M & T Bank Derivative Operations Analyst II in Buffalo, New York

Description:!*!Derivative Operations Analyst IIOne M&T Plaza - Buffalo, New York FUNCTION:Provides analytical and operational support for Interest Rate Derivatives executed by Treasury Capital Markets as well as liability instruments executed by Treasury Portfolio Management group, ensuring strict adherence to established internal policies and external regulations. POSITION RESPONSIBILITIES:Process Interest Rate Derivative transactions received from the Capital Markets Front Office inputting customer and trade detail in the Derivatives system of record and including documenting the Bank s commercial customer with strict adherence to the Bank s customer identification procedure (CIP) as well as Treasury Operations customer setup procedures to comply with pertinent regulatory requirements. Process Interest Rate Derivative transactions by building the transaction in the system of record as well as creating and delivering the Trade Confirmation to the commercial counterparty including the receipt of a fully executed confirmation. Process Interest Rate Derivative payments. Create daily payment confirmation summaries, confirming all outgoing payments with street counterparties while researching and resolving any differences prior to settlement. Process payments according to their prescribed payment method. Process principal and interest payments for the Bank s liability portfolio. Create monthly payment confirmation summaries according to type of liability, confirming all outgoing payments with street counterparties while researching and resolving any differences prior to settlement. Process payments according to their prescribed payment method. Completeregulatory reportingthat is submitted to the Swap Data Repository (SDR) for Interest Rate Derivatives in accordance with Dodd-Frank Act Data recordkeeping and reporting requirements.Complete simple ad-hocanalysisoract as Subject Matter Expert (SME) on an as needed basis according to Department, Division or Bank needs.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:Derivative Operations, part of Treasury Operations, directly supports the Treasury Division s Capital Markets department which offers interest rate risk hedging products to the Bank s commercial loan customers. Derivative Operations is responsible for processing trades executed by the Capital Markets group with the Bank s commercial loan customers as well as trades done on behalf of the Bank for its own hedging purposes. In addition to supporting Capital Markets, Derivative Operations supports liability transactions issues by the Treasury Portfolio department on behalf of the Bank. In executing liability transactions and hedging instruments, it is important for the area to enforce regulatory compliance, confirm and verify settlements with counterparties, reconcile general ledger accounts and depository positions, execute transactions within time-critical windows controlled by the industry, accurately confirm trades and collect funds when due and ensure data integrity and system access controls are in place. Key internal clients include Commercial Banking and the Treasury Division. This position specifically supports the timely and accurate processing of these transactions. MINIMUM QUALIFICATIONS REQUIRED:Bachelor s degree in business-related field and a minimum of 1 year related experience, or in lieu of a degree, a combined minimum of 5 years higher education and/or work experience, including a minimum of 1 year related experience.Proficiency with personal computers, including the Microsoft Office Suite - Word, Excel, Powerpoint, Access and OutlookProven analytical skills.Proven time management skills.Proven verbal and written communications skills.Detail-oriented. IDEAL QUALIFICATIONS PREFERRED:Bachelor s degree in Finance, Accounting, Economics, Mathematics or Statistics.Understanding of Microsoft VBA (Visual Basic for Applications).Ability to manage multiple, complex projects and prioritize workflow.Ability to work individually as well as a member of a team.Ability to interact with all levels of personnel.Knowledge of pertinent Bank systems.Understanding of SQL (Structured Query Language) ABOUT M&T At M&T, we strive to be the best place our employees ever work, thebest bank our customers ever do business with and the best investmentour 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 bestperforming regional banks in the country, we offer a wide range ofperformance based career development opportunities for talentedprofessionals. And through our longstanding tradition of careful,conservative and consistent management and a strong commitment to thecommunities we serve, we continue to grow with a focus on the future. Apply today atwww.mtb.com/careers! Job:TreasuryLocation: New York-BuffaloRequisition ID: 3DCIT