Community Finance Operations Specialist at M&T Bank

Buffalo, New York, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, FinanceIndustries

Requirements

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)

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

Skills

tax credit equity investments

structured lending

capital contributions

documentation validation

stakeholder liaison

software systems management

vendor management

reporting dashboards

performance metrics

compliance

quality control

risk management

workflow processes

CRA compliance

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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