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Product Mgr I in Buffalo, NY at M&T Bank

Date Posted: 11/15/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Buffalo, NY
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    11/15/2018
  • Job ID:
    3DLT0

Job Description

BASIC FUNCTION:
Responsible for the profitability and strategic direction of multiple product lines sold through the Retail channels. Ensures product/services are marketable, profitable and comply with legal and regulatory requirements.  This position will have a focus on all aspects of the product credit lifecycle including originations, account management and collections. 

POSITION RESPONSIBILITIES:
Develop a thorough understanding of the assigned product lines and their functions, processes, and operations.
Combine technical understanding with business knowledge to anticipate impacts of strategy and process change.
Understand product cost structure and integrate it into the annual plan and ongoing forecasts.
Build and maintain relationships with external vendors to optimize assigned products and customer servicing.
Ensure product complies with legal or regulatory requirements.
Manage all aspects of new product implementation and existing product modification to include but not limited to the design and development of services; act in a liaison capacity with affected departments.
Review new developments in consumer lending industry, evaluating and recommending new services or new products, or the modification of existing services or products.
Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite. Design, implement, maintain and enhance internal controls to mitigate risk on an ongoing basis. Identify risk-related issues needing escalation to management.

NATURE AND SCOPE:
The incumbent has extensive contact with other bank departments and external vendors for the effective and profitable management and enhancement of existing products.

MANAGERIAL/SUPERVISORY RESPONSIBILITY:
The position is not responsible for managing a staff.

MINIMUM QUALIFICATIONS REQUIRED:
Bachelor’s degree (or Master's) in Finance, Accounting, Business Management or a related field
Strong interpersonal and analytical skills
Highly organized with an ability to multi-task
Demonstrated ability to work as part of a team, as well as contribute as an individual
Outstanding verbal and written communication skills
Demonstrated leadership skills

IDEAL QUALIFICATIONS PREFERRED:
Credit, risk or collections experience preferred
Project Management skills
Product management experience preferred
Strong developmental and research ability
Knowledge of software programs utilized by department.
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 our 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.