Enterprise Risk Director at M&T Bank

Buffalo, New York, United States

Apply Now

Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

Ability to manage and oversee delivery of second line Enterprise Risk Management services in line with policies, industry standards, and management expectations
Capability to advise senior and executive leadership on risks related to supported businesses or functions
Skill in coordinating information sharing with other risk partners
Proficiency in managing activities to keep pace with evolving risk management landscape and identifying continuous improvements
Ability to positively influence internal and external personnel
Expertise in developing strategy and direction in context of the bigger picture, supporting collaboration and efficiency
Capacity to function autonomously in oversight and/or execution of multiple risk activities and ensure development of program-level activities
Knowledge to remain apprised of business changes, communicate/present emerging risks, regulatory changes, and cost-beneficial enhancements
Subject matter expertise in supported businesses/functions, understanding other risk elements and the business in Bank-wide context

Responsibilities

Manage one or more areas of Enterprise Risk Management (e.g., Regulatory Affairs or Reporting Center of Excellence)
Develop, maintain, and implement corporate risk policies, overall framework, and Enterprise Risk strategy, ensuring adequate subject matter expertise and/or data availability
Provide independent oversight and critical challenge of identification, assessment, monitoring, mitigation, and reporting of significant risks and practices in the First Line of Defense and Risk division
Ensure underlying elements of the risk management framework accurately reflect the risk environment in a risk-based, collaborative manner
Identify gaps or deficiencies and ensure remediation activities address the risk; escalate through governance structure to senior management/governance committees as appropriate
Lead initiatives to analyze various elements of the risk management framework
Manage delivery of high-complexity, ad hoc, and detailed reports, spreadsheets, and project work related to multiple risk disciplines based on required frequency
Ensure adequate analysis and challenge of existing reporting to identify improvement opportunities
Oversee collection of data and analysis for presentations to senior management and governance committees; present materials to business partners, senior/executive management, risk committees, and the Board
Provide leadership over highly complex analysis and judgment-based work across multiple disciplines to support business decisions; review others' work for accuracy and champion Bank's goals, department objectives, and risk culture
Serve as primary point of contact, leading communication and collaboration with all stakeholders including senior/executive management, the Board, and first line risk

Skills

Enterprise Risk Management

Risk Oversight

Regulatory Compliance

Stakeholder Management

Strategic Planning

Risk Assessment

Program Management

Leadership

Business Acumen

Policy Development

Continuous Improvement

Emerging Risks

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