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Bank Risk Management Jobs in Buffalo, NY (NOW HIRING)

Own insurable risk management for the US and provide oversight across the Americas * Partner with ... Bring demonstrated expertise across business insurance classes relevant to banking and ...

Overview: The Commercial Credit Associate plays a pivotal role in assessing and managing credit risk for commercial clients at M&T Bank. This position involves analyzing financial statements ...

Overview: The Commercial Credit Associate plays a pivotal role in assessing and managing credit risk for commercial clients at M&T Bank. This position involves analyzing financial statements ...

Overview: The Commercial Credit Associate plays a pivotal role in assessing and managing credit risk for commercial clients at M&T Bank. This position involves analyzing financial statements ...

Senior Trust Officer

Buffalo, NY · On-site

$98K - $210K/yr

At Bank of America, we are guided by a common purpose to help make financial lives better through ... Risk Management * Wealth Planning * Client Experience Branding * Client Solutions Advisory

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Bank Risk Management information

See Buffalo, NY salary details

$49.9K

$108.1K

$164.7K

How much do bank risk management jobs pay per year?

As of Aug 6, 2026, the average yearly pay for bank risk management in Buffalo, NY is $108,060.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,200.00 and $125,000.00 per year, depending on experience, location, and employer.

What does a bank risk management do in a bank?

A bank risk management professional identifies, assesses, and monitors financial risks such as credit, market, and operational risks to ensure the bank's stability. They develop strategies and policies to mitigate potential losses and often use risk management tools and data analysis to support decision-making. Strong analytical skills and knowledge of banking regulations are essential for this role.

What are some common challenges faced in bank risk management?

One of the primary challenges in Bank Risk Management is staying updated with constantly evolving regulatory requirements and ensuring the bank's practices remain compliant. Additionally, professionals in this field must analyze complex financial data to anticipate and mitigate potential risks, which requires accuracy and keen attention to detail. Collaboration with other departments, such as credit, compliance, and operations teams, is frequent and essential for gathering information and implementing risk strategies. Successfully navigating these challenges improves organizational resilience and protects the bank's financial stability.

What are the key skills and qualifications needed to thrive in bank risk management?

To thrive in Bank Risk Management, you generally need strong analytical skills, knowledge of finance and banking regulations, and a degree in finance, economics, or a related field. Familiarity with risk assessment tools, statistical software (such as SAS or R), and certifications like FRM (Financial Risk Manager) or CFA are highly valued. Excellent communication, critical thinking, and problem-solving abilities are important soft skills for interpreting data and presenting recommendations to stakeholders. These capabilities are essential for identifying, assessing, and mitigating risks that could impact the financial health and regulatory compliance of the bank.

What is bank risk management?

A Bank Risk Management job involves identifying, assessing, and mitigating financial risks that could impact a bank's operations and stability. Professionals in this role analyze credit, market, operational, and regulatory risks to ensure the bank complies with industry standards and maintains financial security. They develop risk models, monitor exposure, and implement strategies to minimize potential losses. Strong analytical skills, regulatory knowledge, and financial expertise are essential for this role.

Is bank risk management a good career?

Bank risk management is a vital role that involves identifying, analyzing, and mitigating financial risks within banking institutions. It requires strong analytical skills, knowledge of financial regulations, and often certifications like FRM or CFA. The field offers stable employment, competitive salaries, and opportunities for advancement in the financial industry.
What are the most commonly searched types of Bank Risk Management jobs in Buffalo, NY? The most popular types of Bank Risk Management jobs in Buffalo, NY are:
What are popular job titles related to Bank Risk Management jobs in Buffalo, NY? For Bank Risk Management jobs in Buffalo, NY, the most frequently searched job titles are:
What job categories do people searching Bank Risk Management jobs in Buffalo, NY look for? The top searched job categories for Bank Risk Management jobs in Buffalo, NY are:
What cities near Buffalo, NY are hiring for Bank Risk Management jobs? Cities near Buffalo, NY with the most Bank Risk Management job openings:
Infographic showing various Bank Risk Management job openings in Buffalo, NY as of August 2026, with employment types broken down into 83% Full Time, 14% Part Time, 1% Temporary, and 2% Contract. Highlights an 87% Physical, 3% Hybrid, and 10% Remote job distribution, with an average salary of $108,060 per year, or $52 per hour.

Senior Quantitative Risk Analyst - BSA/AML

M&T Bank

Buffalo, NY • On-site

$85K - $143K/yr

Full-time

Re-posted 10 days ago


M&T Bank rating

7.8

Company rating: 7.8 out of 10

Based on 185 frontline employees who took The Breakroom Quiz

89th of 170 rated banks


Job description

Overview
This position supports the development of statistical and machine learning models within a regulated environment. The role contributes to key components of the model development lifecycle-including data preparation, model development, testing/validation support, implementation, and monitoring-while working closely with senior modelers to deliver analytically sound and well-documented solutions. Development work is performed using both Python and SAS.
Primary Responsibilities
  • Support the design, development, testing, implementation, and monitoring of statistical and machine learning models
  • Prepare, transform, and analyze large datasets (e.g., transactions, customer behavior, entity data)
  • Partner with senior team members to translate business problems into analytical approaches
  • Contribute to model documentation, including methodology, assumptions, and monitoring frameworks
  • Develop and maintain analytical code using Python and/or SAS
  • Assist in model performance monitoring and identification of model issues or limitations
  • Support model validation, audit, and regulatory review processes
  • Collaborate with stakeholders across EDD, FIU, Technology, and Model Risk Management
  • Ensure adherence to internal controls and regulatory expectations
  • Provide guidance to junior analysts where appropriate
  • Understand and adhere to the Company's risk and regulatory standards, policies and controls in accordance with the Company's Risk Appetite. Identify risk-related issues needing escalation to management.
  • Promote an environment that supports belonging 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.

Scope of Responsibilities
Works under general guidance from more senior quantitative risk managers. Responsible for independent execution of defined analytical tasks and contributing to model development efforts. Builds technical expertise in AML modeling and governance.
Education and Experience Required
  • Bachelor degree in Mathematics, Statistics, Quantitative Analysis or another technical discipline,
  • OR in lieu of degree A combined minimum of 7 years higher education and/or work experience to include a minimum of 3 years relevant experience.
    -OR-
  • Master's degree in Mathematics, Statistics, Quantitative Analysis or another technical discipline, with minimum of 1 year relevant experience,
    OR in lieu of degree,
  • A combined minimum of 7 years higher education and/or work experience to include a minimum of 1 year relevant experience.
  • Minimum of 3 years relevant experience, Banking or Financial Services experience.

Preferred
  • Master's degree in a quantitative discipline
  • Experience in banking, financial services, or AML/BSA
  • Exposure to model validation or model risk management
  • Familiarity with machine learning techniques

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $85,800.00 - $143,000.00 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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