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M&T Bank

Full-service banking with mortgage, deposits, loans

IT Audit Manager - Multiple Teams

Full-Time
$107.5k - $179.1k/yr
Senior
Bachelor's, Master's, MBA
Boston, MA, USA+5 moreMore locations: Iselin, Woodbridge Township, NJ, USA | Bridgeport, CT, USA | Buffalo, NY, USA | New York, NY, USA | Wilmington, DE, USA
HybridFour days on-site and one day remote per week; must be within commuting distance or willing to relocate.
Risk & ComplianceInternal Audit & Controls

About the job

Requirements
  • A bachelor's degree, preferably in Accounting, Business, Finance, Technology, Cybersecurity, Mathematics, Statistics, or a related field, and 7 years of relevant experience, including 2 years of supervisory or managerial experience.
  • Strong leadership skills with demonstrated ability to develop and coach others.
  • Excellent verbal and written communication skills.
  • Strong project management, analytical, and interpersonal skills, with the ability to exercise sound judgment and critical thinking.
  • Effective negotiation skills and the ability to maintain independent viewpoints in senior-level discussions.
Responsibilities
  • Support the department’s risk assessment process and development of the annual audit plan, with primary accountability for determining IT audit coverage across the ISWM domain.
  • Stay current on evolving industry practices, regulatory guidance, and emerging technology and cybersecurity risks impacting the ISWM businesses.
  • Independently manage all phases of the audit process—including planning, execution, continuous auditing, and validation procedures—in a risk-focused manner for assigned audit entities, ensuring independence and adherence to department and professional industry standards.
  • Lead a team of auditors in the identification, assessment, and testing of key IT controls impacting the ISWM domain.
  • Consult with Commercial, Technology, and Risk Management stakeholders regarding risk and control matters. Propose solutions to audit findings, recommend control enhancements, and represent Internal Audit on cross-functional working groups as appropriate.
  • Manage multiple audit engagements and competing priorities concurrently in an efficient and effective manner with minimal oversight.
  • Lead teams in incorporating data analytics and technology-enabled audit techniques to enhance risk identification and audit execution throughout all phases of the audit lifecycle.
  • Communicate audit status, emerging risks, and significant issues clearly and proactively to audit leadership and business executives.
  • Build trusted, productive relationships with ISWM and Technology leaders, risk partners, and audit colleagues while maintaining independence and objectivity.
  • Actively lead and support the advancement of Internal Audit’s strategic objectives and reputation as a trusted risk advisor.
  • Coach, mentor, and oversee audit team members, tailoring development approaches based on experience and skill level, including building capability in assessing technology risks within ISWM audits.
  • Contribute to department-wide talent development, including cross-training auditors on ISWM technologies.
  • Partner with the Audit leadership team on staffing, performance evaluations, promotions, compensation recommendations, and performance management for direct reports.
  • Adhere to company policies, risk management frameworks, and regulatory standards applicable to audit and operational risk.
  • Support a strong control environment, including timely remediation of internal and external audit issues and regulatory findings.
  • Champion an inclusive, collaborative work environment that reflects the M&T Bank brand and values.
  • Perform other related duties as assigned.
  • Deliver timely, high-quality, value-added audit and assurance services across the technology environment supporting the Institutional Services and Wealth Management businesses, consistent with Audit Committee expectations and regulatory standards.
  • Demonstrate working knowledge of technology and cybersecurity regulatory guidance and examination expectations, and support Internal Audit readiness for regulatory reviews and examinations.
  • Ensure ongoing conformance with professional auditing standards and internal audit methodology.
  • Regularly communicate with Senior, Middle, and Line Management, External Auditors, and periodically engage with regulatory agencies.
  • Exercise direct supervisory responsibility for selected audit team members and may provide coaching or oversight to audit professionals across the ISWM audit team.
Desired Qualifications
  • An MBA or master’s degree in an appropriate field.
  • 3–5 years of IT Audit experience.
  • 7–10 years of People Leadership experience.
  • Professional certifications such as CIA, CISA, CISSP, CCSP, or similar.
  • Financial Services industry experience.
  • Prior exposure to technology risk, IT controls, cybersecurity, or data governance supporting the Global Capital Markets or Wealth Management businesses.

About the company

M&T Bank is a full-service financial institution that offers a wide range of banking solutions for individuals, small businesses, and larger enterprises. Its products include personal and business checking accounts, mortgage assistance programs, loans, deposits, investment products, and mobile banking. The bank serves mainly customers in the Northeastern and Mid-Atlantic United States and emphasizes community engagement and customer-focused service. It generates revenue from interest income, fees, and service charges tied to loans, deposits, and other financial products. The company’s recent merger with United Bank, N.A. expands its footprint and enhances its service offerings. The goal is to provide accessible financial services to communities while growing its market presence and deepening local connections.

