Operational Risk Senior Advisor

M&T Bank Corporation; New York (NY); On-site; USD 151,000 - 251,000; Full time

Benefits offered by this job

Competitive benefits

Job summary

M&T Bank Corporation in New York, NY, seeks an experienced Operational Risk Manager responsible for independent, risk-based challenge and second line risk management in alignment with the ORM framework and regulatory expectations. This role collaborates with Technology and Product Owners to strengthen risk practices.

You will assess risks across technology-enabled processes, data-driven decisioning, and evolving business models, delivering risk opinions to senior leadership and driving

Qualifications

• Bachelor’s degree and eight years' experience in compliance, legal, audit, risk or other relevant function.
• Proficient computer skills and analytical ability.
• Written and verbal communications with all levels.

Responsibilities

• Provides oversight and critical challenge of identification, assessment, monitoring, mitigation and reporting of significant risks across the business.
• Escalate gaps and assess remediation adequacy and timeliness.
• Prepare and present risk opinions, reports, and senior leadership presentations.

Skills

Operational risk management

Technology risk

Regulatory knowledge

Risk reporting

Stakeholder collaboration

Education

Bachelor's degree in a relevant field

Tools

Operational Risk Tools

Metrics & Monitoring Reports

Job description

Overview

Overview: This position is responsible for delivery of independent, risk-based challenge and 2nd line risk management services in alignment with the Operational Risk Management Framework, applicable policies, regulatory expectations, and industry standards. The role reports to an Operational Risk Senior Manager and supports providing independent and objective insights to guide and influence business risk management in the enhancement and implementation of their risk management practices. The role will assess risks, threats and opportunities, including those arising from evolving technologies, customer-facing digital channels, data-driven decisioning, and emerging business models. The individual is knowledgeable both with respect to Operational Risk Management concepts, inclusive of industry best practices and the businesses they oversee, inclusive of experience with technology-enabled process risk, third-party dependencies, data and model risk intersections, resilience and change management risk. This role requires execution in a manner that supports collaboration and efficiency amongst risk partners, effective interaction with Technology and Product Owners, and meets the expectations of senior management, risk governance and audit and regulatory expectations. The position requires the ability to function with a level of independence in the oversight and/or execution of their role, as well as working effectively within the department. The area of oversight for this role is rapidly evolving and changing. The position requires flexibility and the ability to leverage risk concepts and tools into new areas that may not have well defined/documented processes.

Primary Responsibilities

• Provides oversight and critical challenge of the identification, assessment, monitoring, mitigation and reporting of all significant risks throughout the business/function.
• Challenge unmitigated risks in accordance with risk framework and assess adequacy and timeliness of remediation.
• Escalate identified gaps appropriately.
• Prepare, review, and present clear, well-supported risk opinions, reports, and presentations for senior leadership addressing the state of the operational risk environment, emerging risks, and key themes.
• Support ORM’s Framework with First Line Risk.
• Monitor execution for alignment with ORM policies and guidance, as well as supervisory expectations.
• Collaborate with first line risk teams, technology risk, compliance, model risk, and other second line partners to drive consistency, transparency, and value-added risk management outcomes.
• Assess issues, control failures, or policy breaches to determine whether root cause has been adequately identified by first line and remediation plans are effective and sustainable.
• Interact with external peers and members of professional organizations to remain aware of changing or emerging risks and proactively bring key information to team for inclusion/consideration in continuous monitoring and/or other oversight activities.

Supervisory/ Managerial Responsibilities

No direct management but may provide guidance to others.

Education and Experience Required

Bachelor’s degree and eight years' experience in compliance, legal, audit, risk or other relevant function, OR in lieu of degree, A combined minimum twelve years’ higher education and/or work experience including eight years’ experience in compliance, legal, audit, risk or other relevant function. Proficient computer skills (including spreadsheet and word processing software), analytical skills, working knowledge of applicable laws, written and verbal communications w/ all levels.

Preferred Skills & Experience

• Eight years of progressive-growth experience within Operational Risk Management, Technology Risk Management, and/or Enterprise Risk Management.
• Hands-on experience in Operational Risk Tools, Metrics, and Monitoring Reports development and /or enhancement projects.
• Second line Operational Risk experience with a Cat 3 or larger financial institution.
• Project planning experience or Project Management certification.
• Risk oversight or direct experience in core bank support functions, including but not limited to: Premises, Corporate Security, Procurement and Vendor Management, Communications, Legal, Human Resources.

Compensation

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $150,800.00 - $251,300.00 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.

Location

New York, New York, United States of America

Company Culture

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.

Benefits

• 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.

Drug Free Workplace

M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.