M&T Bank
Senior Treasury Portfolio Manager - Mortgage Servicing Rights Portfolio (Hybrid
M&T Bank, New York, New York, us, 10261
** This is a hybrid position requiring in-office work three days every week. Ideally, it will be based in Buffalo, NY but may be in an another M&T office within footprint, such as Baltimore, MD, NYC, NY, Boston, MA, Wilmington, DE, or Washington, DC.
Overview:
Leads a team within Corporate Treasury that directs strategic management and trading for the bank’s Derivatives Portfolio and MSR Hedging. This position will be responsible for leading the build-out of the MSR Hedging Program 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
Review daily MSR reports and develop daily, monthly, and quarterly hedge strategy accounting for markets and within market & credit risk limits
Monitor intraday market movements and corresponding MSR risk, while execute trades opportunistically based on hedge strategy
Works independently and is able to develop detailed execution strategies.
Actively participates at the Corporation’s Asset/Liability Committee
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 Derivatives portfolio is 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 – 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 Derivatives and MSR Hedging, 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 a bank portfolio and associated trade execution in the capital markets.
Leadership experience
Mortgage servicing rights portfolio management experience is required.
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.
Demonstrated expertise in the use of fixed income analytical software, such as Yieldbook, Bloomberg or Calypso.
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
Education and Experience Preferred: Master’s degree in business administration (MBA) or Chartered Financial Analyst (CFA)
Management of direct reports experience.
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 $166,880.85 - $278,134.76 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation. Location New York, New York, United States of America M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer, including disabilities and veterans.
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Takes a leadership role in developing interest rate risk and other balance sheet management strategies, leading to strategic recommendations
Review daily MSR reports and develop daily, monthly, and quarterly hedge strategy accounting for markets and within market & credit risk limits
Monitor intraday market movements and corresponding MSR risk, while execute trades opportunistically based on hedge strategy
Works independently and is able to develop detailed execution strategies.
Actively participates at the Corporation’s Asset/Liability Committee
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 Derivatives portfolio is 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 – 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 Derivatives and MSR Hedging, 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 a bank portfolio and associated trade execution in the capital markets.
Leadership experience
Mortgage servicing rights portfolio management experience is required.
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.
Demonstrated expertise in the use of fixed income analytical software, such as Yieldbook, Bloomberg or Calypso.
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
Education and Experience Preferred: Master’s degree in business administration (MBA) or Chartered Financial Analyst (CFA)
Management of direct reports experience.
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 $166,880.85 - $278,134.76 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation. Location New York, New York, United States of America M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer, including disabilities and veterans.
#J-18808-Ljbffr