Job Information
M&T Bank Enterprise Risk Senior Manager in Clanton, Alabama
Overview:
The Senior Manager – Enterprise Risk Management (“ERM Senior Manager”) is responsible for the ongoing development and implementation of the organization's Enterprise Risk Management program, capabilities, tools, and technologies.
In executing his/her responsibilities, the ERM Senior manager administers the bank’s risk identification, risk appetite adherence, governance, policy and frameworks and other processes/programs as may be identified by the Risk Division leadership.
The ERM Director ensures that responsibilities are executed in accordance with the Enterprise Risk Framework and in a manner consistent with regulatory expectations and industry best practices. The incumbent is responsible for building, developing and maintaining effective relationships with key stakeholders in other risk disciplines such as Internal Audit, Legal, and other critical functions, and interacts with bank regulatory agencies in matters pertaining to Enterprise Risk.
Primary Responsibilities:
Risk Identification
Manages the bank’s risk identification program and related processes; partners with stakeholders across the lines of defense to ensure outcomes of the risk identification process are incorporated into processes including but not limited to risk appetite, stress testing, scenario development, etc.
Lead discussions during Risk ID meetings and workshops and ensures proper execution of the Risk ID process from both a First Line of Defense and Second Line of Defense perspective
Perform and facilitates effective challenge
Creates reporting and pPresentation of outputs to various committees and forums
Prepares and delivers training programs to both First and Second Line of Defense Stakeholders
Evolve the Risk ID program to meet the future needs of the bank
Ensure policies and procedures are up to date
Risk Appetite
Manage the bank’s risk metrics program, including Risk Appetite metrics, Key Risk Indicators, etc. Responsible for defining the program and implementing system/tools to support its execution. Responsible for applicable policies, procedures, and training, as well as designing reporting to ensure stakeholders are appropriately informed of risk.
Provides consultative support to the first line of defense in establishing risk appetite, setting KRIs/KPIs, and establishing risk aggregation methodologies.
Annual (and any off cycle) update of risk appetite statements and measures, as well as annual update of the Risk Appetite Framework
Creates and delivers reporting and presentations to various committees and forums
Perform and facilitates effective challenge
Prepares and delivers training programs to both First and Second Line of Defense Stakeholders
Governance, Policy and Frameworks
Identifies program gaps and develops remediation plans to address those gaps in a timely manner. Escalates identified gaps to risk governance committees, executive management and the Board, as necessary. Continuously enhances the Enterprise Risk Management program and Enterprise Risk Framework to improve effectiveness and oversees the implementation of enhancements to processes.
Leads/oversees the implementation of departmental procedures and other documentation to demonstrate processes. Ensures work is performed accurately, timely and in adherence to corporate risk policies, procedures and key risk related controls. In addition, develops value-added process improvements, resolves risk issues, and enhances reporting and/or information necessary to assess risk.
Provide support and guidance to chief of staff of the Enterprise Risk Management Committee
Other Responsibilities
Leads internal strategic projects within ERM and on behalf of the Risk Division.
Remains abreast of business and market trends that may affect the business/department.
Interacts confidently with stakeholders and management of varying levels.
Exercises usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, performance management and terminations. Provides guidance and direction with respect to team members career goals.
As priorities shift within the department, new and ad-hoc and assignments will inevitably occur; completes these other related duties as assigned.
Scope of Responsibilities:
The pursuit of M&T’s business objectives involves taking risks. With heightened regulatory expectations, increased competition, and new and growing threats to the Company’s operating environment, the organization must continuously enhance the ways in which it identifies, assesses, and manages those risks. Accordingly, M&T continues to implement improvements to its risk management frameworks to ensure that it is well positioned to identify, evaluate, escalate, and properly manage the different types of risks that are faced each day, and that the frameworks are commensurate with the size and complexity of the institution. In support of these objectives, the incumbent is responsible for supporting the management of the Enterprise Risk Management function to ensure effective execution of related elements throughout the institution.
Managerial/Supervisory Responsibilities:
May manage a team of Specialists and/or Advisors, as well as other Risk Managers.
Education and Experience Required:
Bachelor's Degree
10 years experience in risk, reporting and analytics, governance, or other relevant function
OR in lieu of degree, combined minimum 14 years higher education and/or work experience, including 10 years in risk, reporting and analytics, governance, or other relevant function
Minimum of 5 years managerial or supervisory experience
Education and Experience Preferred:
Master’s degree or MBA
Strong risk management background (general knowledge of key risk disciplines e.g. credit, liquidity, operational), with experience working directly in risk management departments and/or as part of First Line of Defense risk roles
Strong knowledge of CCAR and stress testing requirements as well as regulations related to capital planning and risk management
Prior experience with risk appetite and/or limits is strongly preferred.
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.
Location
Clanton, Alabama, United States of America
M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer, including disabilities and veterans.