** This is a hybrid position requiring in-office work three days every week. Ideally, it will be based in Buffalo, NY but may be in an another M&T office within footprint, such as Baltimore, MD, NYC, NY, Boston, MA, Wilmington, DE, or Washington, DC.

Overview:

Leads a team within Corporate Treasury that directs strategic management and trading for the bank’s Derivatives Portfolio and MSR Hedging. This position will be responsible for leading the build-out of the MSR Hedging Program at the bank. Effectively communicates financial market conditions to senior management. Uses knowledge of asset/liability management philosophies and works collaboratively across the organization to develop, recommend, execute and communicate strategies that achieve management's objectives for risk appetite and balance sheet management positioning.  Performs advanced research, analysis and modeling of financial market opportunities and strategies.  Monitors portfolio positions and their contributions to consolidated risk assessments and accounting results. Works across the organization to communicate strategies and their effect on balance sheet management strategies and corporate performance.  Maintains and develops control frameworks consistent with operational risks.  Develops the strategic plan and sets goals for the unit. 

Primary Responsibilities:

• Manages a Bank Portfolio team/function. Provides leadership and guidance to staff, fostering an environment that encourages employee participation, teamwork and communication
• Takes a leadership role in developing interest rate risk and other balance sheet management strategies, leading to strategic recommendations
• Review daily MSR reports and develop daily, monthly, and quarterly hedge strategy accounting for markets and within market & credit risk limits
• Monitor intraday market movements and corresponding MSR risk, while execute trades opportunistically based on hedge strategy
• Works independently and is able to develop detailed execution strategies.
• Actively participates at the Corporation’s Asset/Liability Committee  
• Manage internal compliance with MRMD and ensure compliance with model oversight governance.
• Assist in managing all interactions with the second line of defense and internal audit
• Participates in developing the team’s strategic plan and sets goals and priorities based on the direction set for the unit; follows through to ensure that objectives are met
• Work with multiple stakeholders across Treasury, Compliance, Finance, Legal, Operations, Secondary Mortgage, Audit, Risk to achieve business unit objectives
• Lead and coordinate new products initiatives as recommended by the team
• Leads other strategic projects as directed
• Seasoned expert with extensive technical and/or business knowledge and functional expertise
• Conduct analysis for the effective challenge process relating to specific disciplines described.
• Ensure processes and procedures for governance are appropriate and regulatory and reputation risks are minimized
• Provide review of DFAST and CCAR submissions related to the specific portfolio disciplines above
• Ensures compliance with all policies, guidelines, and regulatory standards (Board, ALCO, Volker, Regulation WW
• Carries out complex initiatives involving multiple disciplines and/or ambiguous issues

• Conduct due diligence and ongoing integration analysis of acquisitions from a Treasury perspective relating to the specific disciplines above
• Exercise usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, performance management and terminations
• Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite
• 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 Derivatives portfolio is a significant component of the Bank’s balance sheet risk management function. . In carrying out the responsibilities, the position must interact and build relationships with members of executive management, Operations, Finance, Corporate Finance, Mortgage Division, Tax, Legal, investment bankers, vendors and occasional informational/educational meetings with bank customers. The position prepares and provides presentations to executive management and risk governance committees.  Develops portfolio management frameworks and strategies that are aligned with the risk appetite and to