M & T Bank Operational Risk / Business Process Specialist - 3DE5B in Wilmington, Delaware
Operational Risk/Business Process Specialist Wilmington Trust Wilmington De
Basic Function: Contribute to a comprehensive framework to identify, assess, monitor and manage operational risk within the first line of defense. Execute operations control testing of business units within the Wealth & Institutional Services Division to determine adequacy of the control structure, mitigation of risks and effectiveness and efficiency of operating processes. Provide operational risk, control expertise and testing results to the Wealth & Institutional businesses in order for management to assess the effectiveness of the control environment surrounding operations and data processing.
Responsibilities: Analyze and interpret RCSAs, SSAE16, process flows, procedures and other risk and control related documentation to determine relevance to business lines. Ensure operational practices are in compliance with relevant risk standards, policies and procedures to maintain an effective control environment. Develop and execute appropriate test plans to ensure operational business controls are working as intended. Exercise independent judgment in identifying issues and assessing risk. Formulate findings and review findings with line management and senior management. Complete testing and reporting timely and in accordance with internal guidelines/standards. Report test results to Operations Control Management (OCM), business and other stakeholders. Conduct post-OCM follow-up to appraise the adequacy of corrective action taken to OCM recommendations. Create and/or enhance process flows to adequately document current and future state. Understand and adhere to Company's risk and regulatory standards, policies and controls in accordance with the Company's Risk Appetite. Identify risk-related issues needing escalation. 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. May assist in other operational risk related projects as needed.
Bachelor's Degree, or in lieu of a degree, a combined minimum of 8 years' higher education and/or work experience, including a minimum of 4 years financial industry experience. Familiar with concept of lines of defense, RCSA, risks, controls and testing programs. Analytical and operational risk management understanding. Must be a self-starter and able to work independently as well as part of a team of talented individuals. Proven ability to develop and integrate operational controls into business flows. Exceptional verbal and written communication skills. Excellent interpersonal skills.
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.