Risk Management Assistant handling Worker’s Compensation Carrier and insurance services for clients. Supporting underwriting and claims functions while managing client communications and documentation.
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Hybrid Retail Business Risk Analyst III – Operational Risk Issues Management & Policy
Posted 5 months ago
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
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