Financial Analyst III - Baltimore, United States - M&T Bank
Description
Overview:
The Corporate FP&A department is made up of approximately 50 contributors, primarily located in Buffalo, NY.This specific teams primary responsibility within Corporate FP&A is to develop and maintain tools and frameworks that enable the measurement M&Ts financial profitability across its businesses, including the Banks Funds Transfer Pricing (FTP) and Capital Allocation methodologies.
The Financial Analyst III will conduct technical research and financial analysis projects to provide senior management with definitive financial data and advice for their use in setting and realizing strategic objectives, particularly through the use of FTP, Capital Allocation and other profitability analyses.
Primary Responsibilities:
Conduct independent research and analytical projects involving financial profitability and pro forma analysis to provide senior management with insights and advice to set and realize strategic objectives and capital planning initiatives.
Research and implement Regulatory, Tangible, and Risk-based Capital Allocation methodologies commensurate with the Banks risk profile and Equity/Capital positions and policies.
Develop documentation that outlines the procedures, policies, and theories that guide M&Ts FTP and Capital Allocation frameworks.Conduct monthly & quarterly analysis and reporting of M&Ts FTP and Capital Allocation impacts on business unit and product profitabilityCompose presentations and written narratives that summarize the impact of allocation methodologies on M&Ts current and projected financial profitability.
Provide analytical support to M&Ts pricing tools and pro forma analyses used to assess the profitability of the Banks businesses, customers, and products used throughout the organization.
Assist in the teams interactions with external regulatory agencies and internal risk managements related reviews/exams.Collaborate with Treasury and Finance division counterparts, business units, and risk management areas to ensure subject matter expertise and industry practices are incorporated into M&Ts FTP and Capital Allocation methodologies.
Interpret and summarize changing regulatory policy and accounting guidance that impact M&Ts FTP and Capital Allocation frameworks.Display proficiency in the financial planning and reporting systems/tools (such as Hyperion Planning, Hyperion Financial Management, Essbase, etc.) used to generate financial reports and financial forecasts.
Demonstrate a strong knowledge of finance and accounting concepts through the aggregation and analysis of financial data.Display an advanced understanding of M&T's (or applicable Business Unit within) financial statements; including awareness of key drivers/trends in major Balance Sheet and Income Statement line items.
Supervisory/ Managerial Responsibility:
May train junior staffEducation and
Experience Required:
Bachelor's degree and a minimum of 3 years experience OR Associate's degree and a minimum of 5 years experience in accounting auditing, operations or financial institutionsComprehensive understanding of finance and accounting concepts + knowledge of banking industryStrong technical aptitude and advanced financial modeling skillsEducation and
Experience Preferred:
Bachelors degree in Finance or Accounting or related field. Financial Services Industry experienceM&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $71, $119,976.20 Annual (USD). The successful candidates particular combination of knowledge, skills, and experience will inform their specific compensation.
LocationBuffalo, New York, United States of America#J-18808-Ljbffr