Overview:

This position is responsible for the execution of second line fraud risk management oversight and effective challenge in line with Bank policies, standards, and management expectations. This position will be responsible for continuously monitoring the evolving fraud risk landscape and assisting in the evaluation of key financial crimes control and governance processes to ensure they are designed appropriately and operating effectively. The position requires the ability to function with a high degree of independence while executing a variety of risk functions including risk identification, assessment, escalation, and reporting. The position has a solid understanding of fraud risk management principles, possesses relevant professional certification(s), and proactively works toward expanding knowledge/expertise.  The position requires the establishment of relationships with members of the first line Financial Crimes team to remain apprised of changes to key control processes and supporting technologies. The role also stays apprised of emerging risks and changes to the regulatory landscape.  

Primary Responsibilities:

• Meet regularly with process and control owners in the first line Financial Crimes department to stay apprised of changes to the fraud risk and control environment.
• Independently evaluate the Financial Crimes department’s management of key control processes for the effective and efficient mitigation of operational risk. Develop reports to document and explain observations.
• Ensure first line adherence to key operational risk policies and procedures. 
• Help the first line understand and utilize the Enterprise Risk Framework, which includes assisting in the development and implementation of risk control self assessments (RCSAs), key risk indicators (KRI), and risk escalation processes.  
• Collect and analyze fraud risk data to identify anomalies or potential risk factors. Summarize findings for presentations to Financial Crimes management and relevant risk committees.
• Work with the Financial Crimes department to evaluate new technologies or changes to existing technologies to ensure key risks are appropriately identified and mitigated, and residual risk is appropriately defined. 
• Effectively communicate with others throughout the Bank, including management, via phone, email or in person to obtain information necessary for the completion of reporting, project information and issue resolution.
• Prepare materials/presentations for management and/or relevant risk committees. In some circumstances deliver presentations to management.
• Actively participate in relevant risk committees and other meetings, serving as the second line of defense representative in any discussions.  Ensure the communication of relevant concerns or positions taken to appropriate management. 
• Serve as a risk liaison to the Financial Crimes department.  Escalate significant and/or unresolved risk-related matters to Risk division management.
• Collaborate with first line risk and second line risk partners in a coordinated manner when addressing risk events of the business line. 
• Interact 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. 
• Discern and formalize the impact, likelihood and root cause of issues and/or violations of policy.
• Identify areas of opportunity for efficiency or further effectiveness in departmental processes, and make recommendations to management on the enhancements.   
• 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).
• Support levels of change internally within the department or externally within the Bank, in a positive manner. Develop solutions to issues and make adjustments to expected or normal external requirements.
• Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
• 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.

Supervisory/Managerial Responsibilities:

No direct management but may provide guidance to analysts and specialists.

Education and Experience Required:

Bachelor’s degree and six years' experience in compliance, legal, audit, risk or other relevant function,
OR in lieu of degree,
A combined minimum ten years’ higher education and/or work experience including six years’ experience in compliance, legal, audit, risk or other relevant function.

Proficient computer skills (including spreadsheet and word processing software), analytical skills, working knowledge of applicable laws, written and verbal communications w/ all levels.

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $110,635.01 - $184,391.68 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.

Location

Millsboro, Delaware, United States of America