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M&T Bank · 3 days ago

Enterprise Risk Director

Buffalo, NY

Full-time

Onsite

Lead/Staff, Director/Executive

$155K/yr - $258K/yr

12+ years exp

M&T Bank is seeking an Enterprise Risk Director to manage and oversee the delivery of second line Enterprise Risk Management services. The role involves advising senior leadership on risk management, developing strategies, and ensuring compliance with regulatory standards.

Financial Services

Hiring Manager

Alex Shupe

Responsibilities

Responsible for management of one or more areas of Enterprise Risk Management such as: Regulatory Affairs or Reporting Center of Excellence

Develop, maintain and implement Corporate risk policies, the overall framework and Enterprise Risk strategy ensuring adequate subject matter expertise and/or data is available. Provides independent oversight and critical challenge of the identification, assessment, monitoring, mitigation, and reporting of all significant risks and risk practices within the First Line of Defense and throughout the Risk division. In risk-based and collaborative manner, ensure underlying elements of the risk management framework accurately reflect the risk environment. Identify gaps or deficiencies, and ensure remediation activities address the risk. Escalate through the governance structure up to and including senior management / governance committees, as appropriate. Lead initiatives to analyze various elements of said framework

Manage the delivery the completion of high-complexity, ad hoc and appropriately detailed reports, spreadsheets and project work related to multiple risk disciplines based on required frequency (e.g. daily, weekly, monthly or quarterly). Ensure adequate analysis and challenge of existing reporting to identify improvement opportunities

Oversee the collection of data and analysis for presentations for/to senior management and governance committees. Present materials/presentations to business partners, senior and executive management, risk committees and the Board

Provide leadership to the department over highly complex analysis and judgment based work over multiple disciplines when used to support business decisions. Review the work of others for accuracy and serve as a champion supporting the Bank's goals, Department objectives and risk culture

Serve as primary point of contact and lead in effectively communicating and collaborating with all stakeholders in the Bank including Senior Managers, executive management and the Board, first line risk and other second line risk partners with respect to risk related matters and in a manner in which the Bank manages its risks. Able to readily discuss and address issues or concerns. Escalate significant and/or unresolved risk-related matters to Department management. Interact with State and Federal Regulatory Agencies, and support organizations such as Internal Audit and Legal

Identify program gaps and develop remediation plans to address those gaps in a timely manner. Escalate identified gaps to risk governance committees, executive management and the Board when necessary. Continuously enhance the Risk Management program elements to improve effectiveness. Oversee the implementation of enhancements to processes

Define and lead efforts in the achievement of short and long-term business objectives. May oversee budget, P&L and other business reporting. Analyze variances and report to leadership. Make recommendations on variances and methods to increase efficiency, lower costs, etc. Implement recommendations upon management approval

Drive continuous improvement of existing processes and develop new processes/solutions to achieve short and long term business objectives based upon limited information and direction. The need for and pace of change may be dynamic and frequent

Lead/oversee the implementation of departmental procedures and other documentation to demonstrate processes. Ensure work is performed accurately, timely and in adherence to corporate risk policies, procedures and key risk related controls. In addition, develop value-added process improvements, resolve risk issues, and enhance reporting and/or information necessary to assess risk. Make enhancements to processes when necessary to ensure independent oversight. Lead and/or support efforts to develop and improve training and materials utilized by the department and/or the Bank

Direct participation in specific regulatory inquiries, examinations and ongoing periodic status updates. Serve a departmental representative in discussions with State and Federal Regulatory Agencies, and Internal Audit

Lead/Participate and/or serve as a committee member, as appropriate, in various risk committees. Ensure the communication of relevant concerns or positions are taken to appropriate management. Keep abreast of business and market trends that may affect the business/department. Lead industry peer groups, forums, and associations focused on risk management

On a limited basis, serve as the departmental representative when other areas of the Bank request a presentation of the department

Exercise usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, performance management and terminations. Provide guidance and direction with respect to team members career goals

Meet Training requirements assigned by the Bank, Division and Department. 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 belonging 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

Qualification

Enterprise Risk ManagementRisk AnalyticsGovernanceRegulatory AffairsData AnalysisProcess ImprovementLeadershipAnalytical SkillsCommunication SkillsProject ManagementTeam ManagementPresentation Skills

Required

Bachelor's Degree

12 years experience in risk, reporting and analytics, governance, or other relevant function

OR in lieu of degree, combined minimum 16 years higher education and/or work experience, including 12 years in risk, reporting and analytics, governance, or other relevant function

Minimum Of 7 Years Managerial Or Supervisory Experience

Preferred

Master's degree or MBA

Effectively communicates with all levels of the Bank, including executive management and the Board, via phone, email or in person to obtain information necessary for the completion of reporting, project information and issue resolution. Ability to convey complex and/or nuanced concepts in an effective and understandable manner

Proficient computer skills (including spreadsheet and word processing software), analytical skills, working 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

Demonstrated leadership capabilities