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.
- 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.
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.
- 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.
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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.
