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Sr. Counterparty Risk Analyst II - 3DFQN in Buffalo, NY at M&T Bank

Date Posted: 2/13/2018

Job Snapshot

  • Employee Type:
  • Location:
    Buffalo, NY
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:

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 16,000 employees and more than 700 branches, M&T serves more than two million consumer households and commercial clients.
At M&T Bank, we understand what’s important when you’re considering a career. Join our team and you’ll understand what has kept us strong for 155 years: stability with a forward focus, a strong history of community support and a dedication to being the best employer for whom you’ll ever work.

Lead and support the Bank’s risk assessment and monitoring processes with respect to compliance with regulatory requirements.

  • Have and maintain an understanding of compliance and regulatory requirements applicable to the banking industry. Work as second line Counterparty Risk Management Oversight staff to formulate ongoing strategy and goals related to the identification, management and mitigation of credit risk associated with the treasury counterparties and correspondent lending channel.
  • Have and maintain knowledge on standard concepts, practices, and procedures within the risk analytics field.. 
  • Work directly with underwriting and audit teams on issues discovered through independent review, credit analysis, risk rating, and testing.
  • Identify opportunities for continuous process improvement and develop recommendations for management on strategies to realize identified opportunities.  Responsible for assessing credit risk, reporting on credit metrics, conducting data and business analysis, credit impairment analysis, summarizing findings, developing recommendations and presenting analyses to management in a clear, concise, convincing and actionable format. Will be responsible for analysis and reporting, focusing on market and credit factors that affect counterparty current and future performance.
  • Perform reviews of  First Line counterparties including entities being considered for approval as a correspondent/counterparty or a as well as the on-going management and oversight of the performance of approved counterparties and correspondents, including making recommendations as to the counterparty’s continued eligibility based on their performance and credit quality.
  • Manages credit risk reporting and support identification of risk measures and dashboard development.
  • Assess existing control processes to mitigate counterparty exposure and concentration aggregation calculation errors. Establish new controls as needed.
  • Extract existing data to manipulate/calculate/format into presentable reports, charts, and graphs.
  • Will perform data analysis and spreadsheet modeling, utilizing lookups, pivot tables and conditional formatting as required.
  • Recommends the establishment of new or modified reporting methods and procedures to improve report content and completeness of information.
  • Perform ad hoc analytical requests and research projects for internal parties.
  • Present report and analytics findings to senior management, as needed.
  • Stays current with company policies, procedures, industry regulations and other changes that affect the industry.
  • Monitors policy exceptions for adherence to defined risk tolerance and for performance.
  • Prepare reports and analyze existing counterparty exposures for trends and performance.
  • Understands and comprehends new system changes as they affect data, reports, and reporting systems.
  • Perform related responsibilities as required or assigned.
Minimum 5 years relevant work experience.
Bachelor’s degree in Accounting, Finance, or related discipline, or in lieu of a degree, 9 years relevant work experience.
Basic knowledge of financial principles and regulatory and compliance issues related to the banking industry.
Proficiency with Microsoft Office suite of products.
Experience with advanced analytical tools such as SAS, VBA, SQL, etc.
Strong written and verbal communication skills.
Demonstrated excellent analytical skills.
Previous SEC-type or regulatory reporting experience beneficial.
Results-oriented/delivery focused; ability to deliver high-quality results under tight deadlines.
Ability to work well under pressure and balance multiple priorities.
Superior attention to detail and process orientation and ability to apply critical thinking skills.
Availability to work overtime during critical reporting cycles.

Masters degree or higher in Finance, Economics, Financial engineering or another quantitative field.
 Understanding of  fixed income, OTC derivatives, SWAPS, FX modeling, CDS, CVA, FVA
Experienced user of Bloomberg, SNL Data, Intex
Knowledge of Financial Risk Management, Credit Risk Models, Value at Risk (VaR)
Strong knowledge of market and credit risk
Working knowledge of balance sheet and income statement decomposition, credit impairment and fair value pricing, structured securities, cash flows, stress testing, and market and economic factors.

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.