M&T Bank Corporation

Head of Private Bank

M&T Bank Corporation$230K — $428K *
Finance & Insurance
11 - 15 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree with 15 years in private banking or related field; or 19 years combined education/work experience with 15 years in leadership roles.
  • At least 6 years of sales management experience with proven sales success.
  • Significant experience in supervising or mentoring teams.
  • Extensive knowledge in banking credit principles and underwriting complex transactions.
  • Strong verbal, written, and interpersonal communication skills.
  • Demonstrated effectiveness in relationship management.
  • MBA or financial certifications like CFP or CPA preferred.

Responsibilities

  • Lead the Private Banking business, aligning Commercial Bank and Wealth Advisory Services.
  • Manage high net worth client relationships through teams of Private Banking Relationship Managers.
  • Establish a sales process to ensure consistent, compliant client interactions.
  • Monitor competitive trends to enhance product offerings and maintain profitability.
  • Collaborate with internal teams for product support and exceptional client service.
  • Oversee training and development, emphasizing succession planning within Private Banking.
  • Represent the Bank in community activities to enhance corporate image and attract clients.

Benefits

  • Comprehensive training and development programs.
  • Succession planning and opportunities for career advancement.
  • Access to a complete range of banking and custom credit solutions.
  • Supportive work environment reflecting company values of inclusion.
  • Engagement with civic and community activities to build relationships.
Full Job Description
Responsible for overall leadership of the Private Banking business in serving as the bridge between the Commercial Bank and Wealth Advisory Services to meet personal banking needs of our shared clients. Manage the Company's Private Banking business in meeting the unique financial needs of high net worth customers while growing net interest and fee income through managed teams of Private Banking staff. Manage the annual budget for the business. Establish a vision and set goals for the business ensuring the team achieves the desired outcomes. Responsible for developing and managing client relationships through teams of Private Banking Relationship Managers in providing customers individualized financial solutions that meet their unique needs. Establish and manage the sales process for the teams of Private Bankers directly and through the Private Banking leadership team to ensure a consistent and professional approach with clients, while maintaining compliance with applicable regulations. Maintain currency of competitive private banking product trends and options to ensure the development and enhancement of products needed to stay competitive and maximize growth. Ensure these products are priced competitively, while yielding appropriate profit targets. Work with other areas within the Bank to ensure the requisite support for products, operations and client service infrastructure that supports the unique demands of highly sophisticated Private Banking clients. Work with Marketing to produce appropriate marketing materials, client mailings and promotional campaigns to support successful growth of the business. Oversee all training and development within the Private Banking, including succession planning and building bench strength within the group. Represent the Bank in civic and community activities to enhance the Company's image, while seeking opportunities to attract new clients and expand existing relationship. 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. Design, implement, maintain and enhance internal controls to mitigate risk on an ongoing basis. 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. Private Banking offers high net worth clients with our Premier Banking services as a professional and convenient way to handle all financial matters. Relationships are managed by a dedicated Private Banker who provides strategic advice, highly personalized service and access to a complete range of banking and custom credit solutions including deposit products, construction/permanent mortgages, liquid, secured lines of credit, marine financing, home equity lines of credit and jumbo mortgages. Private Banking customers are generally defined as having investible assets of $25 m and higher. This position oversees negotiations for all transactions handled by the team and negotiates structure and approves loans and terms within lending limits. The position has overall responsibility for risk management, staff development and sales management within Private Banking. Bachelor's degree and a minimum of 15 years' experience leading a private banking department or related department with deep expertise in retail and commercial loan origination and underwriting and knowledge of sophisticated retail, commercial and investment products, or in lieu of a degree a combined minimum of 19 years' higher education and/or work experience, including a minimum of 15 years' experience leading a private banking department or related department with deep expertise in retail and commercial loan origination and underwriting and knowledge of sophisticated retail, commercial and investment products Minimum of 6 years' sales management experience, with proven track record of sales achievement Significant supervisory and/or mentoring experience Deep knowledge of banking credit principals and underwriting complex credit transactions Excellent verbal and written communication skills Outstanding interpersonal skills Strong relationship management skills Masters' degree in Business Administration (MBA) Certified Financial Planner (CFP), Certified Public Accounting (CPA) or similar designation #LI-LA1 #WT M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $230,600.00 - $428,200.00 Annual (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation. Location New York, New York, United States of America

About M&T Bank Corporation

M&T Bank is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, operates banking offices in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia. Trust-related services are provided by M&T's Wilmington Trust-affiliated companies and by M&T Bank. M&T Bank traces its origins to the founding of Manufacturers and Traders Bank in Buffalo, New York. As a result of mergers, acquisitions, and name changes, M&T Bank Corporation's principal bank is now known as Manufacturers and Traders Trust Company or M&T Bank. M&T Bank reorganized under a bank holding company in 1969 called First Empire State Corporation. The name was changed in 1998 to M&T Bank Corporation, whose common stock is listed on the New York Stock Exchange and trades under the symbol "MTB."

M&T Bank Corporation Careers

Join the vibrant team at M&T Bank Corporation, a leading financial institution where innovation meets tradition, offering a plethora of job opportunities across various sectors. As one of the most respected banks in the nation, M&T Bank Corporation is the perfect place to jumpstart or advance your career in the financial services industry.

Work You’ll Do

At M&T Bank Corporation, you will be part of a culture that cherishes diversity, leadership, and professional growth. Engage in work that makes a real difference in the community while fostering your career development through comprehensive training programs and diverse learning opportunities.

Innovate and Lead

Embrace the chance to work on projects that integrate cutting-edge financial technologies with robust, traditional banking practices. M&T Bank Corporation is at the forefront of the financial industry, offering innovative solutions that redefine banking standards. Our leadership in the market is driven by a commitment to excellence and continuous improvement.

Career Growth and Opportunities

Whether you are looking for an entry-level position or a more senior role, M&T Bank Corporation provides a dynamic pathway for career advancement. With a variety of job opportunities ranging from internships to full-time positions, you can find the perfect match for your skills and ambitions. Our team is dedicated to helping you navigate your career path with tailored development plans and leadership training.

Join Our Team

Explore job opportunities and join a team that values hard work, creativity, and strategic thinking. M&T Bank Corporation is hiring professionals who are passionate about finance and eager to contribute to a team-oriented environment. Enhance your skills through hands-on experience and ongoing professional development.

Networking and Professional Development

At M&T Bank Corporation, networking and professional development are part of our DNA. Connect with industry leaders, participate in high-impact networking events, and take advantage of our mentorship programs. Our employees benefit from a supportive network that boosts their career trajectories and fosters meaningful professional relationships.

Benefits and Culture

Enjoy a comprehensive benefits package that supports both your professional and personal life. M&T Bank Corporation offers competitive salaries, health benefits, and retirement plans designed to ensure the well-being of our team members and their families. Experience a supportive and inclusive culture where every employee is valued and given the opportunity to thrive.

How to Apply

Ready to take the next step in your career? Visit the M&T Bank Corporation Careers page to browse current openings, submit your resume, and prepare for your interview. We are excited to see how your skills and ideas can contribute to our continued growth and success.

Stay Connected

Keep up to date with the latest from M&T Bank Corporation by following our careers blog. Gain insights from our experts and stay informed about new job openings and upcoming networking events. Join M&T Bank Corporation today and be part of a team that is dedicated to growth, innovation, and leadership in the banking industry. Your future starts here!
Learn more about M&T Bank Corporation
Size
17,115 employees
Market Cap
$25.2 billion
Industry
Net Income
$1.3 billion
Founded
1868
5 Year Trend
+0.2%
NASDAQ

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