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Financial Advisor - 3DGXE in Lagrangeville, NY at M&T Bank

Date Posted: 6/5/2018

Job Snapshot

Job Description

Financial Advisor

Lagrangeville, NY

 

BASIC FUNCTION:
Serves as a fiduciary advisor under the M&T Securities unified model to provide an advice-based approach to financial solutions for an assigned book of business. Actively solicits new and existing investments and insurance solutions from mass affluent customer segment, primarily Retail and Business Banking. Works with Investment Advisors, Financial Advisors, Community partners, Wealth/WISD and Mortgage to deliver advice-based solutions and alternative investment and insurance solutions catered to the individualized needs of each customer and with the client’s best interest in mind.
POSITION RESPONSIBILITIES:
Based on individualized needs analysis, prepare recommendations for customized financial solutions to current and potential Bank customers and their portfolios, to meet their needs and with their best interests in mind; offer an array of products and services best suited to meet those needs; sell and close these independently. Profile customers and deliver recommendations to ensure these needs are met. Use sales tools and modules to conduct the analysis and offer the best advice and products and customer understanding of solutions in a moderately complex level of suitability within defined standard procedures, regulatory requirements and in support of the best interests of each customer.
Serve as a fiduciary under the unified model to deliver a diversified set of brokerage, investment and insurance and advice-based solutions with a Financial Planning mindset to meet the individualized investment needs of current and potential Bank customers for the mass affluent segment, utilizing experts in Financial Planning, Carriers, Wholesalers in Insurance and Managed Accounts, as necessary.
Utilize COIs (Centers of Influence) to offer a diversified set of solutions and full scope of investment products and services catered to the needs of the individual client to meet fiduciary standards.
Increase assets under management by offering investment and insurance solutions to clients and leveraging partnerships in Retail, Business Banking and Wealth to increase referrals.
Provide financial planning services by advising the customer on the advantages and disadvantages of different product decisions in alignment with their individual needs.
Coach and mentor less experienced Financial Advisors, Licensed Bankers and Business Banking staff to ensure quality investment and insurance referrals.
Meet or exceed established sales goals for assigned Market, while meeting individual client needs and complying with pertinent policies and regulations.
Maintain and build referral channel and develop strong partnerships with Retail branch, Business Banking and Wealth partners to ensure investment needs of current and potential customers in assigned Market and/or branches are met or exceeded.
Work with Retail, Business Banking, Community Bank and Wealth through ongoing account reviews and re-evaluation of customer needs.
Deliver a high quality customer service experience during each customer interaction through a complete understanding of sales process, policies and licensing requirements to contribute to the attraction, retention and expansion of client relationships.
Ensure accuracy in completing required paperwork to comply with standard procedures, regulatory requirements and firm policies.
Serve as a primary PIC (Supervisor/Person-in-Charge) to lead and manage customer relationships to bring the full spectrum of banking solutions to each client based on their individualized needs.
Regularly review customer information to ensure compliance with BSA (Bank Secrecy Act), AML (Anti-Money Laundering) and KYC (Know Your Customer) requirements to protect Bank interests. Address issues of non-compliance by requesting additional information from the client and updating the remediation tool in the appropriate system.
Maintain customer appointment activity log on a weekly basis, to substantiate advisory and referral activity; follow-up on activity levels of all products to meet or exceed expectations.
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.
NATURE AND SCOPE:
M&T Securities is a Broker Dealer that provides investments, brokerage and insurance solutions across the Wealth continuum. This position delivers individualized needs-based investment and insurance solutions to clients, primarily in the mass affluent segment of less than $3mm in investible assets. This position spends the majority of time growing the business through proactive sales activities driven first from an individualized analysis of each customer’s needs, and then recommending the products best suited to meet those individualized needs. As such, the position must stay current on operational, product, and system changes/enhancements, as well as demonstrate good risk management decisions to assist in managing client complaints and preventable losses.
MANAGERIAL/SUPERVISORY RESPONSIBILITY:
Provides guidance, training and oversight to less experienced personnel as required.
MINIMUM QUALIFICATIONS REQUIRED:
Associates’ degree and a minimum of 2 years’ investment or insurance sales experience, or in lieu of a degree, a combined minimum of 4 years’ higher education and/or work experience, including a minimum of 2 years’ investment or insurance sales experience.
FINRA Series 7, 63 and 65 or 66 licenses.
Pertinent state Life/Variable Insurance (LAH) licenses.
IDEAL QUALIFICATIONS PREFERRED:
Previous trust/fiduciary product, Financial Planning, Managed Accounts or insurance experience.
CFP (Certified Financial Planner), CLU (Chartered Life Underwriter) and/or ChFC (Chartered Financial Consultant) designation.
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. 

 

 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.