This position is responsible for the delivery of second line Enterprise Risk Management Risk Identification and Markets, Products and Services (MPS) Programs, services, including Risk Identification and Markets, Products and Services (MPS), in line with area policies, industry standards, and management expectations. This position will be responsible for supporting the evolving landscape of the risk management environment and assisting with development of the Enterprise Risk Taxonomy, Business Risk Hierarchy, Process & Control Framework. to identify efficiencies in risk management execution and practices within the business/functions it supports. The position requires the ability to function with a level of independence in the oversight and/or execution of various Enterprise Risk activities one or more activities in a manner that adheres to the expectations of the enterprise risk framework, as it evolves, and the expectations of key stakeholders, up to and including the Board. The position has a comprehensive understanding of the business or functions it supports and continues to work towards gaining further knowledge/expertise.
Primary Responsibilities:Support responsibilities for one or more Enterprise Risk Management activities.Ensure adherence to the Enterprise Risk Identification Policy and associated guidelines.Ensure adherence to Enterprise Risk’s Markets, Products & Services Policy.Ensure adherence to enterprise risk related policies and procedures. Understand and utilize the Risk Management Framework and develop and implement various elements of said framework. Actively participate in initiatives to analyze various elements of said framework.Execute risk identification, risk aggregation and senior management presentation materials.Develop and produce complex and ad hoc reports, spreadsheets and project work related to various risk disciplines based on required frequency (e.g. daily, weekly, monthly or quarterly).Assist in the collection, analysis of process, risk and control data, and preparation of materials/presentations for management. In some circumstances deliver presentations to business partners and management.Perform routine analysis and judgment-based work over a single or a few closely related disciplines to support business decisions. Review the work of others for accuracy.With oversight, serve as a liaison to assigned business units (BUs) or risk pillars. Collaborate in a coordinated manner when addressing risk of the business line. Escalate significant and/or unresolved risk-related matters to Department management. May interact with risk and executive management, lines of business, and support organizations such as Internal Audit and Legal.Participate in continuous improvement of existing processes and develop new processes, as well as, in the planning and implementation of new projects, programs, and plans to achieve short- and long-term business objectives.With minimal oversight, draft/document departmental procedures and other documentation to demonstrate processes. Support efforts to develop and improve training and materials utilized by the department and/or the Bank.Indirect participation in specific regulatory inquiries, examinations, and ongoing periodic status updates.Ensure the communication of relevant concerns or positions are taken to appropriate management.Meet training requirements assigned by the Bank, Division and Department through self-management of appropriate, applicable, cost- effective training opportunities. Proactively pursue knowledge of new bank initiatives (i.e., Agile project management methodology).Understand and adhere to the Company’s risk and regulatory standards, policies, and controls in accordance with the Company’s Risk Appetite. Identify risk-related issues needing escalation to management.Promote an environment that supports diversity 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.Scope of Responsibilities:The incumbent will be responsible for Enterprise Risk Management activities as assigned, as well as build the necessary Bank-wide partnerships to support the enterprise risk division. Activities may include:
Support the CRO and the Bank through the management of governance and enterprise risk processes. Support activities for laws and rules that apply across the enterprise.Stay abreast of evolving themes in risk, understanding various internal and external factors that may impact the Bank. Analyze information to identify risks and trending.Support technology, such as the eGRC system, administrative and reporting processes.Independently evaluate the area's management of key processes for the effective and efficient mitigation of risk.Provides data, analytics and reporting that support the identification, assessment, monitoring, mitigation, and reporting of all significant risks. Develop, administer, and monitor training and precision leadership activities for the Risk Division.Support the automation of processes.Support risk pillar specific processes as needed.Managerial/Supervisory Responsibilities:No direct management but may provide guidance to junior specialists.Education and Experience Required:Bachelor's Degree4 years’ experience in risk identification, risk aggregation, risk taxonomy development, reporting and analytics, governance, or other relevant function OR in lieu of degree, combined minimum 8 years higher education and/or work experience, including minimum 4 years in risk identification, risk aggregation, risk taxonomy development, reporting and analytics, governance, or other relevant function.Education and Experience Preferred:Effectively communicates with others throughout the Bank, including management, via phone, email or in person to obtain information necessary for the completion of reporting, project information and issue resolution.Proficient computer skills (including spreadsheet and word processing software), analytical skills, advanced knowledge of applicable laws, written and verbal communications w/ all levels.Knowledge of risk analytics and reporting, including the development, implementation, and use of all relevant decision technologies, such as eGRC systems such as Archer.Physical Requirements:None
M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $71,985.72 - $119,976.20 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.LocationBuffalo, New York, United States of America