Business Risk Team Lead 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 and a minimum of 5 years' relevant work experience, or in lieu of a degree, a combined minimum of 9 years' higher education and/or work experience, including a minimum of 5 years' relevant work experience

Responsibilities

Implement defined first line of defense risk management initiatives within the business unit in support of the Enterprise Risk Framework
Manage the risk work and employee assignments to those initiatives responsible for risk and control functions in the business unit
Serve as Subject Matter Expert (SME) for execution of risk functions
Serve as project leader on complex and highly visible risk management projects
Execute risk initiatives that this position leads or for which their team is responsible
Completely and accurately document key business processes
Identify and assess risks and internal controls associated with the key processes under your leadership
Actively participate in the planning, execution, and reporting of the business unit's risk-based testing program
Perform control testing as an individual contributor and ensure control testing is performed for the team’s risk initiatives in accordance with M&T’s First Line of Defense Guidance on Management of Risks & Internal Controls and professional standards
Review testing and evaluate results to determine if issues exist, including independent performance of scripted testing and system administrative duties such as maintenance, validation, and/or updating in the compliance data management system (Archer)
Communicate findings to management
Monitor business unit performance with respect to established key risk indicators (KRIs) and recommend enhancements to strengthen risk control structure
Accurately complete Risk Control Self Assessments (RCSAs) and other risk management reporting, recommending enhancements
Assist in the reporting and escalation 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, as well as the control structures needed to mitigate the risks
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
Validate the quality of the plans implemented
Implement and oversee adherence to policies and procedures for the business unit, including identifying updates or enhancements as business unit processes change
Assist in responding to both internal and external requests in relation to departmental processes and procedures
Provide informal coaching of staff
Provide input to manager with regard to staff performance and growth/development of staff functions and responsibilities for risk initiatives they lead
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

Internal Controls

Control Testing

RCSA

KRIs

Archer

Enterprise Risk Framework

Business Process Documentation

Risk-Based Testing

Compliance Reporting

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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