Company Size

10,001+

Company Stage

IPO

Headquarters

Buffalo, New York

Founded

1993

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Simplify's Take

What believers are saying

  • On July 15, 2026, M&T reported record quarterly EPS of $5.32.
  • Average loans rose $3.0 billion in Q2 2026, led by commercial lending and CRE.
  • M&T repurchased $465 million of stock in Q2 2026 while CET1 stayed 10.19%.

What critics are saying

  • Average deposits fell $0.7 billion in Q2 2026, tightening funding and forcing pricier borrowings.
  • Commercial real estate balances reached $24.5 billion; 2027 refinancing stress hits credit costs and earnings.
  • A severe CRE downturn forces reserve spikes, buyback cuts, and capital-trapping regulation through 2027.

What makes M&T Bank unique

  • M&T Bank’s Q2 2026 balance sheet paired $168.9 billion deposits with $141.4 billion loans.
  • Ninety percent of C&I businesses grew quarter-over-quarter in Q2 2026, proving deep relationship banking.
  • The People’s United merger expanded M&T’s Northeast-Atlantic branch and deposit footprint after 2022.

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Benefits

  • 401(k) Company Match
  • 401(k) Retirement Plan
  • Flexible Work Hours
  • Hybrid Work Options
  • Paid Vacation
  • Paid Holidays
  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • Health Savings Account/Flexible Spending Account

Growth & Insights and Company News

Headcount

6 month growth

10%

1 year growth

11%

2 year growth

11%
Yahoo Finance
Oct 18th, 2026
M&T Bank Q3 net income falls to $732M as costs rise and margin slips to 3.65%

M&T Bank reported third-quarter 2026 net income of $732 million, down from $754 million a year earlier. Its shares slipped about 1.5% on the first trading day after the release. Revenue edged up to $2,401 million from $2,388 million. Basic earnings per share rose to $5.08 from $4.85, while net interest margin narrowed to 3.65% from 3.68%. Costs weighed on results. Noninterest expense rose to $1.39 billion, deposit costs climbed to 2.05%, and the cost-to-income ratio reached 54.4%. Capital stayed solid. The bank's CET1 ratio was 10.16% after $323 million of buybacks, and operating return on tangible common equity was 17.3%.

Yahoo Finance
Oct 16th, 2026
M&T Bank hits record SBA 7(a) lending, ranks fifth nationally as market softens; $5B buyback approved

M&T Bank reported record SBA 7(a) loan volume and dollar amounts in its history. It ranked first in fiscal year 2026 by number of loans across its communities and rose to fifth nationally among SBA 7(a) lenders. The result comes as national SBA 7(a) activity pulled back. It marks 18 consecutive years as a leading SBA lender for the bank. On March 30, the board authorised share repurchases of up to $5,000 million. Management intends to run a CET1 ratio toward the lower end of the 10% to 10.5% range. Risks remain, including funding costs, deposit mix, and high noninterest expenses.

MarketScreener
Oct 2nd, 2026
NETSTREIT Corp. Announces $550.0 Million in Additional Financing Commitments and Amendments to Existing Credit Facilities

NETSTREIT Corp. announced the closing of $550.0 million in additional financing commitments and amendments to its existing credit facilities agented by PNC Bank, National Association , Wells Fargo...

TipRanks
Sep 18th, 2026
Constellation Brands secures $300M delayed draw term loan for corporate flexibility

Constellation Brands has entered into a new term loan credit agreement worth up to $300 million with Manufacturers and Traders Trust Company and other lenders. The delayed draw facility, established on 18 September 2026, will be used for general corporate purposes, including potential debt repayment. The two-year term loans carry interest linked to Term SOFR or a base rate with rating-based margins. Unused commitments will incur a ticking fee beginning 30 days after closing. The agreement includes covenants that mirror the company's existing revolving credit facility. These impose limits on subsidiary indebtedness, liens, mergers, affiliate transactions, and sale-leasebacks, whilst requiring minimum interest coverage and maximum net leverage ratios. The structure is designed to reinforce Constellation Brands' financial flexibility and balance-sheet management.

Yahoo Finance
Sep 15th, 2026
M&T Bank gains 18% YTD, outpacing Nasdaq amid strong loan growth and rising net interest income

M&T Bank Corporation has outperformed the Nasdaq Composite over recent periods, with shares gaining 18% year-to-date and 19.6% over the past 52 weeks, compared to the Nasdaq's 12.7% and 18.3% returns respectively. Over the past three months, the Buffalo-based bank's shares rose 2.6% against the Nasdaq's 1.2% gain. The outperformance follows strong second-quarter results reported in July, with record earnings per share of $5.32, up 25.5% year-on-year. Taxable-equivalent net interest income increased 4.8% to $1.80 billion, whilst total average loan balances grew 4.4%. Nonaccrual loans fell 23.2% to $1.2 billion, indicating improved asset quality. M&T Bank has a market capitalisation of approximately $34.6 billion.