Business Systems Analyst V for Reconciliation Product at M&T Bank

Buffalo, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

Analytical skills
Critical thinking skills
Problem solving/troubleshooting skills
Remains calm under pressure
Accounting/reconciliation background
Manage multiple tasks simultaneously
Deadline driven/prioritization skills
Off hours support for production fixes/implementations
Strategic/forward thinking
Challenge the status quo
Risk/audit awareness
Experience working on an Agile team

Responsibilities

Provide BAU support of Oracle Account Reconciliation Cloud Solution, in addition to new discretionary configuration
Participate in meetings with lines of business to identify their requirements in how an application looks and feels to the end user and provide feedback
Serve as project lead to ensure test plans and specifications are completed in a timely basis and project meets established milestones
Become subject matter expert in assigned systems within 18 months
Prepare well documented functional specifications for assigned projects, test plans, test cases and execute test cases
Conduct research analysis of complex data ensuring functional design of assigned projects is accurate
Serve as mentor to less experienced staff by assisting in application training, research analysis and project methodology consultation
Serve as functional lead on complex projects for assigned applications
Schedule and facilitate project team meetings, document and distribute meeting minutes
Meet with business clients to discuss requested application changes related to enterprise-wide or business initiatives, compliance/regulatory requirements, contractual agreements or system maintenance (BAU), ensuring thorough understanding of specifications
Participate in design discussions and document/deliver required functional specifications
Review business requirements with technology team to ensure understanding of project requirements
Coordinate and provide estimates for large projects and complete estimates for assigned components, inclusive of timelines and project phases
Serve as subject matter expert to consult and advise on how applications may be impacted by enterprise-wide initiatives (e.g., acquisitions or major changes in products/services)
Work with vendor and technical team to gain thorough understanding of project functionality and provide insight on implementation
May serve as Test Coordinator for large project initiatives involving multiple applications
Participate in and document data mapping for integration of systems, conversion, and acquisition-related projects
Work with other testing teams to prepare test plans and scripts based on functional specifications, and manage/execute test cases verifying changes and enhancements
Serve as functional lead with other project team members on systems impacting the project
Monitor functional specifications and change requests to ensure project stays within scope, meets regulatory requirements, and adheres to business requirements

Skills

Key technologies and capabilities for this role

Oracle ARCSAccount ReconciliationBusiness AnalysisAgileFunctional SpecificationsTest PlansTest CasesCritical ThinkingProblem SolvingAccountingReconciliationProject ManagementRisk ManagementAudit

Questions & Answers

Common questions about this position

What is the work arrangement for this position?

This is a hybrid position requiring in-office work three days every week at the Lafayette CT corporate office in Buffalo, NY.

What skills are required for the Business Systems Analyst V role?

Key required skills include analytical skills, critical thinking, problem solving/troubleshooting, accounting/reconciliation background, and experience working on an Agile team.

What is the salary range for this position?

This information is not specified in the job description.

What does the team structure or work environment look like?

The role involves working on an Agile team, serving as project lead and functional lead on complex projects, mentoring less experienced staff, and participating in meetings with lines of business and technology teams.

What makes a strong candidate for this Business Systems Analyst role?

Strong candidates have an accounting/reconciliation background, remain calm under pressure, manage multiple tasks with strong prioritization, provide off-hours support, and demonstrate strategic thinking with risk/audit awareness.

M&T Bank

Full-service banking for individuals and businesses

About M&T Bank

M&T Bank provides a variety of banking services to individuals, small businesses, and larger companies. Their offerings include mortgage assistance, personal and business checking accounts, and mobile banking options. The bank primarily operates in the Northeastern and Mid-Atlantic regions of the United States, emphasizing community engagement and a focus on customer service. M&T Bank's business model is based on traditional banking practices, such as loans, deposits, and investment products, and it generates revenue through interest income and service fees. A key aspect that sets M&T Bank apart from its competitors is its commitment to community involvement, which includes allowing employees to volunteer and supporting local organizations. The recent merger with United Bank, N.A. has further expanded their services and market presence.

Buffalo, New YorkHeadquarters

1993Year Founded

IPOCompany Stage

Financial ServicesIndustries

10,001+Employees

Risks

Competition from fintechs could erode M&T Bank's market share among tech-savvy customers.

Integration challenges from the United Bank merger may disrupt operations.

Decreased prime rate could reduce interest income, impacting profitability.

Differentiation

M&T Bank emphasizes community engagement through its charitable foundation and volunteer programs.

The bank offers a wide range of traditional and digital banking services.

Recent merger with United Bank, N.A. expands M&T's market reach and service offerings.

Upsides

M&T Bank's $1.5 billion senior notes offering strengthens its financial position.

Decreased prime rate may attract more borrowers, increasing loan volume.

Shannon Lazare's appointment as New Jersey Regional President enhances local community engagement.

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