Jobs Companies M&T Bank Fraud Risk Manager

About this Fraud Risk Manager role at M&T Bank

M&T Bank · Onsite · Buffalo, NY

Overview:  

Manage the first line of defense risk management responsibilities of the business unit in accordance with the Enterprise Risk Framework. Oversee the proactive identification, accurate assessment and reporting of risks impacting the business unit, including loss events and Key Risk Indicators (KRI's). Ensure the appropriate escalation of identified issues and the timely completion of remediation plans. Manage the team responsible for risk and control functions in the business unit.  Assist the Business Risk Officer in setting direction for the department and risk policy of the organization.

Primary Responsibilities:     

  • Lead the planning, execution, and reporting of the business unit's first line of defense risk management function including ensuring the documentation of key processes and internal controls. Ensure the complete and proper identification and assessment of risks in the business unit's key processes in accordance with the Enterprise Risk Framework, internal guidance, and risk management professional standards.
  • Drive the development, execution and reporting of the business unit's risk-based testing program. Ensure control testing is performed in accordance with M&T's First Line of Defense Guidance on Management of Risks & Internal Controls and professional standards.
  • Oversee reporting to Business Unit Management, Scenario Management and internal risk committees. Provide direct assistance/support to the First Line Risk Officer
  • Monitor business unit performance with respect to established key risk indicators (KRIs) and prepare comprehensive KRI reporting.
  • Ensure the accurate and timely completion of Risk Control Self Assessments (RCSAs) and other risk management reporting. Develop a process by which emerging risks and losses are reviewed and incorporated into the RCSAs and KRIs.
  • Identify emerging risks and risks associated with new products/ services/ markets/ channels or changes to existing products/ services/ markets/ channels and oversee the reporting of these risks to management and the Markets, Products and Services Risk Committee.
  • Ensure the effective and efficient management and reporting of issues, including remediation plans. Develop and oversee the process for identifying and reporting risk events and losses in a timely manner. Appropriately escalate identified issues to the First Line Risk Officer and business unit management.
  • Develop, implement and oversee the maintenance of policies for the business unit. This includes the updating of policies in response to federal, state or business unit process changes. Respond to both internal and external requests in relation to departmental policies and procedures. 
  • Provide coaching and mentoring to the staff. Review and approve test results. Build a working relationship with business unit management, Internal Audit, Corporate Operational Risk and Corporate Compliance Portfolio Managers.
  • Exercise usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, performance management and terminations.
  • Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
  • Promote an environment that supports belonging and reflects the M&T Bank brand.
  • 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.
  • Complete other related duties as assigned.

Education and Experience Required:

Bachelor’s degree and a minimum of 7 years' relevant work experience, or in lieu of a degree, a combined minimum of 11 years' higher education and/or work experience, including a minimum of 7 years' relevant work experience

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $107,500.00 - $179,100.00 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.

Location

Buffalo, New York, United States of America
Ready to apply to M&T Bank?
Apply to M&T Bank

How this Risk Analyst salary compares

This role pays $143,300/yrin line with the typical range for Risk Analyst roles.

$101,527 median $140,900 $203,625

Typical range $132,917–$173,925/yr, from 13 comparable Risk Analyst listings on JobsRadar (pay annualized to USD). See Risk Analyst salary insights →

About M&T Bank

Great companies have an enduring sense of purpose. At M&T, our purpose is a simple one: make a difference in people’s lives and uplift the communities we serve . M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T’s affiliates offer advice, guidance, expertise and solutions across the entire financial spectrum, combining M&T Bank’s traditional banking services with the wealth management and institutional capabilities offered by Wilmington Trust. M&T Bank has a network of over 1,000 branches and 2,200 ATMs that span 12 states from Maine to Virginia and Washington, D.C. For more than 165 years, M&T has strived to take an active role in our communities an

See all jobs at M&T Bank →

Similar jobs

Moog
Enterprise Risk & Compliance Program Manager
Moog
⚡ Apply early Buffalo, NY Hybrid $170,000–$190,000
● New 👁 Seen ✓ Applied 2w ago
KeyBank
Risk Governance Manager- Credit & Lending
KeyBank
⚡ Apply early Cleveland, OH Onsite $96,000–$181,000
● New 👁 Seen ✓ Applied 2w ago
MT
Senior Risk Manager
M&T Bank
⚡ Apply early Buffalo, NY Onsite $128,900–$214,900
● New 👁 Seen ✓ Applied 3w ago
MT
Senior Risk Analyst - Finance Oversight
M&T Bank
⚡ Apply early Buffalo, NY Onsite $103,000–$171,600
● New 👁 Seen ✓ Applied 3w ago
Alkegen
IT Governance, Risk & Compliance Manager
Alkegen
⚡ Apply early US - Tonawanda (CHQ) Onsite
● New 👁 Seen ✓ Applied 3w ago
MT
Expert Risk Analyst - Interest Rate Risk
M&T Bank
⚡ Apply early Buffalo, NY Onsite $123,600–$206,000
● New 👁 Seen ✓ Applied 4w ago
PwC
Risk & Independence Contract Specialist Senior Manager - Advisory Consulting Services
PwC
⚡ Apply early NY-New York Onsite $91,000–$321,500
● New 👁 Seen ✓ Applied 1mo ago
Highmark Health
Senior Risk and Compliance Analyst
Highmark Health
⚡ Apply early Pittsburgh PA, 5th Avenue Plac... Onsite
● New 👁 Seen ✓ Applied 1mo ago
PwC
Risk & Independence Contract Specialist Senior Manager - Managed Services
PwC
⚡ Apply early FL-Tampa Onsite $91,000–$321,500
● New 👁 Seen ✓ Applied 1mo ago

Sign up for suggestions tailored to the jobs you open and the searches you save.

More jobs at M&T Bank

See all jobs at M&T Bank →

Apply now
🤖

Whoa — hold up

JobsRadar was built for real people having a rough time in their job search — not for automated requests. You're clicking way too fast and you're now temporarily blocked.

Come back later. If you're genuinely job hunting, we've got your back — just act like a human.

Catch your next role the second it’s posted.

Create a free account and we’ll watch the boards for you — the instant a job matches your search, it lands in your inbox or Telegram. No digging, no refreshing.

Create free account

Free forever · takes 30 seconds · already have one?

Get an edge on your job hunt.

Join our Telegram channel for the stuff that helps you land the role — salary benchmarks, the weekly market pulse, and new-feature drops. No spam, just signal.

Join the channel — it's free