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M&T Bank · 3 months ago

Commercial Bank Business Risk Partner - Cyber, Technology, Data and Transformation

Buffalo, NY

Full-time

Hybrid

Senior Level, Lead/Staff

$119K/yr - $198K/yr

9+ years exp

M&T Bank is seeking a Commercial Bank Business Risk Partner focused on Cyber, Technology, Data and Transformation Risk. This role is responsible for establishing strategic direction, coordinating analytics to identify and monitor risks, and collaborating with business partners to ensure compliance and regulatory adherence.

Financial Services

Responsibilities

Ensure a comprehensive throughout the enterprise understanding of complex compliance and regulatory requirements applicable to cyber, technology, data and transformation risk management within the banking industry

Effectively communicate applicable requirements to cross-functional partners throughout the First Line of Defense. Partner with Business Lines, Internal Audit, Treasury Division, Credit Administration, etc. as required

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

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 cyber, technology, data and transformation risk. Develop Key Risk Indicators (KRIs) to monitor compliance to the Enterprise Risk Appetite

Maintain an in-depth understanding of key regulatory requirements for cyber, technology, data and transformation and the enterprise risk management framework and adherence to enhanced prudential standards

Oversee reporting to Business Unit Management, Scenario Management and internal risk committees. Provide direct assistance/support to the First Line Risk Officer

Develop and review presentation materials and risk reports with senior management and the Risk Committee of the Board of Directors

Evaluate risk controls and identify 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 risk assessment activities and account for emerging risks; ensure open Internal Audit recommendations are fully resolved in a timely manner

Assess cyber, technology, data and transformation risk 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 commercial bank cyber, technology, data and transformation 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 belonging and reflects the M&T Bank brand

Complete other related duties as assigned

Qualification

Risk ManagementCyber Risk AssessmentData AnalysisQuantitative SolutionsRegulatory ComplianceCross-functional CollaborationCommunication SkillsLeadership Skills

Required

Bachelor's degree in quantitative/analytical discipline (e.g., Finance, Accounting or Economics)

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

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