Hybrid Retail Business Risk Analyst III – Operational Risk Issues Management & Policy

at M&T Bank

• Job title: Retail Business Risk Analyst III – Operational Risk Issues Management & Policy
• Job type: Full Time
• Experience level: Mid level, Senior
• Salary: $71,985 - $119,976 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Buffalo, United States

About the role

• Risk Analyst supporting operational risk management initiatives and compliance at M&T Bank. Assisting in reporting, testing, and risk assessment across business units in Buffalo, NY.

Responsibilities

• Support the first line of defense risk management function by assisting with the identification and assessment of risks, risk monitoring and testing, and issues management
• Provide assistance in the development of various operational risk/compliance related initiatives within the line of business and manage the implementation of less complex initiatives
• Responsible for completely and accurately documenting key business unit processes
• Identify and assess risks and internal controls associated with these key processes
• Actively participate in the planning, execution and reporting of the business unit's risk-based testing program
• Perform control testing in accordance with M&T's First Line of Defense Guidance on Management of Risks & Internal Controls and professional standards
• Monitor business unit performance with respect to established key risk indicators (KRIs) and assist in the creation of comprehensive KRI reporting
• Accurately complete Risk Control Self Assessments (RCSAs) and other risk management reporting
• Assist in the reporting of risk events and loss events
• Identify emerging risks and risks associated with new products/ services/ markets/ channels or changes to existing products/ services/ markets/ channels
• Provide guidance on the development of remediation plans
• Manage the timely completion of remediation plans and other projects to address issues identified internally and by Enterprise Risk Management, Compliance, Internal Audit or external regulators
• Research and assess regulatory requirements impacting the business unit
• Build a working relationship with 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
• Complete other related duties as assigned

Requirements

• Bachelor’s degree and a minimum of 3 years' relevant work experience, or in lieu of a degree, a combined minimum of 7 years' higher education and/or work experience, including a minimum of 3 years' relevant work experience
• Case Management/ Investigations, Issue Remediation/Resolution (either customer or internal) and Root Cause Analysis, Operational Risk, and/or Policy Compliance Experience
• Risk & Controls experience (could include first line risk, operational risk or internal audit background)
• Analytical, critical thinking & problem Solving skills
• Curiosity Research & data gathering experience
• Attention to detail
• Strong written & verbal communication skills
• Strong collaboration skills
• Strong time management skills
• Prioritization skills with the ability to shift priorities as needed
• Self-starter, takes initiative, and is able to work independently
• Experience leading a team

Benefits

• medical and retirement
• forty hours of paid volunteer time each year