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Lead Treasury Analyst Trader - 3DHMW in Buffalo, NY at M&T Bank

Date Posted: 3/29/2018

Job Snapshot

Job Description

Lead Treasury Analyst Trader Buffalo, NY  
 
 
BASIC FUNCTION:
Assists in the day-to-day management of the Corporation’s fixed income security and wholesale liability portfolios to maintain appropriate on-balance sheet liquidity and interest rate risk.

POSITION RESPONSIBILITIES:
Research, analyze and propose relative value investment and funding trade ideas within policy limitations to senior management. Assist in managing the Corporation’s fixed income security portfolio by executing tactical trading, analytics and reporting on the portfolio, modeling and analyzing agency Mortgage-Backed Securities (MBS), Collateralized Mortgage Obligations (CMO) and other securities for use in senior management decision-making process, monitoring and opining on MBS, specified pools, coupon swaps, agency swaps and 30 versus 15 year relationships and making specific trade recommendations, all within defined parameters and management approval.
Assist in managing the retained residential mortgage portfolio, including coordinating efforts or conducting analyses on Return on Equity (ROE), Return on Assets (ROA), pricing, appropriate Risk Committee participation, Key Risk Indicator (KRI) development, prepayment analysis and securitization analysis to ensure senior management awareness of significant issues or changes in tactics or strategy.
Assist in managing the Corporation’s wholesale liability portfolio by executing wholesale funding trades, analyzing funding sources (i.e. short-term money market, repurchase agreement, brokered deposits, Federal Home Loan Bank (FHLB) advances and debt issuance) and reporting activity to senior management to ensure their awareness.
Assist in management of the Bank-owned life insurance portfolio, including coordinating periodic committee meetings and working with insurance companies, administrators, trustees and investment managers. Responsible for generating performance and other KRI reporting, financial analysis, vendor and contract review to ensure senior management awareness of significant issues or changes in tactics or strategy.
Monitor and understand regulatory, financial market and other developments in the financial services industry specific to fixed income markets and prepare summaries for senior management to ensure their awareness of significant issues or changes, as appropriate. Maintain current familiarity with relevant regulatory material including the Liquidity Coverage Rule (LCR), Volcker rule and the standardized approach for Basel III capital, including risk-weightings of securitizations to support activities.
Develop presentations in an understandable manner for use in conveying key elements of fixed income and wholesale liability portfolio management process and strategy to senior management, ALCO (Asset Liability Management Committee) and ICC (Investment Credit Committee).
Work with outside parties, including brokers, bankers, rating agencies, trustees and other 3rd party vendors to assist in managing the fixed income and wholesale liability portfolios.
Author written commentary on economic, financial markets and regulatory issues and trends affecting the management of the fixed income security and wholesale liability portfolios.
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:
The discretionary portfolio is a significant component of the Bank’s balance sheet risk management function, as it is the primary vehicle through which interest rate and liquidity risks are managed. As such, the position supports management in the design and tactical implementation of discretionary portfolio initiatives.
The position interacts with other areas within the Bank, both within and outside Treasury, including Credit, Finance and Operations to communicate market information and portfolio performance.
The position also interacts with the Wall Street dealer community as required to assist in managing the fixed income and wholesale liability portfolios.

MANAGERIAL/SUPERVISORY RESPONSIBILITY:
Provide guidance and training to less experienced personnel and serve as lead on group projects/portfolios
Fixed Income Security Portfolio $16 bn
Wholesale Liability Portfolio $ 9 bn
Retained Residential Mortgage Portfolio $24 bn
Bank Owned Life Insurance Portfolio $1.5 bn
Position responsibility covers a portion of the above amounts

MINIMUM QUALIFICATIONS REQUIRED:
Bachelor’s degree in business or mathematical field or related field and a minimum of 5 years’ buy or sell-side capital markets and/or fixed income experience with extensive knowledge of mortgage backed securities, or lieu in of a degree, a combined minimum of 9 years’ higher education and/or work experience, including a minimum of 5 years’ buy or sell-side capital markets and/or fixed income experience with extensive knowledge of mortgage backed securities.
Strong knowledge of Windows and pertinent spreadsheet software.

IDEAL QUALIFICATIONS PREFERRED:
Master’s degree in Business Administration (MBA) or Chartered Financial Analyst (CFA).
Prior Treasury analyst and/or trading experience.
Proficient in use of spreadsheet, database, graphing, presentation and department specific software, with a strong working knowledge of financial models.
Visual Basic for Applications (VBA) or similar expertise.
Previous experience with Bloomberg and portfolio management/bond modeling software such as Intex, YieldBook or Blackrock GreenPackage.
Strong analytical skills, including thorough understanding of stochastic model output (i.e. OAS, OAD, OAC) and nuances of interest rate and prepayment modeling.
Proficient in financial products pricing/ fair value measurement theory.
Current knowledge of a variety of fixed income instruments, including corporate, agency, government, asset and mortgage backed securities and derivatives.
Strong verbal and written communication skills.
Cross-functional collaboration skills.
Detail-oriented.
Strong organizational skills.
Strong analytical, project management and problem-solving skills.
Ability to provide guidance to less experienced analysts.
Familiar with relevant regulatory material including the LCR, Volcker rule and the standardized approach for Basel III capital, including risk-weightings of securitizations.
We encourage candidates with relevant military experience to apply.

PHYSICAL REQUIREMENTS:
Ability to sit at a computer monitor for extended periods of time
Ability to complete repetitive finger, hand, and arm movements
Ability to lift up to 15 lbs.
Ability to effectively discern information and formulate appropriate action
Ability to reach, squat, bend, and manually manipulate standard office equipment
Ability to think critically and provide appropriate solutions

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.