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Sr Risk Analyst Jobs in Buffalo, NY (NOW HIRING)

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Sr Risk Analyst information

See Buffalo, NY salary details

$51.8K

$106.4K

$138K

How much do sr risk analyst jobs pay per year?

As of Aug 23, 2026, the average yearly pay for sr risk analyst in Buffalo, NY is $106,404.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,700.00 and $132,700.00 per year, depending on experience, location, and employer.

What does a Sr Risk Analyst do?

A Sr Risk Analyst is responsible for identifying, assessing, and mitigating risks that could impact an organization's operations or financial performance. They analyze data, create risk models, and provide recommendations to help companies make informed decisions and maintain compliance with regulations. Senior Risk Analysts often work closely with management and various departments to implement risk management strategies and ensure the company’s risk exposure is within acceptable limits.

How does a Sr Risk Analyst typically collaborate with other departments to manage enterprise risks?

As a Sr Risk Analyst, collaboration with various departments—such as compliance, audit, finance, and operations—is essential to identify, assess, and mitigate organizational risks. You will often facilitate risk workshops, communicate findings to department heads, and provide guidance on risk mitigation strategies. Regular cross-functional meetings and reporting help ensure risks are understood and addressed at all levels, making strong communication and relationship-building skills vital for success in this role.

What are the key skills and qualifications needed to thrive as a Sr Risk Analyst, and why are they important?

To thrive as a Sr Risk Analyst, you need strong analytical skills, experience in risk assessment methodologies, and a background in finance, economics, or a related field, often supported by relevant certifications such as FRM or CFA. Proficiency in data analysis tools like Excel, SQL, SAS, or Python, as well as risk management software, is typically required. Excellent communication, critical thinking, and problem-solving skills help you convey risk insights and collaborate effectively with stakeholders. These competencies enable accurate risk identification and mitigation, supporting sound decision-making and regulatory compliance.

What is the difference between Sr Risk Analyst vs Risk Analyst?

AspectSr Risk AnalystRisk Analyst
Required CredentialsBachelor's degree, relevant certifications (e.g., FRM, CRM), 3+ years experienceBachelor's degree, certifications optional, 1-3 years experience
Work EnvironmentFinancial institutions, insurance companies, corporate risk departmentsFinancial firms, consulting agencies, insurance companies
Employer & Industry UsageUsed in larger organizations with complex risk management needsCommon in smaller firms or entry-level roles

The main difference between a Sr Risk Analyst and a Risk Analyst lies in experience, responsibilities, and seniority. A Sr Risk Analyst typically has more years of experience, advanced certifications, and handles more complex risk assessments. They often lead projects and mentor junior staff, whereas Risk Analysts focus on data collection, analysis, and supporting risk management processes. Both roles are vital in risk management teams, but the senior role involves greater responsibility and strategic input.

What are popular job titles related to Sr Risk Analyst jobs in Buffalo, NY?

For Sr Risk Analyst jobs in Buffalo, NY, the most frequently searched job titles are:

What job categories do people searching Sr Risk Analyst jobs in Buffalo, NY look for?

The top searched job categories for Sr Risk Analyst jobs in Buffalo, NY are:

What cities near Buffalo, NY are hiring for Sr Risk Analyst jobs?

Cities near Buffalo, NY with the most Sr Risk Analyst job openings:

Infographic showing various Sr Risk Analyst job openings in Buffalo, NY as of August 2026, with employment types broken down into 1% As Needed, 84% Full Time, 11% Part Time, 3% Contract, and 1% Nights. Highlights an 89% Physical, 4% Hybrid, and 7% Remote job distribution, with an average salary of $106,404 per year, or $51.2 per hour.

Senior Risk Analyst - Finance Oversight

M&T Bank

Buffalo, NY • On-site

$103K - $171K/yr

Full-time

Posted 4 days ago


M&T Bank rating

7.9

Company rating: 7.9 out of 10

Based on 186 frontline employees who took The Breakroom Quiz

79th of 171 rated banks


Job description

Overview
The Senior Risk Analyst II - Finance Oversight is a strategic contributor within the second line of defense, supporting the Finance & Regulatory Reporting Oversight ("FRRO") team, responsible for oversight activities primarily related to capital management, planning and forecasting, capital interpretations, and capital calculations.
Position partners directly with first-line teams to assess adequacy of risk controls and compliance with regulatory standards.
Position is pivotal in driving continuous improvement in risk oversight effectiveness for FRRO.
Primary Responsibilities
  • Design and lead comprehensive reviews of risk governance and reporting across the FRRO domain.
  • Conduct independent analysis of regulatory interpretations, model outputs, and capital/treasury assumptions.
  • Represent the Second Line of Defense in stakeholder meetings.
  • Propose and implement enhancements to second-line review plans, issue escalation protocols, and review standards.
  • Contribute to team training and development initiatives.
  • Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
  • 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.
  • Promote an environment that supports belonging and reflects the M&T Bank brand.
  • Complete other related duties as assigned.

Scope
  • High level of autonomy and accountability for oversight conclusions of FRRO subjects (capital planning forecasting, capital calculations, financial performance metrics).
  • The Senior Risk Analyst II must be adept at working across all levels of the organization from junior staff to the senior/executive members of management primarily in Risk and Finance.
  • This is a high-profile position where the incumbent must be comfortable working with minimal/moderate oversight under tight deadlines.

Supervisory/Managerial
May lead or formally mentor junior staff; potential to serve as team lead on select engagements.
Education and Experience Required:
  • Bachelor's degree in quantitative or analytical field such as Finance, Accounting, or Economics and a minimum of five years of relevant professional experience OR an equivalent combination of education and at least nine years of relevant professional experience.
  • Advanced knowledge of financial principles and regulatory and compliance issues related to the banking industry.
  • Advanced proficiency with Microsoft Office suite of products.
  • Excellent written and verbal communication skills.
  • Advanced analytical abilities.

Education and Experience Preferred:
  • Master's degree, CPA, CFA preferred.

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $103,000.00 - $171,600.00 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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