Engineering Director - Wealth Technology at M&T Bank

Wilmington, Delaware, United States

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Not SpecifiedCompensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Wealth Management, Financial ServicesIndustries

Requirements

Combined minimum of 15 years’ higher education and/or work experience, including a minimum of 4 years’ engineering and/or architecture experience and 11 years' large technology management / program leadership experience including people management
Excellent verbal and written communication skills
Demonstrated ability to manage and deliver complex projects simultaneously
Experience on large system enhancements, conversions, and production problem resolution
Proven track record of leading teams across multiple geographic locations and time zones, delivering successful large-scale projects
(Preferred) Experience with specific Investment Management platforms for trading, portfolio management and client reporting; and Banking products (deposits, customized lending and SBLs)
(Preferred) Experience with Private Banking, Family Office, Trust and Estate services
(Preferred) Experience managing engineering team(s), preferably very technical coming from dev background
(Preferred) Experience with cloud transformation; Azure preferred
(Preferred) Strong cross-organizational leadership skills
(Preferred) Strong problem solving, analytical, decision-making skills
(Preferred) Strong system architecture/design skills
(Preferred) Experience or familiarity with wealth technology platforms such as SEI Trust 3000, FIS Global Plus, Charles River
(Preferred) Familiarity with Retail and Commercial Trust, Investment Management, Payments and other Wealth-oriented platforms
(Preferred) Experience in scaled agile software development and cloud migration

Responsibilities

Provide deep technical expertise, leadership, and a strong understanding of the Wealth Management business to ensure technology solutions drive operational efficiency, regulatory compliance, client satisfaction, and business growth
Develop and execute a technology strategy that drives cloud adoption and aligns with the firm’s wealth management goals, including client relationship management, portfolio management, and regulatory compliance
Identify emerging technologies and evaluate their applicability to enhance wealth management operations
Oversee the integration of wealth management platforms (e.g., CRM, portfolio management systems, financial planning tools) with internal and external systems
Drive simplification of the technology architecture, retirement of platforms, vendor negotiations and design of future state platforms and processes
Build and expand the current IT team supporting the Wealth group
Partner closely with the Line of Business (LOB) to drive simplification, strategic growth and transformation
Lead cloud transformation and drive technological advancements

Skills

Agile

Scaled Agile

Cloud Migration

Cloud Transformation

Software Engineering

Wealth Management

Investment Management

Portfolio Management

Regulatory Compliance

Payments

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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