Overview:

The Business Risk Manager will perform first line of defense holistic risk management responsibilities in support of two major Business Areas: Commercial Equipment Finance and Dealer Commercial Services teams.  This position is responsible for overseeing the proactive identification, accurate assessment, and reporting of risks within these business areas, including loss events and Key Risk Indicators (KRI’s).   Ensure the appropriate escalation of identified issues and the timely completion of remediation plans. Build strong relationships across the Business Executive Leadership team, operational and support areas, as well as 2LOD and 3LOD.  Assist the Business Risk Officer in setting direction for the department and risk policy of the organization.

Primary Responsibilities:

• Lead the planning, execution, and reporting of the business unit's first line of defense risk management function including ensuring the documentation of key processes and internal controls. Ensure the complete and proper identification and assessment of risks in the business unit's key processes in accordance with the Enterprise Risk Framework, internal guidance, and risk management professional standards.
• Produce, distribute, and present First Line Risk Management reporting to Business Unit Management, internal risk working groups, and/ or 2LOD committees. Provide direct assistance/support to the First Line Risk Officer
• Monitor business unit performance with respect to established key risk indicators (KRIs) and prepare comprehensive KRI reporting.
• Ensure the accurate and timely completion of Risk Control Self Assessments (RCSAs) and other risk management reporting. Develop a process by which emerging risks and losses are reviewed and incorporated into the RCSAs and KRIs.
• Identify emerging risks and risks associated with new products/ services/ markets/ channels or changes to existing products/ services/ markets/ channels and oversee the reporting of these risks to management and the Markets, Products and Services Risk Committee.
• Ensure the effective and efficient management and reporting of issues, including remediation plans. Develop and oversee the process for identifying and reporting risk events and losses in a timely manner. Appropriately escalate identified issues to the First Line Risk Officer and business unit management.
• Inform and recommend areas of focus for the business area’s control design, risk-based testing, continuous monitoring programs.
• Develop, implement and oversee the maintenance of risk management policies for the business unit. This includes the updating of policies in response to federal, state or business unit process changes. Respond to both internal and external requests in relation to departmental policies and procedures. 
• Build a working relationship with business unit executive and senior management, Internal Audit, Corporate Operational Risk and Corporate Compliance Portfolio Managers.
• 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 belonging 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.

Supervisory/ Managerial Responsibilities:

May supervise a team of 2+ specialized analysts and senior analysts.

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 preferred.

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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