Shared Services Fees Specialist at M&T Bank

Burlington, Vermont, United States

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$47,000 – $78,300Compensation

Entry Level & New Grad, Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

Combined minimum of 4 years’ higher education and/or work experience
Comfortable operating in a team environment
Experience using pertinent word processing and spreadsheet software
Willing to work a flexible schedule as needed
Effective verbal and written communication skills

Responsibilities

Process routine and standard transactions according to established procedures
Communicate with internal business partners and related service partners as required
Escalate non-standard or high risk exceptions to more experienced personnel as appropriate
Prioritize and manage own workload to meet service level agreements and internal service delivery standards
Identify and report all risk and compliance issues, breaches and suspicious activities to management
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

Key technologies and capabilities for this role

Microsoft WordMicrosoft Excelfinancial servicestransaction processingrisk managementcomplianceverbal communicationwritten communicationaccounting principles

Questions & Answers

Common questions about this position

What is the pay range for the Shared Services Fees Specialist position?

The pay range for this position is $22.61 - $37.67 Hourly (USD), with the specific compensation based on the candidate’s knowledge, skills, and experience.

Is this position remote or does it require working in an office?

This information is not specified in the job description.

What skills and experience are required for this role?

A combined minimum of 4 years’ higher education and/or work experience is required, along with comfort operating in a team environment, experience using word processing and spreadsheet software, willingness to work a flexible schedule, and effective verbal and written communication skills.

What is the team structure for this position?

This position is within the WISD Fee team.

What makes a strong candidate for this Shared Services Fees Specialist role?

Strong candidates will have a Bachelor’s degree, at least 1 year of experience in the financial services industry, basic understanding of financial products, knowledge of pertinent Bank systems, ability to work under time constraints, and knowledge of accounting principles.

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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