Overview

Responsible for in-depth monitoring, evaluation, and risk identification on the Bank's exposure to counterparty and Investment credit risks, including high complexity data analysis and interpretation, preparation of trend analysis, Key Risk Indicators (KRIs), exposure limits and various other forward-looking risk identification reports. Develop advanced analytical tools and frameworks, including those that are statistical and/or modeling based, to allow for the monitoring of movements in the portfolio and identify emerging risks. Interpret results and present findings to make or influence strategic decisions within the department or division. Leverage risk experience, business knowledge and understanding of link between bank performance and macroeconomic environment to plan initiatives to accomplish enterprise-wide goals around the Counterparty Credit Risk (CCR) Management. Directly oversee a team of analysts to support this work.

Primary Responsibilities

• Partner with various areas within the bank to actively engage in discussions on current portfolio tracking and business observations and devise strategies to monitor and address potential portfolio risks

• Review material counterparty exposures and collateral balances

• Conduct forward-looking analytics, including leveraging modeling and/or statistical tools, to identify pockets of CCR

• Analyze stress testing results and enhance existing stress testing framework

• Perform SACCR and CVA analysis and present in committee meetings

• Develop and monitor and review XVA limit framework

• Monitor CCR analytics for large DoD and MoM moves in PFE

• Analyze/validate exposures (PFE) for any limit triggers and credit limit breaches

• Conduct CCR portfolio segmentation analysis using financial, demographic, behavioral, market and economic data as appropriate

• Leverage market intelligence, including macroeconomic data, capital and equity market trends and other industry information to supplement portfolio analysis and to identify market trends that could be detrimental to the portfolio

• Perform credit limit sizing and define maximum tenor limits

• Provide month-end commentary for large exposure moves in material exposures, for industry/country exposures, for product exposure analysis across IR, FX and non-derivative transactions

• Provide CCR slides for senior management discussion and risk governance committees

• Perform wrong way risk analysis for counterparties and enhance existing collateral framework•

• Perform other duties, as needed

• Develop expertise around various Bank regulatory requirements. Regularly present portfolio risk summaries and dashboards to management and governance committees.

• Participate in cross-functional teams as SME for enterprise projects such as CCAR, ACL, Enterprise Data Warehouse, systems implementation, etc.

• Train, develop, mentor, and motivate team members to enable them to perform at a high level

• 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 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.

Education and Experience Required:

• Bachelor's and/or Advanced degree in a quantitative field (Finance, Mathematics, Engineering, Physics, Computer Science, or Statistics)

• Minimum of 7 years of experience in counterparty credit risk or market risk or risk related discipline (Credit administration, credit risk oversight, finance, or business analytic experience)

• Minimum of 7 years of experience preparing written documentation and/or papers/publications

• Minimum of 2 years of management/supervisory experience.

• Strong knowledge and understanding of Capital Markets, derivatives products, and derivatives valuation and VAR/PFE calculation

• Solid understanding of xVA calculations such as CVA, DVA, FVA, KVA, MVA, etc.

• Experience in working with internal developers, data sourcing teams and external vendors to drive development of CCR analytics, system infrastructure and overall CCR framework

• Good working experience in developing and analyzing stress testing results and enhancing stress testing framework

• Strong technical skills, including Microsoft suite (Word, PowerPoint, Excel/VBA), python, data visualization tools (e.g. Tableau) etc.

• Excellent communication skills (written and verbal)

• Solid analytical and problem solving skills

• Great interpersonal skills

• Strong attention to detail and highly organized

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M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $100,611.94 - $167,686.57 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

M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer, including disabilities and veterans.