Overview:

This position supports the financial analysis, information compilation, validation, and documentation for the development of the Resolution Plan (RP), aka the Living Will, for M&T Bank and M&T Bank Corporation. This role is a key contributor to assemble and develop a comprehensive range of information requirements and tactical and strategic response actions related to a “failure” scenario of a large financial institution. This role resides within the Risk Management Division.

The Dodd-Frank Act requires certain financial institution to periodically report to the FDIC and Federal Reserve Bank (FRB) a RP for their rapid and orderly resolution in the event of material financial distress and possible failure. Information in the RP would enable the FDIC to act as receiver of the failed institution, including the identification of marketable wind-down strategies, and support the execution thereof. Primary regulatory objectives include ensuring depositors have ready access to their insured deposits upon failure, maximize the net present value return from the sale or disposition of assets, and minimize the amount of loss realized by creditors in resolution.

Responsibilities principally include the update of a comprehensive financial and operational “playbook” to inform the regulatory receivership of a failed bank that has experienced severe stress and pending failure. Requires collaboration with enterprise-wide business resources. This role is independently responsible for completion of a number of substantive “resolution-specific” information sections of the Resolution Plan (Living Will) for M&T Bank, and provide support to the completion of multiple additional information sections.

Critical elements of this role include demonstrated skills in financial acumen, professional communication and knowledge of a top-20 financial institution (structure, products and services). Activities include interface and coordination with extensive line of business personnel, senior management, and regulatory agencies.

Primary Responsibilities:Assume full responsibility for the completion of various sections of the RP in a professional, thorough, accurate and timely manner to support credible resolution protocols.Manage respective enterprise-wide RP Working Group members (primarily senior level management)  and broad group of information contributors (mid and senior level managers) aligned with the RP sections for which they are responsible.Advises on evolving requirements and industry developments associated with assigned RP sections/topics. May also provide input and interpretation on a broad range of RP matters beyond their specific RP topics.Participates in nearly all interactions with regulators– principally the FDIC (as primary regulator), and may include the Federal Reserve and NYS Dept of Financial Services.Interpret, determine the relevancy, and identify appropriate responses to evolving RP regulatory requirements and inquiries.Support the development and completion of various portions presentations for regulatory agencies, including responses to regulator RP inquiries.Compile and document a wide range of financial and operational information on a legal entity and line of business basis.Validate and challenge information inputs to ensure accuracy and appropriate context.Support and manage sub-projects to improve resolution planning capabilities and initiatives.Conduct effective and efficient interactions with enterprise-wide resolution working group members and information contributors.Serve as the principal back-up to the Manager of Resolution & Recovery PlanningServe as the administrator of meeting minutes for various governance structures.Proficient to actively and effectively manage large volume MS Word documents.Adhere to milestone deliverables and timeframes.Maintain and update the RP project calendar on a recurring basis.Support the preparation of information responses to regulator inquiries (FDIC & FRB).Participate in discussions with industry associations (ABA, BPI, etc.) and peer banks.Promote an environment that supports diversity and reflects the M&T Bank brand.Complete other related ad hoc duties as assigned in a timely and thorough manner.

Scope of Responsibilities:

The FDIC and FRB require large financial institutions to submit Board-approved RPs which must demonstrate credible and quantified actions to “resolve” a failed financial institution. Requirements include assumptions, tactics and strategies to support the FDIC receivership of an insolvent firm. Scenarios reflect severe adverse impacts in liquidity and capital levels, and dramatic actions by customers, vendors, employees and investors.

These plans are a strategic risk priority for M&T as failure to produce a comprehensive and credible RP could lead to severe regulatory sanctions. The Resolution Planning Office (RPO) interacts with various levels of operations, finance and senior management. Governance includes ultimate approval by the Board of Directors. The role involves interaction with management representatives from critical business lines and support functions.

Education and Experience Required:"Bachelor’s degree in Accounting, Finance, or related discipline and a of minimum seven years relevant work experience, or in lieu of degree, a combined minimum of eleven years’ higher education and/or work experience, including a minimum of seven years relevant work experience."Strong financial acumen with working knowledge of financial principles for a large financial institution.Knowledge of bank organization structures (operating and legal), products and services.Demonstrated proficiency to communicate in a clear and concise professional manner.Coordinate and manage professional and effective meetings.Strong organization and administrative skills.Proficiency with managing a large volume MS Word document.Previous roles requiring high attention to detail and documentation.Proficiency with MS Office, especially Word, Excel, PowerPoint, and Teams.Proven analytical skills. Ability to work independently while also demonstrating collaboration among stakeholders.Critical thinking skills and proven effective challenge.

Education and Experience Preferred:MBA or advanced degree preferred.CPA or CFA preferred.Eight or more years relevant work experience with a large regional bank (in lieu of an advanced degree)Proven writing skills at a caliber consistent with SEC document submissions (SEC Forms 10-K and 10-Q) and/or large-scale formal legal documentsAbility to influence senior bank leaders to provide appropriate input and insight to the RP.Coordination of resources and execution of a complex deliverable in a tight time frame.Demonstrate interpersonal leadership and influence of skills with ability to achieve goals without direct control over resources.Knowledge of business restructurings, mergers & acquisitions, and bankruptcy concepts.Proven project management and advanced presentation skills.Ability to work independently while also demonstrating collaboration among stakeholders.

Location

Buffalo, New York; Full time

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $100,611.94 - $167,686.57 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.

LocationBuffalo, New York, United States of America