

Regulatory Compliance

Control Testing

Enterprise Risk Framework

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.

Land your dream remote job 3x faster with AI

Try Jobo Free