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Form of workOverview:
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:
The Model Risk Management Department ("MRMD") has the primary responsibility to manage the risk generated while using the Bank's Quantitative models, built to support Business needs or regulatory exercises. Models are built to simulate real processes, primarily to estimate potential outcomes under different conditions. Model Risk Governance & Operations is the team within MRMD that ensures that all models developed within the Bank adhere to its Policy, as well as follow established standardized practices/processes.
Department Responsibilities:
The Model Risk Governance & Operations MDP opportunity offers you an understanding on what defines a "model", how it is tiered based on inherent risk, how model shortcomings are handled, and how the shortcomings influence the approach for use of any model. Additionally, you will understand how a Bank's model inventory is managed, including the tactical processes involved in data aggregation and reporting. In this role, you will also get to interact with internal clients across the bank, including Credit Risk, Finance, Treasury, Marketing, BSA/AML, Consumer and Commercial Businesses, and the Wealth Business Unit. Additional responsibilities will include:
Understanding the job specific training relating to Model validation, as well as general training in banking, communication, and leadership, and in receiving personalized coaching and feedback. You will also develop a solid understanding of banking functions and stress-testing processes and operations.
Learning about overall Risk Management concepts, including Enterprise Risk Management, Risk Appetite, Independent Risk Management functions including Capital, Finance, Treasury Risk Management Oversight.
HOW YOU CAN GROW YOUR CAREER:
You will receive clear communication of objectives and periodic feedback on your performance from your manager relative to those objectives. Additionally, you will receive peer and sponsor feedback from group projects, facilitator feedback, and a year-end performance appraisal from your manager, all meant to help you develop into an analyst role. A career path within this team could include working towards a senior analyst role, and subsequently into a manager's position (if desired).
Primary Program Responsibilities:
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.
Education and Experience Required:
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
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:
The Model Risk Management Department ("MRMD") has the primary responsibility to manage the risk generated while using the Bank's Quantitative models, built to support Business needs or regulatory exercises. Models are built to simulate real processes, primarily to estimate potential outcomes under different conditions. Model Risk Governance & Operations is the team within MRMD that ensures that all models developed within the Bank adhere to its Policy, as well as follow established standardized practices/processes.
Department Responsibilities:
The Model Risk Governance & Operations MDP opportunity offers you an understanding on what defines a "model", how it is tiered based on inherent risk, how model shortcomings are handled, and how the shortcomings influence the approach for use of any model. Additionally, you will understand how a Bank's model inventory is managed, including the tactical processes involved in data aggregation and reporting. In this role, you will also get to interact with internal clients across the bank, including Credit Risk, Finance, Treasury, Marketing, BSA/AML, Consumer and Commercial Businesses, and the Wealth Business Unit. Additional responsibilities will include:
Understanding the job specific training relating to Model validation, as well as general training in banking, communication, and leadership, and in receiving personalized coaching and feedback. You will also develop a solid understanding of banking functions and stress-testing processes and operations.
Learning about overall Risk Management concepts, including Enterprise Risk Management, Risk Appetite, Independent Risk Management functions including Capital, Finance, Treasury Risk Management Oversight.
HOW YOU CAN GROW YOUR CAREER:
You will receive clear communication of objectives and periodic feedback on your performance from your manager relative to those objectives. Additionally, you will receive peer and sponsor feedback from group projects, facilitator feedback, and a year-end performance appraisal from your manager, all meant to help you develop into an analyst role. A career path within this team could include working towards a senior analyst role, and subsequently into a manager's position (if desired).
Primary Program 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 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.
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.
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.
- 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
