Foreign Exchange Operations Analyst II

M&T Bank Buffalo, NY
BASIC FUNCTION:

Processes and verifies foreign exchange transactions for Bank customers and internal departments, ensuring strict adherence to established internal policies and external regulations.

POSITION RESPONSIBILITIES:

* Complete daily processing of foreign exchange transactions, including trades with customers and counterparties and currency payments for branch customers, in a timely and accurate manner, while ensuring strict adherence to pertinent internal policies and external regulations.

* Conduct phone confirmations of trade and delivery instruction details for authorized contacts with new customers per the Bank's corporate wire policy and standard.

* Enter new customer information into the appropriate system following Customer Identification Program (CIP) requirements to comply with pertinent internal policies and external regulations.

* Analyze and approve exceptions such as reconciliation outages and inconsistencies on daily risk management reports.

* Assist management with special handling of credit and/or compliance issues as they arise, which may involve reviewing procedures to working with business partners to fully understand their needs and those of the customer base.

* Maintain the currency and accuracy of supporting procedures and processes.

* Anticipate obstacles to proper work completion and proactively identify process improvements and escalate to management to increase efficiency and mitigate risk in Foreign Exchange Operations.

* Participate in system testing and analyzing functionality as required by updates, to identify any issues prior to implementation for daily use.

* 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.

* Foreign Exchange Operations, part of Treasury Operations, processes foreign exchange trades with customers and counterparties and currency payments for branch customers. In executing these transactions, it is important for the area to enforce regulatory compliance, confirm and verify settlements with counterparties, reconcile general ledger accounts and depository positions, accurately confirm trades and collect funds when due and ensure data integrity and system access controls are in place. Internal clients include Commercial Banking, Correspondent Banking, Institutional Banking and the Treasury Division. This position specifically supports the timely and accurate processing of these transactions.

BASIC QUALIFICATIONS REQUIRED:

* Bachelor's degree and a minimum of 1 year's proven operations, accounting or finance experience, or in lieu of a degree, a combined minimum of 5 years' higher education and/or work experience, including a minimum of 1 year's proven operations, accounting or finance experience.

* Understanding of foreign exchange and accounting principles

* Proficiency with personal computers as well as pertinent spreadsheet, word processing and email software

* Proven analytical skills

* Proven problem-solving skills

* Proven time management skills

* Proven verbal and written communications skills

* Detail-oriented

IDEAL QUALIFICATIONS PREFERRED:

* Minimum of 1 year's proven operations, accounting or finance experience in banking

* Ability to manage multiple, complex projects in a fast-paced environment

* Knowledge of pertinent Bank systems

ABOUT M&T:

At M&T, we strive to be the best place our employees ever work, the best bank our customers ever do business with and the best investment our shareholders ever make. So when looking to advance your career, look to M&T. As a top 20 US bank holding company and one of the best performing regional banks in the country, we offer a wide range of performance based career development opportunities for talented professionals. And through our longstanding tradition of careful, conservative and consistent management and a strong commitment to the communities we serve, we continue to grow with a focus on the future.

Apply today at www.mtb.com/careers!

"Relevant Military Experience is Desired"

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