Financial And Operational Risk Specialist - Commercial Insurance, Finpro & Cyber (Hybrid - Buffalo, NY)
Responsible for managing the Bank’s commercial insurance programs with a focus on Financial Lines (FINPRO), Cyber, and structured finance-related coverages. This role requires hands-on experience with policy management, Mortgage Impairment /GSE requirements, invoicing, policy tracking, and claims coordination within a financial services environment.
Key Responsibilities
- Manage and support Commercial Insurance programs, including FINPRO and Cyber
- Oversee coverage for mortgage impairment, master trust structures, and bond-related exposures
- Maintain and track insurance policies, renewals, endorsements, limits, and coverage details
- Coordinate and issue Certificates of Insurance (COIs), including support for GSE requirements
- Review and process insurance invoices, premium payments, and allocations
- Ensure accurate tracking of policy documentation, claims activity, and coverage records
- Partner with Finance, Legal, Risk, executive team, and external brokers/carriers to align coverage with exposures
- Monitor claims and loss trends and communicate emerging risk themes
- Support reporting, audits, and regulatory requests related to insurance and operational risk
- Maintain clear documentation and support governance activities
Required Qualifications
Bachelor’s degree and five years' experience in Financial Lines and Professional Lines insurance, which includes:- Direct experience managing Commercial Insurance programs, including:
- FINPRO (D&O, E&O, Crime) and Cyber insurance
- GSE requirements and understanding
- COI issuance based on client and GSE requirements
- Policy tracking, renewals, and documentation management
- Invoice review, premium payment, and reconciliation
- Strong understanding of insurance policy structure and coverage interpretation
- Experience working with brokers, carriers, and internal finance teams
- Experience in banking, lending, or structured finance environments
- Knowledge of mortgage impairment, master trust, or bond-related insurance structures
- Background in claims tracking or insurance program administration
- Ability to manage multiple insurance programs with regulatory and deadline pressures
Skills Required
- Bachelor's degree
- Five years' experience in Financial Lines and Professional Lines insurance
- Prior experience as an Account Manager or Account Executive
- Demonstrated understanding of insurance placement, renewal cycles, and policy documentation
- Experience supporting insurance programs through administrative activities
M&T Bank Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about M&T Bank and has not been reviewed or approved by M&T Bank.
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Retirement Support — Retirement benefits are positioned as a strong pillar, including a 401(k) match and the possibility of an additional employer contribution, plus access to an employee stock purchase plan.
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Leave & Time Off Breadth — Time-off offerings are framed as competitive, with a flexible PTO approach and paid volunteer time called out as a meaningful add-on to standard leave.
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Wellbeing & Lifestyle Benefits — Wellbeing support appears comparatively robust, highlighted by mental-health therapy/coaching sessions and broader wellness programming alongside community-oriented perks.
M&T Bank Insights
What We Do
M&T Bank is a multi-state community-focused bank serving New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and Washington, D.C. Founded in 1856, the company provides banking, investment, insurance and mortgage financial services to more than 3.6 million consumer, business and government clients.
