M&T Bank Corporation

Wealth Senior Client Portfolio Manager

M&T Bank Corporation • $97K — $161K *
Syracuse, NY 13210In-Person
Finance & Insurance
Less than 5 years of experience
2 weeks ago
Job Overview by Ladders

Qualifications

  • Bachelor's degree with 3 years investment experience, or 7 years relevant work experience without a degree.
  • Comprehensive understanding of portfolio management and investment strategies.
  • In-depth knowledge of trading procedures and investment platforms.
  • Ability to evaluate situations using multiple information sources.
  • Proficient in exchanging complex information effectively.

Responsibilities

  • Manage DME accounts, coordinating tax budgets and executing trades per the transition plan.
  • Oversee entire portfolios, ensuring alignment with targeted multi-asset class strategies.
  • Proactively place trades and monitor portfolio tracking errors based on the transition plan.
  • Communicate trade activities promptly to Investment Advisors.
  • Handle complex clients with specific constraints and considerations in their trust language.
  • Adhere to risk and regulatory standards, escalating issues as needed.
  • Maintain internal control standards, addressing audit points and regulatory concerns.

Benefits

  • Promotes an inclusive environment reflecting the M&T Bank brand.
  • Opportunities for professional development and advancement.
  • Access to resources for maintaining competitive industry knowledge.
Full Job Description
Overview:

Provides portfolio management (trading) services across a large number of more complex accounts (estimated at 300 Investment Policy’s and over 1 Billion in AUM) to transition portfolios toward Wilmington Trust’s best thinking.  Works with Investment Advisor to understand objectives, constraints, and tax budget of portfolio and proactively communicates with Investment Advisor, making them aware of trades when they occur, by making critical decisions on how to marry Wilmington Trust’s best thinking with the client’s unique needs

Primary Responsibilities:

  • Manage Desktop Managed Equity (DME) accounts by coordinating with Investment Advisor on appropriate tax budget, targeting specific Wilmington Trust Equity strategy, and implementing trades in a timely manner throughout the year in accordance with transition plan.  Collaborate with Investment Advisor on decision making process, marrying firm’s best thinking with client needs.

  • Portfolio Manager can also manage entire portfolio to make trades to move towards appropriate target multi asset class strategy set by the Investment Advisor and client.

  • Proactively manage the client’s accounts by placing trades and monitor tracking error in portfolios in accordance with transition plan.

  • Track trades and provide timely communication with Investment Advisors.

  • May work with more complex relationships that have multiple constraints, restrictions, or considerations needed given trust language or existing positions.

  • 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:

Primarily on unit

Education and Experience Required:

  • Bachelors' degree and three years related work experience, or in lieu of degree, 7 years’ relevant professional work experience, with a minimum of 3 years’ investment experience.

  • Comprehensive understanding in discipline.

  • In depth knowledge of trading procedures, investment platform, and implementing firms best thinking.

  • Evaluates situations using multiple sources of information.

  • Inputs to decisions within own discipline.

  • Exchange complex information.

Education and Experience Preferred:

  • CFA, progress toward CFA, or CIMA preferred.  Bachelor's degree and a minimum of 4 years’ investment experience, or in lieu of a degree, a combined minimum of 9 years’ higher education and/or work experience, including a minimum of 4 years’ investment experience.

  • Comprehensive investment and industry knowledge.

  • Proficient personal computer skills with solid knowledge of Microsoft Office.

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $97,100.00 - $161,800.00 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.

Location:
Syracuse, 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
Finance & Insurance
Net Income
$1.3 billion
Founded
1868
5 Year Trend
+0.2%
NASDAQ
MTB
* Ladders Estimates

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