Business Risk Team Lead

M&T Bank•Buffalo, NY

12d

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 execution of risk functions and as project leader on complex, highly visible risk management projects. The position is responsible for executing risk initiatives, documenting key business processes, identifying and assessing associated risks and internal controls, and participating in the business unit’s risk-based testing program. It includes conducting and overseeing control testing, reviewing testing and evaluating results, communicating findings to management, monitoring key risk indicators, completing risk control self-assessments and other risk reporting, and supporting risk-event reporting and escalation. The role identifies emerging risks, provides guidance on remediation plans, manages remediation and project completion, and validates the quality of implemented plans. It also implements and oversees adherence to business-unit policies and procedures, supports responses to internal and external requests, maintains compliance with applicable risk controls and internal control standards, 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; 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.

Nice To Haves

At least 2 years of experience in risk identification, risk mitigation, risk and control self-assessment, or related disciplines.
Experience understanding Corporate Services (including Third Party Risk Management and Corporate Real Estate) or Community Markets (including CRA, Foundation, and Sustainability), and the associated compliance and operational risks, is helpful.

Responsibilities

Execute risk initiatives led by the position 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 position’s leadership.
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 applicable professional standards.
Review control testing and evaluate results to determine whether issues exist; perform scripted testing and system administration duties in Archer as needed.
Communicate findings to management.
Monitor business-unit performance against established key risk indicators and recommend enhancements to strengthen the risk control structure.
Complete Risk Control Self Assessments 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 changed products, services, markets, or channels, along with controls needed to mitigate those risks.
Provide guidance on developing 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 in responding to internal and external requests concerning 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.