Leads a team within Corporate Treasury that directs the strategic management of the bank’s securities and held for investment mortgage portfolios. 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 investment/mortgage 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
- Manages the Corporation’s fixed income security (U.S. Treasuries, Agency MBS/CMBS/CMOs, Corporates, Municipals, etc.) and the held for investment mortgage portfolios to maintain acceptable levels of risk in alignment with the Board-approved risk appetite statement
- Manage the Corporation’s held for investment mortgage portfolio with a focus on risk management and maximizing shareholder returns. Partner with Secondary Mortgage in implementing pricing changes as market dynamics shift. Active participant in MLRC ensuring Treasury and balance sheet priorities are aligned with mortgage originating business units
- Takes a leadership role in developing interest rate risk and other balance sheet management strategies, leading to strategic recommendations.
- Works independently and is able to develop detailed investment/mortgage execution strategies.
- Actively participates at the Corporation’s Asset/Liability Committee
- Lead portfolio IT enhancement initiatives including prepayment model upgrades. Manage internal compliance with MRMD and produce documentation to comply with model oversight governance.
- 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
- Assist in managing all interactions with the second line of defense and internal audit
- 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
- 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
The discretionary portfolio is a significant component of the Bank’s balance sheet risk management function. The position is responsible for the following capital markets related functions; investment securities portfolio management and held for investment residential mortgage portfolio management. In carrying out these 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 – 1-3
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 mortgages/mortgage-backed securities, 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 focused on mortgage-backed securities.
- Direct experience managing and/or advising a discretionary bank portfolio and associated trade execution in the capital markets.
- Demonstrated expertise in the use of Calypso fixed income analytical software.
- Comprehensive understanding of the relevant instruments and markets.
- 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.
- Able to apply technical skills to the modeling of trades and portfolio positions. Subject matter knowledge of Asset/Liability Management concepts and their influence on bank portfolio strategy.
- 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 .
- Master’s degree in Business Administration (MBA).
- Chartered Financial Analyst (CFA) highly preferred.
- 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
Skills Required
- Bachelor's degree in Accounting, Finance, Math, Economics, or a related field, or an equivalent combination of education and work experience
- At least 9 years of related experience focused on mortgages or mortgage-backed securities
- Direct experience managing or advising a discretionary bank portfolio and associated capital-markets trade execution
- Demonstrated expertise using Calypso fixed-income analytical software
- Comprehensive understanding of relevant fixed-income instruments and markets
- Advanced ability to assess, quantify, and communicate market risk
- Understanding of data management, assumption inputs, behavioral research, and model results associated with fixed-income valuation and prepayment software
- Ability to model trades and portfolio positions using technical skills
- Subject-matter knowledge of asset/liability management concepts and their influence on bank portfolio strategy
- Knowledge of fixed-income securities accounting or experience in market risk
- Ability to communicate execution strategies, trade executions, and portfolio strategy to senior management and risk committees
- Master's degree in Business Administration
- Chartered Financial Analyst (CFA) certification
- Excellent analytical skills, including understanding stochastic model output and interest-rate and prepayment modeling
- Proficiency in financial product pricing and fair-value measurement theory
- Current knowledge of tax, GAAP accounting, and regulatory actions related to portfolio management
- Strong verbal, written, cross-functional collaboration, management, and presentation skills
M&T Bank Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about M&T Bank and has not been reviewed or approved by M&T Bank.
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Retirement Support — Retirement benefits are positioned as a strong pillar, including a 401(k) match and the possibility of an additional employer contribution, plus access to an employee stock purchase plan.
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Leave & Time Off Breadth — Time-off offerings are framed as competitive, with a flexible PTO approach and paid volunteer time called out as a meaningful add-on to standard leave.
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Wellbeing & Lifestyle Benefits — Wellbeing support appears comparatively robust, highlighted by mental-health therapy/coaching sessions and broader wellness programming alongside community-oriented perks.
M&T Bank Insights
What We Do
M&T Bank is a multi-state community-focused bank serving New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and Washington, D.C. Founded in 1856, the company provides banking, investment, insurance and mortgage financial services to more than 3.6 million consumer, business and government clients.
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