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M&T Bank Global Capital Markets Payments and F/X Associate in Wilmington, Delaware

Overview:

Leads aspects of Global Capital Markets F/X and payment servicing of institutional clients. Supports senior account relationship managers reporting into a GCM Unit Manager.

Primary Responsibilities:

  • Understand the Foreign Exchange process and be familiar with processing payment in various currencies.

  • Process new account setups, adjustments to existing accounts, transfers of ownership and/or formation of payments through data entry for Corporate Trust customers, ensuring timeliness and accuracy of all work.

  • Respond to client requests by phone, service ticket and email which vary in complexity for resolution

  • Performs specific functional or operational tasks of advanced complexity transactions.

  • Carries out tasks in a timely and controlled fashion.

  • Adheres to policies and procedures for assigned functional tasks.

  • Collaborates with management, internal partners, relationship management, and transaction management to ensure proper controls are in place for assigned functional group.

  • Responsible for learning and understanding daily tasks, processes and controls for assigned functional group.

  • Escalates and resolves issues that may arise within functional area in coordination with managers and other appropriate parties (i.e. RM, TM, sales)

  • Shadows Relationship Managers or Transaction Managers for further career and knowledge development

  • Serve as client point of contact per functional role; make recommendations for services to correct and/or enhance the client experience. Resolve problems and respond to client requests in a timely manner.

  • High level knowledge of and developed skillsets in functional capabilities (e.g., payments) for applicable products.

  • Manage relationships with internal and external service partners and clients; assess issues requiring immediate attention in a timely manner and drive the resolution of identified issues through the normal course of business utilizing available resources.

  • Demonstrate an in-depth knowledge of corporate policies and procedures related to the administrative role.

  • Provide and maintain appropriate levels of controls to minimize losses.

  • Provide effective support, coaching and/or mentoring of any assigned team associates.

  • 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 & WTNA 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:

This position works under supervision and will provide support to less experienced personnel. This position will be responsible for F/X and payments. The Payments functional team is responsible for ensuring that GCM payments are processed accurately and in a timely manner. A Payments CA (Client Administrator), is responsible for:

  • Inputting payment details into applicable GCM systems (e.g., Total Cash, Correspondent Banks, LUNA, TranStar, LoanIQ)

  • Establishing payment templates for transactions (e.g., ACH, checks, wires)

  • Validating and authenticating wire instructions per governing documents

  • Escalating identified payment issues to management

Education and Experience Required:

  • Associate’s degree and a minimum of 3 years relevant experience or in lieu of a degree, a combined minimum of 5 years higher education and/or related work experience.

  • Experienced in processing new account setups, adjustments to existing accounts, transfers of ownership and/or formation of payments through data entry for Corporate Trust customers

  • Strong problem-solving skills

  • Strong written and verbal communication skills

  • Strong Customer Service skills

  • Prior experience operating in a team environment

  • Experience using pertinent word processing and spreadsheet software

  • Willing to work a flexible schedule as needed

Education and Experience Preferred:

  • Bachelor’s degree in Business, Finance or Accounting

  • Understand the Foreign exchange process and be familiar with processing payment in various currencies

  • Ability to work under time constraints

  • Online application support experience

  • Knowledge of Bank systems

  • Knowledge of Bank culture

  • Detail-oriented

#LI-LA1

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $27.24 - $45.40 Hourly (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.

Location:

Wilmington, Delaware, United States of America

M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer, including disabilities and veterans.

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