Commercial Bank Business Risk Partner - Cyber, Technology, Data and Transformation 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

Comprehensive understanding of complex compliance and regulatory requirements applicable to cyber, technology, data and transformation risk management within the banking industry
In-depth understanding of key regulatory requirements for cyber, technology, data and transformation and the enterprise risk management framework, including adherence to enhanced prudential standards
Ability to understand and apply all laws, regulations, and supervisory guidance related to the position
Knowledge of standard concepts, practices, and procedures within the risk analytics field
Skills in leveraging statistical and quantitative solutions to solve business problems and improve risk reporting and identification processes

Responsibilities

Establish long-range strategic direction and ongoing operations for Cyber, Technology, Data and Transformation Risk within the Commercial Bank
Coordinate analytics to identify, assess, and monitor risk and controls
Collaborate with business partners and risk units on compliance and regulatory issues
Drive process improvements and sustainability while reducing cycle time
Develop and implement procedures that drive data-informed decisions to ensure risk exposures are within the Bank’s risk appetite
Effectively communicate applicable requirements to cross-functional partners throughout the First Line of Defense (e.g., Business Lines, Internal Audit, Treasury Division, Credit Administration)
Lead the planning, execution, and reporting of the business unit's first line of defense risk management function, including documentation of key processes and internal controls
Ensure complete and proper identification and assessment of risks in key processes per the Enterprise Risk Framework, internal guidance, and risk management standards
Identify opportunities to leverage statistical and quantitative solutions for risk reporting and identification, particularly for cyber, technology, data and transformation risk; develop Key Risk Indicators (KRIs) to monitor compliance to Enterprise Risk Appetite
Oversee reporting to Business Unit Management, Scenario Management, and internal risk committees; provide direct assistance/support to the First Line Risk Officer
Develop and review presentation materials and risk reports for senior management and the Risk Committee of the Board of Directors
Evaluate risk controls, identify deficiencies, and conduct complex independent assessments on a recurring and ad-hoc basis to support risk management objectives and regulatory compliance
Develop and maintain tools to enhance risk assessment activities and account for emerging risks; ensure timely resolution of open Internal Audit recommendations
Assess cyber, technology, data and transformation risk and exposure aggregation processes and improve effectiveness and efficiency
Manage and develop needs-based risk reporting for the Risk Committee of the Board to ensure awareness of significant issues
Drive process improvement initiatives and work with project teams to implement changes to methodology and enhance/streamline processes
Provide leadership, guidance, and direction to staff on data analysis, risk reporting, risk identification, risk policies, governance, and regulatory compliance
Maintain and develop knowledge in others on risk analytics concepts, practices, and procedures
Adhere to applicable compliance/operational risk controls per Company or regulatory standards and policies
Maintain M&T internal control standards, including timely implementation

Skills

Cyber Risk Management

Technology Risk Management

Data Risk Management

Transformation Risk

Risk Analytics

Key Risk Indicators

Statistical Analysis

Quantitative Analysis

Regulatory Compliance

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.

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