Financial And Operational Risk Specialist - Commercial Insurance, Finpro & Cyber (Hybrid - Buffalo, NY)

About the role

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.

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
• M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $71,600.00 - $119,300.00 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

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