Financial Analysis Consultant (Profitability Governance) at M&T Bank

Buffalo, New York, United States

M&T Bank Logo
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Banking, Financial ServicesIndustries

Requirements

  • Bachelor's degree and a minimum of 7 years’ accounting, auditing, operations, and/or financial institutions experience, or in lieu of a degree, a combined minimum of 11 years’ higher education and/or work experience, including a minimum of 7 years’ accounting, auditing, operations, and/or financial institutions experience
  • Experience providing financial analysis for monthly and strategic multi-year forecasts
  • Experience providing financial analysis for annual budgets
  • Experience in enterprise-level financial performance measurement framework
  • Strong understanding of financial concepts and theory and how it relates to profitability reporting
  • Strong persuasion skills

Responsibilities

  • Create financial reports and meet with the Finance team to clearly summarize financial trends and provide insight to management
  • Complete detailed and interpretative financial analyses utilizing complex financial tools to demonstrate scenarios and activities
  • Lead the development and implementation of specific Finance department goals
  • Accountable for accuracy and quality of work products within discipline
  • Demonstrate strong knowledge of finance and accounting concepts through the aggregation of financial data
  • Develop improved financial departmental tools and processes independently
  • Display a strong understanding of the Bank’s or applicable business units’ financial statements, including awareness of key drivers and trends in major balance sheet and income statement line items
  • 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
  • May have indirect supervisory responsibilities and mentor and develop less experienced staff

Skills

Financial Analysis
Financial Reporting
Accounting
Auditing
Financial Modeling
Risk Management
Regulatory Compliance
Balance Sheet Analysis
Income Statement Analysis

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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