Senior Treasury Portfolio Manager - Middle Office (Hybrid - see potential locations in description) - M&T Bank : Job Details

Work Arrangement/Location: This is a hybrid position requiring in-office work three days every week. Ideally it will be based in the Buffalo, NY corporate office but may be based in the NY, NY office.*

Overview:

Leads a team within Corporate Treasury that directs the strategic management of the valuation and risk management of the bank's securities and derivatives arising from balance sheet hedging, customer back-to-back business and discretionary investments. This position will be responsible for leading the build out of the Middle Office at the bank. Effectively communicates financial market conditions to senior management. Uses knowledge of asset/liability management philosophies and works collaboratively across the organization to develop, recommend, execute and communicate strategies that achieve management's objectives for risk appetite and balance sheet management positioning. Performs advanced research, analysis and modeling of financial market opportunities and strategies. Monitors portfolio positions and their contributions to consolidated risk assessments and accounting results. Works across the organization to communicate strategies and their effect on balance sheet management strategies and corporate performance. Maintains and develops control frameworks consistent with operational risks. Develops the strategic plan and sets goals for the unit.

Primary Responsibilities:

• Manages a Bank Portfolio team/function. Provides leadership and guidance to staff, fostering an environment that encourages employee participation, teamwork and communication

• Takes a leadership role in developing interest rate risk and other balance sheet management strategies, leading to strategic recommendations

• Develops risks reporting and valuation reports within our 3rd party vended solutions (Calypso and The Yield Book)

• Structures new products, as needed, to accurately reflect contractual and behavioral terms of deals

• Works independently and can develop detailed execution strategies

• Actively participates at the Corporation's Governance Committees

• Manage internal compliance with MRMD and ensure compliance with model oversight governance

• Assist in managing all interactions with the second line of defense and internal audit

• Participates in developing the team's strategic plan and sets goals and priorities based on the direction set for the unit; follows through to ensure that objectives are met

• Work with multiple stakeholders across Treasury, Compliance, Finance, Legal, Operations, Secondary Mortgage, Audit, Risk to achieve business unit objectives

• Lead and coordinate new products initiatives as recommended by the team

• Leads other strategic projects as directed

• Seasoned expert with extensive technical and/or business knowledge and functional expertise

• Conduct analysis for the effective challenge process relating to specific disciplines described

• Ensure processes and procedures for governance are appropriate and regulatory and reputation risks are minimized

• Provide review of DFAST and CCAR submissions related to the specific portfolio disciplines above

• Ensures compliance with all policies, guidelines, and regulatory standards (Board, ALCO, Volker, Regulation WW

• Carries out complex initiatives involving multiple disciplines and/or ambiguous issues

• Conduct due diligence and ongoing integration analysis of acquisitions from a Treasury perspective relating to the specific disciplines above

• Exercise usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, performance management and terminations

• Understand and adhere to the Company's risk and regulatory standards, policies and controls in accordance with the Company's Risk Appetite

• 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:

The securities and derivatives portfolios are a significant component of the Bank's balance sheet risk management function. In carrying out the responsibilities, the position must interact and build relationships with members of executive management, Operations, Finance, Corporate Finance, Mortgage Division, Tax, Legal, investment bankers, vendors and occasional informational/educational meetings with bank customers. The position prepares and provides presentations to executive management and risk governance committees. Develops portfolio management frameworks and strategies that are aligned with the risk appetite and tolerances for the interest rate risk.

Managerial/Supervisory Responsibility:

No. of Staff – Potentially up to 3

Education and Experience Required:

• Bachelor's degree in Accounting, Finance, Math, Economics or related field and a minimum of 9 years' related experience focused on securities and derivatives pricing and risk management, or lieu in of degree, a combined minimum of 13 years' higher education and/or work experience, including a minimum of 9 years' related experience.

• Comprehensive understanding of the relevant instruments and markets.

• Leadership experience.

• Advanced skills in assessing, quantifying and communicating market risk.

• Understands the data management, assumption inputs, behavioral research and model results associated with advanced fixed income valuation and prepayment software.

• Demonstrated expertise in the use of fixed income analytical software, such as Yield Book, Bloomberg, or Calypso.

• Able to apply technical skills to the modeling of trades and portfolio positions.

• Knowledge of Accounting for fixed income securities, or experience in Market Risk.

• Effectively communicate (both verbally and in writing) execution strategies and summarize trade executions and portfolio strategy to the Director of Treasury Portfolio Management, senior management, and risk committees

Education and Experience Preferred:

• Middle Office Portfolio Management expertise is highly preferred

• Experience using Calypso fixed income analytical software is highly preferred

• Experience managing direct reports.

• Master's degree in business administration (MBA) or Chartered Financial Analyst (CFA)

• Excellent analytical skills, including a thorough understanding of stochastic model output and the nuances of interest rate and prepayment modeling

• Proficient in financial products pricing/fair value measurement theory

• Current knowledge of all tax, accounting (Generally Accepted Accounting Principles (GAAP) and regulatory actions related to portfolio management activities

• Excellent verbal and written communication skills

• Strong cross-functional collaboration skills

• Strong management skills

• Strong presentation skills

• Adept at working in a fast-paced, high-energy level, team-oriented environment

#LI-RSI

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $136,787.30 - $227,978.83 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

M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer, including disabilities and veterans.