001 Manufacturers and Traders Trust Co

Compensation

Full Description

Overview: Responsible for providing overall operational support with the management and oversight of Community Finance’s applicable tax credit equity investments and other structured lending products. Primary Responsibilities: Provide support to the various Community Finance business lines by recommending solutions to problems that arise, team training, and liaising with key stakeholders. Process capital contributions for M&T’s investments. Assist in facilitating the commitment/closing process for new investments by assisting the Operations & Risk Manager with closing tasks such as validating documentation, conducting preliminary reviews, and ensuring the file is complete. Oversee the department’s annual documentation collection for, and requests for information from, M&T’s stakeholder departments (including Finance, Accounting Policy, CRA, Corporate Tax, and Sustainability) Function as the Operations & Risk Manager’s surrogate with respect to the ownership of the department’s software systems (including working with applicable vendors); operate and maintain the department’s software systems; participate in software enhancement-related projects; function as the owner of any tools or models under the purview of the Operations & Risk Manager Support the tracking of productivity and performance metrics through reporting and dashboards. Ensure the department’s compliance with policies, procedures, and guidelines and provide quality control and assurance. Continuously enhance the department’s workflow processes. Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite. Identify risk-related issues needing escalation to management. 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. Scope of Responsibilities: The department originates and manages tax credit investments (“TCI”) that enable M&T to repurpose its tax liability in support of federal and state public policy objectives including financing activities that promote the public welfare. These activities, particularly low-income housing TCIs, are the primary driver to achieve M&T’s CRA requirements, enhance our community banking model, and contribute to our sustainability aspirations and business case. Participation in state tax credit programs as well as historic preservation TCI is a secondary focus. Involvement in these programs frequently necessitate both equity investments in addition to loans. The department generates several hundred million dollars in new investments annually. This position works closely with the Operations & Risk Manager to support Community Finance and to partner with cross-functional working teams to include M&T’s Tax, Technology, Finance, and Accounting Policy departments to ensure compliance with critical objectives. Supervisory/Managerial Responsibilities: N/A Education and Experience Required: Bachelor's degree in Accounting/Finance or related field and a minimum of 5 years relevant experience or in lieu of a degree, a combined minimum of 9 years higher education and/or work experience including a minimum of 5 years’ relevant experience Commercial credit experience. Solid knowledge of personal computers, with thorough knowledge of various software programs (such as Word, Excel and other departmental software). Education and Experience Preferred: Investment and/or lending experience Excellent analytical ability. Knowledge of credit principles. Highly motivated, detail-oriented self-starter. Excellent communication and organization skills. Ability to interact with external and internal personnel using tact and diplomacy. Physical Requirements: M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $89,600.00 - $149,300.00 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 Great companies have an enduring sense of purpose. At M&T, our purpose is a simple one: make a difference in people’s lives and uplift the communities we serve. M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T’s affiliates offer advice, guidance, expertise and solutions across the entire financial spectrum, combining M&T Bank’s traditional banking services with the wealth management and institutional capabilities offered by Wilmington Trust. M&T Bank has a network of over 1,000 branches and 2,200 ATMs that span 12 states from Maine to Virginia and Washington, D.C. For more than 165 years, M&T has strived to take an active role in our communities and build long-lasting relationships with our customers. We are a bank for communities—combining the capabilities of a large bank with the care of a locally focused institution. As an employer of choice, we are proud to offer competitive benefits ranging from medical and retirement to forty hours of paid volunteer time, each year. Our core values – integrity, ownership, collaboration, curiosity, and candor – drive the work we do. We seek to further build upon our record of success by bringing in top talent and fresh skill sets while continuing to support the growth and development of all our team members. View M&T’s Human Capital Report to learn more. Ready to join our team? Submit your application today! If you are unable to apply through this site due to technical issues or need an accommodation to apply, please contact us at careersitesupport@mtb.com for assistance. M&T Bank is unwavering when it comes to providing equal employment opportunities to all employees and applicants without regard to race, color, national origin, religion, ethnicity, sex, gender identity, age, disability, citizenship, pregnancy, veteran status, military status, marital status, sexual orientation, genetic information or any other characteristic protected under applicable federal, state or local laws. M&T Bank Corporation has policies and procedures in place to promote a drug free workplace. Career Site Privacy Notice