Operational Risk Senior Manager (Hybrid - See Job Description for Listed Locations) at M&T Bank

New York, 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

Hybrid work arrangement requiring in-office presence three days a week in Buffalo, NY; Bridgeport, CT; Manhattan, NY; Boston, MA; or Wilmington, DE
Expertise as a subject matter expert in the businesses or functions overseen, the Operational Risk program, and solid understanding of other risk pillars
Ability to exercise independent judgment, discretion, and decision-making
Strong relationship-building and communication skills with senior and executive level management and stakeholders
Capability to manage and guide the development of a second-line Operational Risk team
Experience providing independent and objective insights on Operational Risk program and practices
Knowledge of industry standards, management expectations, and Operational Risk framework
Ability to interact with senior, middle, and line management, external peers, and professional organizations
Participation in risk committees and governance activities
Responsiveness to regulatory inquiries, examinations, and remediation actions
Self-management of training requirements and pursuit of new bank and industry knowledge
Willingness for limited travel to seminars and conferences

Responsibilities

Manage all aspects of second-line risk management for designated business/function oversight per the Operational Risk Management framework
Provide oversight, critical challenge, and reporting on identification, assessment, monitoring, mitigation, and reporting of significant risks
Challenge unmitigated risks, assess remediation adequacy and timeliness, and escalate gaps to risk governance committees and executive management
Manage or execute detailed reports/presentations for senior audiences on operational risk environment, including opinions and concerns
Determine inclusion of risk events in reporting to external stakeholders, regulatory reporting, executive, and senior management
Interact regularly with management levels, external peers, and professional organizations to monitor emerging risks and incorporate into oversight
Lead/participate in risk committees, deliver governance, and assess adherence to risk appetite
Communicate effectively with all stakeholders, including senior/executive management, using audience-appropriate insights and materials
Participate and respond timely to regulatory inquiries/examinations, complete remediation actions, and represent second line in regulator/Internal Audit discussions
Implement departmental procedures within the team and provide guidance
Meet assigned training requirements through self-management and pursue knowledge of new initiatives
Provide guidance and direction (incomplete in description)

Skills

Operational Risk Management

Risk Oversight

Risk Assessment

Risk Monitoring

Risk Mitigation

Risk Reporting

Second Line Defense

Stakeholder Management

Team Leadership

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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