Career Search

Counterparty Risk Manager - 3DKFU in Buffalo, NY at M&T Bank

Date Posted: 8/23/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Buffalo, NY
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    8/23/2018
  • Job ID:
    3DKFU

Job Description

Together, M&T Bank and Wilmington Trust, a part of M&T Bank Corporation, represent one of the country’s leading depository and lending franchises, a premier wealth advisory firm, and the partner of choice for corporate transactions and structures.  As one of strongest, most successful companies in the U.S financial services industry, M&T continues to grow, offering value to our shareholders and opportunity to qualified professionals.  M&T Bank Corporation is one of the 20 largest commercial bank holding companies headquartered in the United States. With over 17,000 employees and more than 700 branches, M&T serves more than two million consumer households and commercial clients.


 

BASIC FUNCTION:
The Counterparty Risk Manager is responsible for managing the Bank’s counterparty risk management oversight function. The oversight function provides independent review and effective challenge in support of regulatory requirements and strengthens the Bank’s enterprise-wide risk management infrastructure. This position is responsible for establishing the long-range strategic direction and ongoing operations, coordinating appropriate analytics to identify, assessing and monitoring couterparty risk and controls, collaborating with business partners and risk units on compliance and regulatory issues, and driving process improvements and sustainability while reducing cycle time. Additionally, this position is responsible for developing and implementing policies and procedures that drive data informed decisions to ensure counterparty risk exposures are within the Bank’s risk appetite.
POSITION RESPONSIBILITIES:
Ensure a comprehensive throughout the enterprise understanding of complex compliance and regulatory requirements applicable to counterparty risk management within the banking industry.
Effectively communicate applicable requirements to cross-functional partners throughout the organization (i.e. First Line of Defense, Business Lines, Internal Audit, Treasury Division, Credit Administration, etc.).
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 counterparty risk. Develop Key Risk Indicators (KRIs) to monitor compliance to the Enterprise Risk Appetite.
Maintain an in-depth understanding of key regulatory requirements for counterparty risk, wrong-way risk, bank-wide credit risk, stress testing and the enterprise risk management framework and adherence to enhanced prudential standards.
Develop and review presentation materials and counterparty risk reports with senior management and the Risk Committee of the Board of Directors.
Evaluate risk controls and identify counterparty 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 counterparty credit assessment activities and account for emerging risks; ensure open Internal Audit recommendations are fully resolved in a timely manner.
Assess counterparty credit assessment 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 counterparty 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.
Exercise the usual managerial authority over staff to include staffing, employee development, performance management, compensation recommendations and terminations.
Maintain and develop in others knowledge on standard concepts, practices, and procedures within the risk analytics field.
Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite. Design, implement, maintain and enhance internal controls to mitigate risk on an ongoing basis. Identify risk-related issues needing escalation to management.
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 diversity and reflects the M&T Bank brand.
Perform other duties as assigned by management.
NATURE AND SCOPE:
This position is responsible for enterprise-wide counterparty risk management oversight, including all associated Second Line of Defense responsibilities to support the office of Chief Risk Officer and to partner with cross-functional working teams to include lines of business, Credit and Finance to ensure compliance with critical regulatory requirements and achieve organization-wide risk management objectives. Interact on a broad base with executive and senior management as well as the Board of Directors.
MANAGERIAL/SUPERVISORY RESPONSIBILITY:
Manage a team of 2 or more specialized analysts and senior analysts.
MINIMUM QUALIFICATIONS REQUIRED:
Bachelor’s degree in quantitative/analytical discipline (e.g., Finance, Accounting or Economics) and minimum of ten 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, OR in lieu of degree, a combined fourteen 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.
IDEAL QUALIFICATIONS REQUIRED:
Master’s degree preferred.
About M&T
At M&T, we strive to be the best place our employees ever work, the best bank our customers ever do business with and the best investment our shareholders ever make. So when looking to advance your career, look to M&T. As a top 20 US bank holding company and one of the best performing regional banks in the country, we offer a wide range of performance based career development opportunities for talented professionals. And through our longstanding tradition of careful, conservative and consistent management and a strong commitment to the communities we serve, we continue to grow with a focus on the future.
M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer.
M&T Bank Corporation does not sponsor individuals for the purpose of obtaining H-1 Visas.
M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.