Business Risk Team Lead - Community Markets

M&T Bank•Buffalo, NY

12d•$89,600 - $149,300•Onsite

About The Position

Implement defined first line of defense risk management initiatives within the business unit in support of the Enterprise Risk Framework. Manage risk work and coordinate with individuals responsible for risk and control functions in the business unit. Serve as a subject matter expert for executing risk functions and as project leader on complex, highly visible risk management projects. The role leads or supports risk initiatives, documents key business processes, identifies and assesses risks and internal controls, and participates in the business unit’s risk-based testing program. It includes reviewing control testing, evaluating results, communicating findings to management, monitoring key risk indicators, completing risk assessments and reporting, and escalating risk and loss events. The role also identifies emerging and change-related risks, guides and manages remediation plans, oversees adherence to policies and procedures, and maintains internal control standards. Other related duties may be assigned.

Requirements

Bachelor’s degree and at least 5 years of relevant work experience, or, in lieu of a degree, a combined minimum of 9 years of higher education and/or work experience, including at least 5 years of relevant work experience.
At least 2 years of experience in risk identification, risk mitigation, risk and control self-assessment, or related disciplines.

Nice To Haves

Experience understanding Community Markets (CRA, Foundation, Sustainability) and the associated compliance and operational risks is helpful.
Experience understanding Corporate Services, such as Third Party Risk Management or Corporate Real Estate, and the associated compliance and operational risks is helpful.

Responsibilities

Execute risk initiatives led by the role or assigned to the team.
Completely and accurately document key business processes.
Identify and assess risks and internal controls associated with key processes under the role’s leadership.
Participate in planning, execution, and reporting for the business unit’s risk-based testing program.
Perform control testing and ensure the team’s testing follows M&T’s First Line of Defense Guidance on Management of Risks & Internal Controls and professional standards.
Review control testing and evaluate results to determine whether issues exist; responsibilities may also include scripted testing and administration of the Archer compliance data management system.
Communicate findings to management.
Monitor business unit performance against established key risk indicators and recommend enhancements to strengthen risk controls.
Complete Risk Control Self Assessments and other risk management reporting accurately, recommending enhancements.
Assist with reporting and escalation of risk events and loss events.
Identify emerging risks and risks associated with new or changed products, services, markets, or channels, along with the controls needed to mitigate them.
Provide guidance on remediation plans, manage their timely completion, and validate the quality of implemented plans.
Manage projects addressing issues identified internally or by Enterprise Risk Management, Compliance, Internal Audit, or external regulators.
Implement and oversee adherence to business unit policies and procedures, identifying updates or enhancements as processes change.
Assist with responses to internal and external requests related to departmental processes and procedures.
Adhere to applicable compliance and operational risk controls in accordance with company and 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 and applicable issues raised by external regulators.
Complete other related duties as assigned.