Enterprise Risk Advisor (Hybrid - Buffalo, NY, NYC, Wilmington, DE)

Risk Management Specialist

This position is responsible for the development and delivery of M&T's Risk Appetite within second line Enterprise Risk Management. The position is responsible for advising line management, senior leadership and executive leadership as it relates to risk of the businesses or functions supported and is expected to coordinate information sharing with other risk partners. The position will be responsible for leading development and delivery of activities that help the Bank keep pace with the evolving landscape of the risk management environment and identifying continuous improvements in the execution of practices within the Risk Management Division. The position requires the ability to function autonomously in the oversight and/or execution of one or more activities in support of the services described above and will play a key role with supporting the development of program level activities. Activities performed will help the Bank and areas supported adhere to the expectations of the enterprise risk framework and the expectations of key stakeholders, up to and including the Board. The individual is considered a subject matter expert in the businesses or functions that they support.

Primary Responsibilities

• Support the Risk Appetite function within the Enterprise Risk Management department
• Establish and maintain the Bank's Risk Appetite Framework, Risk Appetite Statement, Measures and Constraints
• Work with the business and risk stakeholders to provide monthly and quarterly Risk Appetite reporting to senior management and the Board
• Review and escalate Risk Appetite breaches and monitor remediation plans
• Provide guidance and support in recalibrating and cascading Risk Appetite Measures and Constraints across the First Line and Second Line of Defense
• Support the connectivity of Risk Appetite to the Bank's Strategy, Capital Planning, Risk Identification, and other programs
• Manage eGRC tool to effectively report on Risk Appetite
• Collaborate with senior leaders across the Three Lines of Defense to ensure Risk Appetite standards are met and risks are adequately addressed
• 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). Periodically analyze existing reporting to identify improvement opportunities.
• Collect and/or analyze of data necessary for presentations for/to senior management and governance committees. Prepare and present materials/presentations to business partners, senior and executive management. May assist with materials provided to various risk committees.
• Perform highly complex analysis and judgment-based work over a standard discipline or a range of disciplines to support business decisions. Review the work of others for accuracy.
• Assist in identification of program gaps and develop remediation plans to address those gaps in a timely manner. Escalate identified gaps to risk governance committees and executive management as necessary. Continuously enhance the Enterprise Risk Management program elements to improve effectiveness. Assist with the implementation of enhancements to processes.
• Lead continuous improvement of existing processes and develop new processes, as well as, the planning and implementation of new projects, programs, and plans to achieve short-term and long-term business objectives.
• Draft/Document or review departmental procedures and other documentation to demonstrate processes. In addition, develop value-added process improvements, resolve risk issues, and enhance reporting and/or information necessary to assess risk. Lead and/or 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. Serve as a departmental representative in discussions with Internal Audit.
• Participate in various risk committees and other meetings. Ensure the communication of relevant concerns or positions are taken to appropriate management.
• Act as lead for departmental system support, coordinating with internal business partners, vendors and technology to address issues for the department.
• Provide guidance and direction to others regarding various matters. Perform reviews of the work of others to ensure it was accurately prepared and appropriate for the intended audience.
• 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). Limited travel may be required for infrequent seminars and conferences.
• 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. In addition, the incumbent will partner with Risk Division leaders, Technology and work alongside business partners to ensure the necessary governance and controls are in place to control and monitor risk. 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. May serve in a mentoring capacity.

Education and Experience Required

Bachelor's Degree plus 8 years of experience in enterprise risk management function, specially Risk Appetite (Risk Appetite Framework, Risk Appetite Statement, Risk Appetite Metric development, setting Risk Appetite thresholds, working with the business & risk management to cascade Risk Appetite) OR possibly in another risk area such as Financial Risk (credit risk, market risk, liquidity risk) related to Risk Appetite that involves setting risk limits for that risk area.

OR in lieu of degree,

A combined minimum twelve years' higher education and/or work experience including8 years of experience in enterprise risk management function, specially Risk Appetite (Risk Appetite Framework, Risk Appetite Statement, Risk Appetite Metric development, setting Risk Appetite thresholds, working with the business & risk management to cascade Risk Appetite) OR possibly in another risk area such as Financial Risk (credit risk, market risk, liquidity risk) related to Risk Appetite that involves setting risk limits for that risk area.

Education and Experience Preferred

• Master's degree or MBA
• Effectively communicates with others throughout the Bank, including senior 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, expert knowledge of applicable laws, written and verbal communications w/ all levels.
• Ability to design and implement process, control and system changes.
• Knowledge of risk analytics and reporting, including the development, implementation and use of all relevant decision technologies, such as eGRC systems.
• Interacts with external peers and members of professional organizations to remain aware of changing or emerging risks and proactively bring key information to team for inclusion/consideration in continuous monitoring and/or other oversight activities.

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $107,500.00 - $179,100.00 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