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Corporate Capital Markets Section Manager - 3DIAC in New York, NY at M&T Bank

Date Posted: 4/27/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    New York, NY
  • Job Type:
    Management
  • Experience:
    Not Specified
  • Date Posted:
    4/27/2018
  • Job ID:
    3DIAC

Job Description

Corporate Capital Markets Section Manager
Global Capital Markets
Wilmington Trust Company
New York, New York
 
Head of Transactional Analytics and Reporting
 
FUNCTION:
Manages and supervises the Transaction Analytics and Reporting section (or units within a Section) that provides administrative support and analytical support, product development and risk management to business and product line(s) assigned to the Division. Independently develop and construct sophisticated cash flow waterfall models, collateral models and internal and external reporting for CDO’s by reviewing, interpreting and ensuring compliance with asset securitization indenture’s and associated legal documentation. Works closely with Division Manager, Business Council, Technology Development Leaders and Client Development Sales Managers to advance short- term and long-term strategies and tactics, centered upon achieving a cost effective, efficient operation to achieve sustainable earnings growth and compliance with the Corporate Strategic Plan. Drive product improvement through new ideas including system enhancements and features. Typical managerial scope will support multiple accounts and 20 staff members.
 
REQUIRED SKILLS:
Ability to create complicated financial models using advanced programing languages (both proprietary and open source) that can carry-out CLO Compliance testing, waterfall bond payments and sophisticated Investor Report generation.
Extensive knowledge of Structured Finance Securities, Fixed income securities, Syndicated and Middle Market Bank Loans including Documentation, Loan Accounting, Cash/ Payment Processing (ex. P&I, Fees Capitalized Interests, PIK…), Corporate Actions/Amendments/Restructures and Trading and Settlement.
Thorough understanding of Separately Managed Bank Loan accounts and  CLO/CDO operational life cycle including warehouse, CLO closing and effective date procedures, Monthly reporting, Quarterly waterfalls, and end of life events.
Ability to understand and interpret complex requirements outlined in CLO/CDO Indentures/agreements and other legal documents including ratings definitions, compliance tests definitions, waterfall priority of payment logic and reporting procedures.
Experience with CLO/CDO Indenture compliance tests and Client Investment Guidelines, hypothetical trade testing, reconciliations and maintenance of ratings, spreads, Amortization Schedules, maturity dates, industry, and other loan characteristics
Experience with reconciliations of monthly trustee reports and quarterly waterfall tie outs with AUP providers and Asset Mangers
Experience with cash reconciliations including fed wire payment instructions, SEI cash,
Experience with positions reconciliations and researching and resolving position breaks with Loan agents and Asset Managers
Manage and monitor projects on production matters, enhancements, and ongoing improvements to system and processes including development related to the continued build out and enhancement of our platform’s capabilities and services.
Oversee and perform quality control and regression testing prior to system functionality upgrades and enhancements.
Implement QC process to perform quality control checks on required reporting and client ad-hoc requests
Prior experience in User Acceptance Testing, Regression Testing, Quality Control testing for complex financial systems and CLO compliance modules.
Develop of internal metric and external client reporting
Experience in writing procedures and documenting workflows (flowcharts) with sound understanding of, regulations, risk mitigation and control points.
Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies. Leads, manages, coaches and mentors Unit Managers, Relationship Managers and other staff and group members to exceed expectations.
Works with all staff and group members in the development and implementation of process improvements to increase service, processing, profitability and regulatory compliance.
Ensures that staff and group members are motivated and challenged.
Ensures that staff is aware and complies with all internal and external policies/procedures.
Develops and maintains key client relationships within product and business lines.
Works closely with Client Development staff to analyze pricing issues, host client meetings and develop sales strategies.
Coordinates all administrative, operational and risk management support for Section.
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.
 
MANAGERIAL/SUPERVISORY RESPONSIBILITY:
Manages individual development by providing coaching, feedback, and reinforcement.
Effectively delegates tasks or projects.
Facilitates for others the development of a sense of ownership in jobs or projects by providing
clear expectations, controlling of sufficient resources, encouraging responsibility, and coaching.
Uses appropriate influence to inspire and guide individuals toward goal achievement.
Promote an environment that supports diversity and reflects the M&T Bank brand.
Establishes and builds rapport by communicating frequently.
Fosters the attitudes, conditions, and environments that yield improved quality and quantity to maximize performance.
Provides meeting leadership, management, and facilitation.
Conducts analysis and monitors progress and results and takes appropriate measures and counter measures.
 
MINIMUM QUALIFICATIONS REQUIRED:
Bachelor’s degree and a minimum of 10 years’ related experience or in lieu of a degree a combined minimum of 14 years higher education and/or work experience, including a minimum of 10 years related experience.
Minimum of 8 years’ managerial or supervisory experience.
Problem resolution, resource management and strong decision-making skills.
Communication skills, both internally and externally at all levels.
Strong strategic thinker
Risk management
Project management skills
Strong analytical skills
Customer service skills
 
IDEAL QUALIFICATIONS PREFERRED:
Certified Corporate Trust Specialist designation or advanced degree.
Demonstrates the highest level of proficiency in the use of personal computers, software
packages such as Microsoft Office, Microsoft SQL, VBA or other programming language, SEI, Account Control, and in-house software used by management.
 
About M&T
At M&T, we strive to be the best place our employees ever work, the best bank our customers ever do business with and the best investment our shareholders ever make. So when looking to advance your career, look to M&T. As a top 20 US bank holding company and one of the best performing regional banks in the country, we offer a wide range of performance based career development opportunities for talented professionals. And through our longstanding tradition of careful, conservative and consistent management and a strong commitment to the communities we serve, we continue to grow with a focus on the future.
 
#LI-LP1
 
M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer.
M&T Bank Corporation does not sponsor individuals for the purpose of obtaining H-1 Visas.
M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.