Job Information
M&T Bank Treasury Asset Liability Management Expert in Buffalo, New York
Overview:
Provides treasury analytics support to the Treasury business line to assist in monitoring treasury-related products (securities, derivatives, debt, etc.) and hedging strategies, including providing in-depth insights into the impact on the M&T’s financial results and position. Responsible for measuring, monitoring, and strategically managing M&T’s balance sheet and interest rate risk position through the generation and analysis of forward-looking forecasts and the full evaluation of the Bank’s balance sheet.
Primary Responsibilities:
Assist in analyzing the balance sheet & P&L of M&T’s Treasury portfolio by reviewing Greeks (delta, gamma, vega, theta, rho), XVA metrics, stress testing, Value at Risk, etc.
Investigate and resolve variances within M&T’s daily P&L review.
Validate the completeness and accuracy of the P&L, including reviewing the reasonableness of trading volumes and pricing.
Create and distribute reports (i.e., daily balance sheet, daily P&L, clean P&L, variance analysis summary, etc.) to senior management summarizing the financial performance of treasury products for decision-making purposes.
Perform reconciliation of various treasury related P&L accounts, including investigating and resolving any outstanding reconciling items
Daily coordination with treasury department in validation, settlement, and confirmation of outstanding trades on treasury products.
Daily coordination with treasury department in valuation and reconciliation of outstanding trades on treasury products, including review of breakage/outages.
Manage the completion of complex processes and analysis specific to measuring the interest rate risk of the Bank’s balance sheet to ensure the Bank is managing the risk within the confines of the Firm’s risk appetite statement.
Manage the process of obtaining business line forecasts of balance sheet activities pertinent to forecasting net interest income. This process includes challenging business line forecasts by reviewing current and forward-looking business and financial information for all Bank products.
Complete complex analyses to support business assumptions and decisions. Provide feedback and make recommendations to management regarding the results and how to mitigate potential risk.
Stay abreast of trends within the financial services industry and economy to enhance the forecasting of changes in the Bank’s balance sheet composition.
Leading in planning, developing, and implementing various projects and initiatives to improve the Division’s risk management framework.
Direct activities of participants in executing projects specific to risk management aspects of the Asset/Liability process.
May act on behalf of management as required by absence.
Exercise usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, performance management and terminations.
Promote an environment that supports diversity 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:
The position provides recommendations to senior management to support management of the Corporation’s interest rate risk position, consistent with Board-approved risk appetite statements contained in the Treasury Policy Manual. As such, the position interacts with middle and senior Treasury management, as well as management within the business lines to obtain balance sheet forecasts and an understanding of both strategic and tactical initiatives that may impact the institution’s risk profile. The position also serves as liaison with other Bank personnel on various cross-departmental tasks and projects.
Education and Experience Required:
Bachelor’s degree and minimum of 7 years’ relevant work experience, or in lieu of a degree a combined minimum of 11 years’ higher education and/or work experience, including a minimum of 7 years’ relevant work experience
Proficient user of QRM software and pertinent spreadsheet, database, word processing and presentation software
Strong knowledge of analytical software packages and business intelligence tools
Excellent verbal and written communications skills
Strong cross-functional collaboration and management skills
Excellent presentation skills
Thorough knowledge of regulatory guidance on prudent interest rate risk management including best practices and industry norms
Education and Experience Preferred:
Master’s degree in Business Administration (MBA) or Chartered Financial Analyst (CFA)
Proficiency with personal computers and relevant analytical software packages in the field: Quantitative Risk Management (QRM), Andrew Davison & Co. (AdCo), etc.
Minimum of 5 years’ proven Asset/Liability experience
M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $115,703.73 - $192,839.55 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.