Senior Risk Analyst - Market Risk

Overview

The Senior Risk Analyst – Market Risk is a strategic contributor within the second line of defense, supporting the Treasury Risk Management Oversight (TRMO) team, responsible for market risk oversight. The individual will report to the Segment Risk Manager responsible for oversight of market risk. The analyst will have regular, direct interaction with senior members of the Treasury group and play a critical role in conducting effective challenge of Treasury market activities, adequacy of risk controls and compliance with regulatory standards. The analyst will work closely with expert level analysts, the segment manager and the broader TRMO team and will grow to become a subject matter expert in market risk and industry matters. The analyst will also provide mentoring, training and guidance to less experienced TRMO analysts. Primary Responsibilities Individual contributor of first-line market risk related activities. Interact directly with Treasury team members to conduct effective challenge of Treasury risk pillars (market risk) through annual process assessments (PA) and periodic challenge reviews (CR). Contribute and potentially lead effective challenge of Treasury market activities including capital markets (interest rate derivative and FX), mortgage servicing rights valuation and hedging, investment security portfolio strategies, banking book interest rate risk, AOCI risk and other. Contribute and potentially lead market risk limit calibration of metrics such as net interest income sensitivity, economic value of equity sensitivity, interest rate derivative and FX VaR metrics and other market risk metrics. Contribute and potentially lead Basel End Game implementation workstreams. Prior knowledge of plain-vanilla interest rate derivatives and underlying markets, pricing models, sensitivities, valuation methods and risk management measures. Detailed understanding of bond math concepts such as effective duration, convexity, OAS, volatility. Solid understanding of mathematical topics such as discounted cashflow valuation, historical VaR model construction and operation, statistics. Prior knowledge of Asset Liability Management (ALM) concepts including interest rate risk modeling (net interest income and economic value of equity) and/or funds transfer pricing. Experience with market risk related systems such as Calypso, Yield Book, QRM. Design and lead comprehensive reviews of risk governance and reporting for TRMO. Conduct independent analysis of regulatory interpretations, model outputs, and treasury assumptions. Propose and implement enhancements to second-line review plans, issue escalation protocols, and review standards. Contribute to team training and development initiatives. Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies. 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. Promote an environment that supports belonging and reflects the M&T Bank brand. Scope High level of autonomy and accountability for oversight conclusions for Treasury Risk. Must be adept at working across all levels of the organization from junior staff to the senior/executive members of management primarily in Risk and Finance. This is a high-profile position where the incumbent must be comfortable working with minimal/moderate oversight under tight deadlines. Supervisory/Managerial May lead or formally mentor junior staff; potential to serve as team lead on select engagements. Education and Experience Required: Bachelor’s degree in quantitative or analytical field such as Finance, Accounting, or Economics and a minimum of five years of relevant professional experience OR an equivalent combination of education and at least nine years of relevant professional experience. Advanced knowledge of financial principles and regulatory and compliance issues related to the banking industry. Advanced proficiency with Microsoft Office suite of products. Excellent written and verbal communication skills. Advanced analytical abilities. Education and Experience Preferred: Bachelor’s degree in quantitative/analytical discipline (e.g., Finance, Accounting or Economics) and minimum of 2-3 years of experience in a risk function or business quantitative analytics role. Master’s degree, CPA, CFA preferred. M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $103,000.00 - $171,600.00 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 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 and build long-lasting relationships with our customers. We are a bank for communities—combining the capabilities of a large bank with the care of a locally focused institution. As an employer of choice, we are proud to offer competitive benefits ranging from medical and retirement to forty hours of paid volunteer time, each year. Our core values – integrity, ownership, collaboration, curiosity, and candor – drive the work we do. We seek to further build upon our record of success by bringing in top talent and fresh skill sets while continuing to support the growth and development of all our team members. View M&T’s Human Capital Report to learn more. Ready to join our team? Submit your application today! If you are unable to apply through this site due to technical issues or need an accommodation to apply, please contact us at [email protected] for assistance. M&T Bank is unwavering when it comes to providing equal employment opportunities to all employees and applicants without regard to race, color, national origin, religion, ethnicity, sex, gender identity, age, disability, citizenship, pregnancy, veteran status, military status, marital status, sexual orientation, genetic information or any other characteristic protected under applicable federal, state or local laws. M&T Bank Corporation has policies and procedures in place to promote a drug free workplace. Career Site Privacy Notice Apply tot his job Apply To this Job