Overview:
Serves as a member of the Management Development Program (MDP) and participates in ten weeks of Core Training and one year of On-the-Job (OJT) training. Core Training responsibilities include participation in classroom training, observations of departmental presentations, interaction with senior management, peer networking, and working in teams on two group project assignments. OJT responsibilities vary by department and are assigned by the department manager. The position may be responsible for additional projects as assigned by the department manager or Leadership Development Manager-MDP.
Department Description:
Provides relationship management and fiduciary advisory services to corporate retirement accounts, concentrating on mid- to large-size, complex advisory relationships.
Department Responsibilities:
Lead interactions with mid- to large-size, complex clients, over the phone or on-site, to present and discuss investment advice, investment reviews, plan reviews, participant education strategies, plan design features, fee benchmarking and third-party service provider reviews as requested.
Support new business development by assisting with completion of Requests for Proposal (RFPs) and presentations.
Oversee transition and conversion of assets to new third party service provider, including collection of required documents and contracts. Facilitate ongoing communication with third-party service providers.
Complete assigned account reviews in a timely manner and maintain client communications on regulatory, legal, accounting, fiduciary and ERISA matters.
Confirm with recordkeeper that all required paperwork is in place for payment of our services.
Remain current on industry trends and understand regulatory items as they occur, or as communicated by management. Understand the competition.
Ensure activities adhere to Division, client and alliance service standards.
Participate in departmental projects and corporate initiatives on a periodic basis.
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.
HOW YOU CAN GROW YOUR CAREER :
Certifications in the Industry - CEBS, QKA, CFA
Primary Responsibilities:
Participate in and complete a one-year long, non-rotational training program while creating and adding value to assigned department. Receive job specific training, general training in banking, communication and leadership, and personalized coaching and feedback. Performance measures may include several objective test scores, peer and sponsor feedback from group projects, facilitator feedback, Leadership Development Manager-MDP feedback, Department Manager feedback, final assessment score, and year-end performance appraisal from Department Manager and Leadership Development Manager-MDP.
Core Training - Participate in ten weeks of training throughout the one-year assignment to learn banking, basic financial skills, technical skills, and leadership/interpersonal skills. Develop a solid understanding of banking functions, processes, and operations.
Group Projects - Participate in two group project assignments, working with a team of their peers to build relationships within their teams as well as with project sponsors, internal and external contacts, and senior management. Teams make a presentation to senior management at the conclusion of each project providing recommendations and potential project solutions.
On-the-Job Training - The fundamental skills taught in core training are combined with On-the-Job training based on the incumbent's assignment. Job specific training teaches departmental policies, procedures, systems, and products. Upon completion of MDP, all incumbents attain basic skills necessary to become entry-level professionals and/or managers in their assigned department.
Complete tasks in a manner that are compliant with applicable laws and regulations and/or that serve to help the Company be in compliance with laws and regulations that apply to the business line the position supports.
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 belonging 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.
Scope of Responsibilities:
The Management Development Program is a non-rotational, one-year training program for recent college graduates where participants learn sales, accounting, project management and leadership skills depending upon their career track. Various methods of training include classroom study, divisional orientations, and teamwork on group projects. These fundamentals are coupled with on-the-job training to allow for immediate application in the area for which the participant has been hired.
Supervisory/ Managerial Responsibilities:
Not Applicable.
IDEAL QUALIFICATIONS:
Basic understanding of investments
Knowledge of the Retirement Plan market landscape, including optimizing 401(k) retirement plan design based on thorough analysis of business entities across a variety of industries
Education and Experience Required:
Bachelor's Degree candidate at a school where M&T Bank recruits MDPs (or an MBA student with no work experience).
Outstanding academic credentials (GPA of 3.0 or better).
Up to 1 years' work experience.
Outstanding written and verbal communication skills.
Strong level of proficiency in use of personal computers and software packages, such as word processing, and spreadsheet and presentation software
?Problem resolution skills
Resource management skills
Strong decision-making skills
Risk management-focused
Demonstrated interpersonal skills.
Demonstrated analytical skills.
Demonstrated computer skills.
Demonstrated presentation skills.
Demonstrated leadership abilities.
Work/internship experience.
Work Visa Sponsorship not offered for this role
M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $29.57 - $43.99 per hour. The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation. The range listed above encompasses all geographic locations. The pay rate specific to your location will fall within this range and is available from your recruiter.
Location:
Buffalo, New York, United States of America
M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer, including disabilities and veterans.
