Business Risk Team Lead

001 Manufacturers and Traders Trust Co; Buffalo (NY); On-site; USD 90,000 - 149,000; Full time

Job summary

M&T Bank Corporation is seeking an experienced risk management professional to implement first line of defense initiatives and serve as SME for risk execution. You will lead complex risk projects, document critical processes, and coordinate with risk and control functions across the business unit.

You will identify risks, participate in risk-based testing, and oversee remediation plans, ensuring adherence to internal controls and regulatory requirements. Buffalo, NY area location.

Qualifications

• Bachelor’s degree with a minimum of 5 years’ relevant risk experience, or 9 years combined education/work experience.
• Experience executing risk initiatives and documenting business processes within a large organization.
• Familiarity with risk and control self-assessments and regulatory controls is preferred.

Responsibilities

• Execute risk initiatives led by self or team and document key business processes accurately.
• Identify and assess risks and internal controls associated with processes you lead.
• Plan, execute and report on the business unit’s risk-based testing program.
• Perform control testing and evaluate testing results for issues.
• Optionally conduct scripted testing and manage system duties in Archer.
• Communicate findings to management and monitor KRIs.
• Complete RCSAs and other risk reports; escalate risk events as needed.
• Ensure adherence to policies, respond to internal/external requests, and support remediation plans.

Skills

Risk management

SME for risk execution

Project leadership

Education

Bachelor’s degree

5+ years relevant work experience

Tools

Archer

Job description

Overview

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 coordinate with individuals 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.

Primary Responsibilities

• Responsible for the execution of risk initiatives that this position leads or for which their team is responsible to conduct.
• Responsible for completely and accurately documenting 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.
• Specific control testing responsibilities will involve the review of testing, and evaluating results to determine if issues exist.
• Responsibilities may also include independent performance of scripted testing as well as system administrative duties such as the 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 to each.
• 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 the adherence to policies and procedures for the business unit. This includes identifying updates or enhancements as business unit processes change.
• In addition, assist in responding to both internal and external requests in relation to departmental processes and procedures.
• 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.

Education and Experience Required

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.

Education and Experience Preferred

Minimum of 2 years’ experience working in risk identification, risk mitigation, risk and control self-assessment, or related disciplines. Experience in understanding [ Corporate Services (Third Party Risk Management, Corporate Real Estate, and the like) / Community Markets (CRA, Foundation, Sustainability)] and the Compliance and Operational risks associated therein is helpful.

Pay

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $89,600.00 - $149,300.00 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.

Location

Buffalo, New York, United States of America

About M&T Bank

Great companies have an enduring sense of purpose. At M&T, our purpose is a simple one: make a difference in people’s lives and uplift the communities we serve. M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T’s affiliates offer advice, guidance, expertise and solutions across the entire financial spectrum, combining M&T Bank’s traditional banking services with the wealth management and institutional capabilities offered by Wilmington Trust. M&T Bank has a network of over 1,000 branches and 2,200 ATMs that span 12 states from Maine to Virginia and Washington, D.C. For more than 165 years, M&T has strived to take an active role in our communities and build long-lasting relationships with our customers. We are a bank for communities—combining the capabilities of a large bank with the care of a locally focused institution. As an employer of choice, we are proud to offer competitive benefits ranging from medical and retirement to forty hours of paid volunteer time, each year. Our core values – integrity, ownership, collaboration, curiosity, and candor – drive the work we do. We seek to further build upon our record of success by bringing in top talent and fresh skill sets while continuing to support the growth and development of all our team members. View M&T’s Human Capital Report to learn more.

Equal Employment Opportunity

M&T Bank is unwavering when it comes to providing equal employment opportunities to all employees and applicants without regard to race, color, national origin, religion, ethnicity, sex, gender identity, age, disability, citizenship, pregnancy, veteran status, military status, marital status, sexual orientation, genetic information or any other characteristic protected under applicable federal, state or local laws. M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.