Retail Business Risk Analyst III - Monitoring and Testing (Hybrid in Buffalo, NY) at M&T Bank

Buffalo, New York, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

Bachelor’s degree and a minimum of 3 years' relevant work experience, or in lieu of a degree, a combined minimum of 7 years' higher education and/or work experience, including a minimum of 3 years' relevant work experience
Preferred: Experience in Risks/Controls and Testing

Responsibilities

Completely and accurately document key business unit processes and identify and assess risks and internal controls associated with these key processes
Actively participate in the planning, execution, and reporting of the business unit's risk-based testing program
Perform control testing in accordance with M&T's First Line of Defense Guidance on Management of Risks & Internal Controls and professional standards, including planning and execution of control and substantive testing, reviewing testing, evaluating results, and independently performing scripted testing of controls
Monitor business unit performance with respect to established key risk indicators (KRIs) and assist in the creation of comprehensive KRI reporting
Accurately complete Risk Control Self Assessments (RCSAs) and other risk management reporting, and assist in the reporting 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
Provide guidance on the development of remediation plans and 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
Research and assess regulatory requirements impacting the business unit
Build working relationships with 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
Complete other related duties as assigned

Skills

Risk Assessment

Internal Controls

Control Testing

RCSA

KRI Monitoring

Risk Reporting

Remediation Plans

Business Process Documentation

Operational Risk

Issues Management

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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