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MTS Brokerage Operations Manager III - 3DJ5J in Buffalo, NY at M&T Bank

Date Posted: 6/27/2018

Job Snapshot

Job Description

M&T Securities Brokerage Operations Manager lll

Buffalo, NY

 

 

THE OPPORTUNITY: 

Manager of a team targeted to support the strategic growth of M&T Securities, Managed Account business. Design and implement staffing models as well as policies and procedures to support the Managed Account team. Primarily focused on supervisory duties; however, the manager is often still involved in reviewing/approving work of the team and jumping in for coverage when necessary.  Responsible for the management and coordination of assigned staff within the MTS Brokerage Shared Services organization.  Supervises a team of professionals which may include some managers and provides technical, functional and operational support within MTS Brokerage Shared Services.  Application of analytical, financial services industry,  technical, or accounting/financial management concepts. Provides support in the form of transactional processing, risk and control monitoring, reconciliation, problem resolution research. Responsibility and independent  latitude for  problem research and analysis. Responsible for coaching and developing staff.  Must have strong decision making, communication, and partnerships capabilities and own results.  Management/supervisory responsibility scope to be applied to a single large & complex functional group or multiple functions of related processes.

 
POSITION RESPONSIBILITIES:

Responsible for the management and coordination of assigned units within the MTS Brokerage Shared Services organization.  Supervises a team of managers and/or professionals and provides technical, functional and operational expertise in the various areas of responsibility within MTS Brokerage Shared Services.
Application of a significant range of analytical, financial services industry, technical, or accounting/financial management concepts. Provides support in the form of transactional processing, risk and control monitoring, reconciliation, problem resolution research, management reporting and analysis. Responsibility and independent  latitude  for  complex problem research and analysis. Leadership in the development or enhancement of new service offerings and process changes. Application of critical behaviors and skills consistent with managerial/supervisory responsibilities such as facilitating change, coaching and developing, decision making, communication, building partnerships and owning results.  Management/supervisory responsibility scope to be applied to multiple functional group or set of related processes.
Licensed supervision of critical daily activities within Brokerage Operations unit to meet requirements of FINRA rule 3110(c)(2) and 3112 regarding the review and monitoring of specified activities to include but not limited to safeguarding of customer funds and securities, maintaining books and records, supervision of supervisory licensed personnel, transmittal of funds and securities from customers to third party accounts; from customer accounts to outside entities; from customer accounts to locations other than a customer’s primary residence; and between customers and registered representatives, including the hand-delivery of checks, and changes of customer account information, including address and investment objectives changes, and validation of such changes.
Supervise and coordinate other daily activities as defined by FINRA as “covered” back office functions (FINRA Rule 1230(b)(6) to include but not limited to: monitoring department work queues related to client on-boarding, financial control, maintenance, reinvestment and disbursement of funds through trading, daily reporting and approvals, as well as management reporting to identify trends and resolve discovered issues. 



NATURE AND SCOPE:

Responsible for end results and input to planning, finances and policies primarily on a department.


MINIMUM QUALIFICATIONS REQUIRED:
Bachelor’s Degree and a minimum of 4 years operations/industry experience, or in lieu of a degree, a combined minimum of 8 years higher education and/or work experience, included a minimum of 4 years operations/industry experience.
Minimum five years supervisory/management experience.
Knowledge of process improvement methodology and business process management techniques
Excellent verbal and written communication skills.
Strong interpersonal skills necessary for business partner relationships within and outside organization.

Ability to obtain the FINRA Series 7 within 6 months

Ability to obtain the FINRA Series 24 within 12 months
IDEAL QUALIFICATIONS PREFERRED:
Master’s Degree

FINRA Series 99
Ability to work individually as well as a member of a team.
Self-motivated, well-organized individual.
Ability to work under time constraints.
Ability to handle multiple tasks in support of various assignments.
Ability to function professionally at many different levels (clients, management, and peers).
Knowledge of applicable products, systems and workflows.
Proficient in software utilized in department to include Microsoft Office.
Knowledge of bank strategic vision and mission with ability to link specific department/division mission.
Knowledge of bank-wide policies and procedures and responsible area.
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.