Business Risk Team Lead - Community Markets

M&T Bank•Baltimore, MD

13d•$89,600 - $149,300

About The Position

Implement defined first-line-of-defense risk management initiatives within the Community Markets 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 execution of risk functions and lead complex, highly visible risk management projects. The role leads or oversees risk initiatives, documents business processes, identifies and assesses risks and internal controls, and participates in the business unit’s risk-based testing program. It includes performing and reviewing control testing, evaluating results, maintaining relevant information in Archer, monitoring key risk indicators, completing risk assessments and reporting, and communicating findings to management. The position identifies emerging risks and risks associated with new or changing products, services, markets, and channels; guides and manages remediation plans; oversees adherence to business-unit policies and procedures; and supports responses to internal and external requests. The role also maintains internal control standards, supports timely resolution of audit and regulatory issues, adheres to applicable compliance and operational risk controls, and promotes an environment that supports belonging and reflects the M&T Bank brand.

Requirements

Bachelor’s degree and at least 5 years of relevant work experience; alternatively, 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 (Third Party Risk Management, Corporate Real Estate, and similar areas) and the associated compliance and operational risks is helpful.

Responsibilities

Lead execution of risk initiatives assigned to the position or its team.
Completely and accurately document key business processes and identify and assess associated risks and internal controls.
Participate in planning, execution, and reporting for the business unit’s risk-based testing program.
Perform control testing and ensure team 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; perform scripted testing and related Archer system administration as needed.
Communicate control-testing findings to management.
Monitor performance against established key risk indicators (KRIs) and recommend enhancements to strengthen the risk control structure.
Complete Risk Control Self Assessments (RCSAs) and other risk management reporting accurately, and recommend enhancements.
Assist with reporting and escalation of risk events and loss events.
Identify emerging risks and risks associated with new or changing products, services, markets, and channels, as well as controls needed to mitigate them.
Guide development of 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 internal and external requests relating to departmental processes and procedures.
Adhere to applicable compliance and operational risk controls and maintain M&T internal control standards.
Ensure timely implementation of internal and external audit points and applicable issues raised by external regulators.
Promote an environment that supports belonging and reflects the M&T Bank brand.
Complete other related duties as assigned.