As stated in M&T's Risk Appetite Statement (RAS), credit risk is M&T's largest risk exposure. The Retail Credit Risk Manager manages the second line of defense's process for independently identifying emerging credit risks and changing portfolio risk profiles, monitoring for adherence to the bank's risk appetite, and setting appropriate risk appetite limits.
Lead the 2nd Line of Defense team responsible for identifying and escalating current and emerging retail credit risks to senior management, examiners and the board of directors.
Direct a team in the analysis of retail credit portfolios to identify emerging risks and drivers of recent performance. Present results in a clear, concise, convincing and actionable format.
Be the primary interface on retail credit risk with regulators such as the Federal Reserve Bank of NY and New York State Dept. of Financial Services.
Assess and monitor the bank's adherence to its stated credit risk appetite.
Work with Credit Administration to develop reporting packages for internal Risk Committees.
Work with team of analysts to evaluate credit processes to identify controls and opportunities for process improvement.
Provide analysis and reporting as needed relative to the Comprehensive Capital Analysis Review (CCAR), Allowance for Loan and Lease Losses (ALLL) and Current Expected Credit Losses (CECL) processes.
Have and maintain knowledge of standard concepts, best practices and procedures within the risk analytics field.
Have and maintain knowledge of regulatory requirements; particularly knowledge of CCAR and stress testing requirements.
Serve as a resource for credit risk related initiatives being developed by the first line of defense.
Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
Promote an environment that supports diversity 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.
Exercise usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, performance management and terminations.
NATURE AND SCOPE:
Monitor and analyze portfolio to identify trends and emerging credit risks.
Collaborate with business partners on risk management, including but not limited to, compliance and regulatory issues.
Communicate with various levels of senior management on matters related to credit risk.
Direct supervision of 3 or more employees.
MINIMUM QUALIFICATIONS REQUIRED:
Bachelor's degree and minimum of 10 years finance experience OR, in lieu of a degree, a combined 14 years high education and/or work experience including a minimum of 10 years finance experience.
Demonstrated understanding of credit risk analysis and quantitative analysis.
In-depth knowledge of credit and investment policies, procedures, regulations and applicable laws.
Experience with Dodd Frank Act required stress testing.
Proficiency with spreadsheet and word processing software.
IDEAL QUALIFICATIONS PREFERRED:
MBA or experience in data analytics and database construction.
Excellent verbal and written communication, cross-functional collaboration and management skills.
Excellent organizational and time management skills.
Ability to communicate concepts/theories and develop alternative recommendations.
Ability to make effective presentations to all levels of the organization.
Ability to maintain solid working relationships with senior management and business partners including product, credit, operations, asset management, credit bureaus, and vendors.
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.