Operational Risk Specialist - Property Casualty & Insurance Claims (Hybrid - Buffalo, NY)

Overview:This position is responsible for the delivery of second line risk management services in line with area policies, industry standards, and management expectations. The position is expected to work collaboratively with other risk partners, as applicable. This position will be responsible for positively supporting the evolving landscape of the risk management environment. With levels of direction and guidance, the position requires the execution of one or more of the following activities in a manner that adheres to the expectations of the operational risk management framework, as it evolves, and the expectations of key stakeholders, up to and including the Board: identification, assessment, quantification, documentation, escalation, reporting, and communication of unmitigated risks within the business. The position has a base level understanding of the business or functions it supports, and continues to work towards gaining further knowledge/expertise. The position requires the establishment of internal and external relationships with line level personnel to remain apprised of changes in the business. The role stays apprised of emerging risks and changes to the operational/regulatory landscape. The role is able to identify and assess cost beneficial operational risk management considerations relating to the position’s assigned businesses/functions.Primary Responsibilities:• Assist manager with Property and Casualty Claims including Workers Compensation lost time and files in litigation.• Complete claim reporting to the carrier as needed• Complete annual actuarial report for casualty lossesComplete the Casualty Model and validation process• Manage the insurance function in Archer• Project lead for Risk Management System implementationAssist with Property claims as neededDevelop and produce departmental reports, spreadsheets and project work related to specific a Risk discipline.• Evaluate an area's management of key processes for the effective and efficient mitigation of operational risk. Ensure adherence to key operational related policies and procedures. Understand and utilize the Risk Management Framework, and assist in developing and implementing various elements of said framework with focus on less complex areas such as external loss and internal event reporting.• Assist in the collection of data necessary for presentations relating to the operational risk environment for management.• Effectively communicate with others throughout the Bank via phone, email or in person to obtain information necessary for the completion of reporting.• Assist by preparing materials/presentations for management and in some circumstances delivering presentations to management.• With levels of oversight, discern and formalize the impact and likelihood of issues and/or violations of policy.• Meet Training requirements assigned by the Bank, Division and Department. Work withi management to identify appropriate, applicable, cost-effective training opportunities. Proactively pursue knowledge of new bank initiatives (i.e. Agile project management methodology).• Support levels of change internally within the department or externally within the Bank, in a positive manner.• 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.Specific to Posting:Risk Governance: Supports the CRO and the Bank by managing the administrative governance, coordination and ongoing maintenance of the Bank’s framework for managing risk.Operational Risk - WISD: Provides effective oversight of the identification, assessment, monitoring, mitigation, and reporting of all significant risks within the Wealth & Institutional Services Divisions.Operational Risk - Enterprise Security: Provides effective oversight and challenge of the identification, assessment, monitoring, mitigation, and reporting of all significant risks within Cybersecurity, Technology, Financial Crimes, Physical Security and Continuity Planning areas of the Bank.Corporate Insurance: Provides administrative support toward the maintenance of M&T Bank's insurance program, including monthly reporting, invoice processing, and claims management.Operational Risk Loss and Measurement: Ensures that the operational risk appetite is defined through policies and standards, and monitors and reports the Company’s adherence to the framework as well as individual business units leveraging risk/event data.Operational Risk - Core Bank: Supports eGRC system administrative and reporting processes.Supervisory/ Managerial Responsibilities:No direct management but may provide guidance to analystsEducation and Experience Required:Education and Experience Required:Bachelor’s degree and two years' experience in Property Casualty insurance claims, including insurance carrier claim adjuster, broker liaison, claim risk manager. Also, will consider compliance, legal, audit, risk or other relevant function, OR in lieu of degree, a combined minimum six years’ higher education and/or work experience including two years’ experience in in Property Casualty insurance claims, including insurance carrier claim adjuster, broker liaison, claim risk manager.Also, compliance, legal, audit, risk or other relevant function. Knowledge of risk analytics, including the development, implementation, and use of all relevant decision technologies, such as eGRC systems.Microsoft ProficientBroker License or Adjusting License is preferredM&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $70,023.60 - $116,706.01 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.LocationBuffalo, New York, United States of AmericaM&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer, including disabilities and veterans.