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Derivative Operations Analyst II - 3DIMM in Buffalo, NY at M&T Bank

Date Posted: 5/22/2018

Job Snapshot

Job Description


Provides analytical and operational support for Interest Rate Derivatives executed by Treasury Capital Markets as well as liability instruments executed by Treasury Portfolio Management group, ensuring strict adherence to established internal policies and external regulations.



•  Process Interest Rate Derivative transactions received from the Capital Markets Front Office inputting customer and trade detail in the Derivatives system of record and including documenting the Bank’s commercial customer with strict adherence to the Bank’s customer identification procedure (CIP) as well as Treasury Operations’ customer setup procedures to comply with pertinent regulatory requirements. Process Interest Rate Derivative transactions by building the transaction in the system of record as well as creating and delivering the Trade Confirmation to the commercial counterparty including the receipt of a fully executed confirmation.

•  Process Interest Rate Derivative payments. Create daily payment confirmation summaries, confirming all outgoing payments with street counterparties while researching and resolving any differences prior to settlement. Process payments according to their prescribed payment method.

•  Process principal and interest payments for the Bank’s liability portfolio. Create monthly payment confirmation summaries according to type of liability, confirming all outgoing payments with street counterparties while researching and resolving any differences prior to settlement. Process payments according to their prescribed payment method.

•  Complete regulatory reporting that is submitted to the Swap Data Repository (SDR) for Interest Rate Derivatives in accordance with Dodd-Frank Act Data recordkeeping and reporting requirements.

•  Complete simple ad-hoc analyses or act as Subject Matter Expert (SME) on an as needed basis according to Department, Division or Bank needs.

•  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 diversity 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.

•  Derivative Operations, part of Treasury Operations, directly supports the Treasury Division’s Capital Markets department which offers interest rate risk hedging products to the Bank’s commercial loan customers. Derivative Operations is responsible for processing trades executed by the Capital Markets group with the Bank’s commercial loan customers as well as trades done on behalf of the Bank for its’ own hedging purposes. In addition to supporting Capital Markets, Derivative Operations supports liability transactions issues by the Treasury Portfolio department on behalf of the Bank. In executing liability transactions and hedging instruments, it is important for the area to enforce regulatory compliance, confirm and verify settlements with counterparties, reconcile general ledger accounts and depository positions, execute transactions within time-critical windows controlled by the industry, accurately confirm trades and collect funds when due and ensure data integrity and system access controls are in place. Key internal clients include Commercial Banking and the Treasury Division. This position specifically supports the timely and accurate processing of these transactions.



•  Bachelor’s degree in business-related field and a minimum of 1 year’s related experience, or in lieu of a degree, a combined minimum of 5 years’ higher education and/or work experience, including a minimum of 1 year’s related experience.

•  Proficiency with personal computers as well as pertinent spreadsheet, word processing and email software.

•  Proven analytical skills.

•  Proven time management skills.

•  Proven verbal and written communications skills.

•  Detail-oriented.



•  Bachelor’s degree in Finance, Accounting, Economics, Mathematics or Statistics.

•  Understanding of Microsoft VBA (Visual Basic for Applications).

•  Ability to manage multiple, complex projects and prioritize workflow.

•  Ability to work individually as well as a member of a team.

•  Ability to interact with all levels of personnel.

•  Knowledge of pertinent Bank systems.

•  Understanding of SQL (Structured Query Language).

•  We encourage candidates with relevant military experience to apply.


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.


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'Relevant Military Experience is Desired'

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.