Financial And Operational Risk Specialist - Commercial Insurance, Finpro & Cyber; Hybrid - Buff

Overview

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.

• 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.

• Bachelor’s degree and five years' experience in Financial Lines and Professional Lines insurance.
• 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.

The pay range for this position is $71,600.00 - $ Annual (USD).

Buffalo, New York, United States of America

M&T Bank is unwavering when it comes to providing equal employment opportunities to all employees and applicants without regard to race, color, national origin, religion, ethnicity, sex, gender identity, age, disability, citizenship, pregnancy, veteran status, military status, marital status, sexual orientation, genetic information or any other characteristic protected under applicable federal, state or local laws.