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Financial And Operational Risk Specialist - Commercial Insurance, Finpro & Cyber (Hybrid - Buffalo, NY)
Job
M&T Bank
Remote
$96,078 Salary, Full-Time
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Job Description
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.
- 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 M&T Bank is committed to fair, competitive, and market-informed pay for our employees.
- Location
- Buffalo, New York, United States of AmericaM&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer, including disabilities and veterans.