Job Information
M&T Bank Business Risk Partner, Commercial (Hybrid) in Buffalo, New York
Overview:
The Business Risk Partner will have a specific focus on either: counterparty risk, market risk, liquidity risk or interest rate risk. This position is responsible for establishing the long-range strategic direction and ongoing operations, coordinating appropriate analytics to identify, assessing and monitoring risk and controls, collaborating with business partners and risk units on compliance and regulatory issues, and driving process improvements and sustainability while reducing cycle time. Additionally, this position is responsible for developing and implementing policies and procedures that drive data informed decisions to ensure risk exposures are within the Bank’s risk appetite. Responsible for understanding and applying all of the laws, regulations and supervisory guidance related to the position.
Primary Responsibilities:
Ensure a comprehensive throughout the enterprise understanding of complex compliance and regulatory requirements applicable to counterparty risk management within the banking industry.
Effectively communicate applicable requirements to cross-functional partners throughout the organization (i.e. First Line of Defense, Business Lines, Internal Audit, Treasury Division, Credit Administration, etc.).
Identify opportunities to leverage statistical and quantitative solutions to solve business problems and improve the Bank’s risk reporting and risk identification processes, particularly as it relates to counterparty risk. Develop Key Risk Indicators (KRIs) to monitor compliance to the Enterprise Risk Appetite.
Maintain an in-depth understanding of key regulatory requirements for counterparty risk, wrong-way risk, bank-wide credit risk, stress testing and the enterprise risk management framework and adherence to enhanced prudential standards.
Develop and review presentation materials and counterparty risk reports with senior management and the Risk Committee of the Board of Directors.
Evaluate risk controls and identify counterparty risk deficiencies and conduct other complex independent assessment on a recurring and ad-hoc basis in support of achieving the Bank’s risk management objectives and regulatory compliance.
Develop and maintain tools to enhance counterparty credit assessment activities and account for emerging risks; ensure open Internal Audit recommendations are fully resolved in a timely manner.
Assess counterparty credit assessment and exposure aggregation processes and continuously look for ways to improve effectiveness and efficiency.
Manage and develop needs-based risk reporting for the Risk Committee of the Board to ensure their awareness of significant issues related to counterparty risk.
Drive process improvement initiatives and work with project teams to implement changes to methodology and enhance/streamline processes to improve efficiency and sustainability.
Provide leadership, guidance and direction to staff regarding all aspects of data analysis, risk reporting, risk identification, risk policies and governance and regulatory compliance.
Maintain and develop in others knowledge on standard concepts, practices, and procedures within the risk analytics field.
Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
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.
Promote an environment that supports diversity and reflects the M&T Bank brand.
Complete other related duties as assigned.
Scope of Responsibilities:
This position is responsible for enterprise-wide counterparty risk management oversight, including all associated responsibilities to support the office of Chief Risk Officer and to partner with cross-functional working teams to include lines of business, Credit and Finance to ensure compliance with critical regulatory requirements and achieve organization-wide risk management objectives. Interact on a broad base with executive and senior management as well as the Board of Directors.
Education and Experience Required:
Bachelor’s degree in quantitative/analytical discipline (e.g., Finance, Accounting or Economics) and minimum of nine years’ experience in a risk or business quantitative position including a minimum of three years' experience in credit analysis and market and macro-economic dynamics,
OR in lieu of degree,
A combined thirteen years' work experience and/or higher education with a minimum of three years' experience in credit analysis and market and macro-economic dynamics.
Three years of experience in formulating, developing and directing cross-functional teams.
Excellent verbal and written communication, cross-functional collaboration and management skills.
Ability to communicate concepts/theories and develop alternative recommendations.
Ability to make effective presentations to all levels of the organization.
Ability to build consensus, and move projects forward despite roadblocks and competing functional priorities.
Education and Experience Preferred:
Master’s degree and commercial credit experience.
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M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $118,945.80 - $198,243.00 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.
Location
Buffalo, New York, United States of America
M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer, including disabilities and veterans.