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Investment & Insurance Product Manager - 3DF8U in Buffalo, NY at M&T Bank

Date Posted: 2/8/2018

Job Snapshot

Job Description

Investment & Insurance Product Manager M&T Insurance Buffalo, NY  
BASIC FUNCTION:
Responsible for the management of multiple product lines (Annuities, Life Insurance, Mutual Funds, Market Linked CDs, UIT's) and services for Wealth & Institutional Services/M&T Securities to include product needs assessment, due diligence, design, development and implementation. Ensure product/services are marketable, profitable and comply with legal and regulatory requirements.   Position Responsibilities
Continuous review of current approved product menu and recommendation of products for addition/removal to the approved product menu to meet client needs.
 
Understand cost structure for multiple investment and insurance product lines, as well as understand and manage product risk. Ensure product complies with legal and regulatory requirements. Responsible for product financials, including revenue planning and product profitability.
 
Manage all aspects of new product implementation, adoption and existing product modification to include but not limited to the design and development of rollout; act in a liaison capacity with affected departments.
 
Review new developments in financial markets, evaluating and recommending new services or new products, or the modification of existing services or products. Maintain an awareness of new trends and developments in financial services and company products and services.
 
Establish product objectives; work with other sales and other bank departments to develop effective programs to sell services/products.
 
Evaluate new product/services success; recommend changes in service or positioning as well as marketing strategy.
  
The position is responsible for managing multiple product lines for Wealth & Institutional Services/M&T Securities.  
 
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.
 
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.
 
Perform other duties as assigned by management.

NATURE AND SCOPE:
The position is responsible for managing multiple product lines for Wealth & Institutional Services/M&T Securities.  
The incumbent has extensive contact with internal and external contacts for the effective and profitable implementation and marketing of new products and the enhancement of existing products.
MINIMUM QUALIFICATIONS REQUIRED:
Bachelors degree or equivalent in work experience.
 
Minimum six years financial services experience with responsibility for a specific large product or multiple small products.
 
Five to seven years managerial/project management experience.
 
Investment & Insurance product sales or support experience

IDEAL QUALIFICATIONS PREFERRED: FINRA Series 7
State Life, A&H License
 
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.