Treasury Interest Rate Derivatives Trader Lead (Hybrid)

*** Work Arrangement: This will be a hybrid position (working in-office 3 days/week & remotely 2 days/week). Ideally, this will be based in NY, NY but may be located in Buffalo, NY, Washington, DC, Baltimore, MD, Bridgeport, CT, Wilmington, DE, or Rochester, NY.
Overview:
Assists in daily management of the Corporation's derivatives, fixed income security and wholesale liability portfolios to maintain appropriate on-balance sheet liquidity and Interest Rate risk.
Primary Responsibilities:

• Assists in managing the Bank's Interest Rate Derivatives Portfolio, including Interest Rate Swaps and Options, and the related Hedge Accounting considerations.
• Research, analyze and propose relative value trade ideas within policy limitations to senior management.
• Develop presentations to convey key elements of portfolio management process and strategy to senior management, Asset Liability Management Committee (ALCO) and Investment Credit Committee (ICC).
• Author written commentary on economic, financial markets and regulatory issues and trends affecting management of fixed income security and wholesale liability portfolios.
• Monitor and understand regulatory and financial markets and other financial services industry developments specific to fixed income markets and prepare summaries for senior management to ensure awareness of significant issues or changes, as appropriate. Maintain current familiarity with relevant regulatory material including the Liquidity Coverage Rule (LCR), Volcker rule.
• Work with outside parties, including brokers, bankers, rating agencies, trustees, and other third-party vendors.
• 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 discretionary portfolio is a significant component of the Bank's balance sheet risk management function, as it is the primary vehicle through which Interest Rate and liquidity risks are managed. As such, the position supports management in the design and tactical implementation of discretionary portfolio initiatives. The position interacts with other areas within the Bank, both within and outside Treasury, including Credit, Finance and Operations to communicate market information and portfolio performance. The jobholder provides guidance and training to less experienced personnel and serves as lead on group projects/portfolios. The position also interacts with the Wall Street dealer community as required to assist in managing the fixed income and wholesale liability portfolios.
Education and Experience Required

• Bachelor's degree in business or mathematical field or related field and a minimum of 5 years' buy or sell-side capital markets and/or fixed income experience with extensive knowledge of Interest Rate Derivatives, or lieu in of a degree, a combined minimum of 9 years' higher education and/or work experience, including a minimum of 5 years' buy or sell-side capital markets and/or fixed income experience with extensive knowledge of Interest Rate Derivatives
• Strong knowledge of pertinent word processing, email, spreadsheet, and presentation software
• 5+ years of quantitative analysis experience

Education and Experience Preferred:

• Interest rate derivative trading experience highly preferred
• Market Risk analysis experience
• Experience hedging mortgage servicing rights (MSR) preferred
• Calypso software experience preferred
• Master's degree in Business Administration (MBA) or Chartered Financial Analyst (CFA)
• Prior Treasury analyst and/or trading experience
• Proficient in use of spreadsheet, database, graphing, presentation, and department specific software, with a working knowledge of financial models
• Previous experience with Bloomberg and portfolio management/bond modeling software
• Strong analytical skills, including thorough understanding of stochastic model output (i.e. OAS, OAD, OAC) and nuances of Interest Rate and prepayment modeling
• Proficient in financial products pricing/fair value measurement theory
• Current knowledge of a variety of fixed income instruments, including corporate, agency, government, asset and mortgage-backed securities and derivatives
• Strong verbal and written communication skills
• Cross-functional collaboration skills
• Detail-oriented
• Strong organizational skills
• Strong project management skills
• Strong problem-solving skills
• Ability to provide guidance to less experienced analysts
• Familiar with relevant regulatory material including the LCR, Volcker rule and the standardized approach for Basel III capital, including risk-weightings of securitizations

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $115,923.15 - $193,205.25 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