Fixed Income Trader

Overview

You will serve as a member of the Management Development Program (MDP) and take part in ten weeks of Core Training followed by one year of On-the-Job Training (OJT). Core Training includes classroom sessions, observing departmental presentations, interacting with senior management, peer networking, and working in teams on group projects. OJT responsibilities vary by department and are assigned by the department manager. You may also take on additional projects from the department manager or the Leadership Development Manager.

Department Description

The Municipal Fixed Income team aims to deliver above average tax-exempt income, preserve capital by managing risk exposure, and provide consistent, value-added, long-term investment performance across its total return and quality fixed income solutions.

Department Responsibilities

• Ensure timely and accurate execution of Fixed Income transactions in line with fixed income trading policies, and communicate trade details to brokers, authorized personnel, and internal operations staff.
• Provide Portfolio Managers and other investment professionals with market trends and security information.
• Understand and follow the Company's risk and regulatory standards, policies, and controls in line with the Company's Risk Appetite, and flag risk-related issues that need escalation to management.
• Help build an environment that supports belonging and reflects the M&T Bank brand.
• Maintain M&T internal control standards, including timely follow-through on internal and external audit points and issues raised by external regulators.
• Complete other related duties as assigned.

Career Growth

You will have the opportunity to work cross-functionally within the department. After demonstrating strong proficiency in the role, you may advance to Senior Fixed Income Trader and later to Fixed Income Portfolio Manager.

Primary Responsibilities

• Complete a one-year, non-rotational training program while adding value to your assigned department. You will receive job-specific training, general training in banking, communication, and leadership, and personalized coaching and feedback. Performance measures may include objective test scores, peer and sponsor feedback from group projects, facilitator and Leadership Development Manager feedback, Department Manager feedback, a final assessment score, and a year-end performance appraisal.
• Build banking, basic financial, technical, and leadership skills through core training, and develop a solid understanding of banking functions, processes, and operations.
• Work with a team of peers on group projects, building relationships with project sponsors, internal and external contacts, and senior management. Each team presents recommendations and potential solutions to senior management at the end of the project.
• Combine core training with on-the-job training specific to your assignment, learning departmental policies, procedures, systems, and products. By the end of the MDP, you will have the basic skills to contribute as an individual contributor or manager in your department.
• Carry out tasks in compliance with applicable laws and regulations and with the laws that apply to the supported business line.
• Understand and follow the Company's risk and regulatory standards, policies, and controls, and identify risk-related issues needing escalation.
• Help build an environment that supports belonging and reflects the M&T Bank brand.
• Maintain M&T internal control standards, including timely follow-through on audit points and regulator issues.
• 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. Participants learn about sales, accounting, project management, and leadership depending on their career track. Training includes classroom study, divisional orientations, and group project teamwork, combined with on-the-job training so you can apply what you learn right away in your hired area.

Supervisory/Managerial Responsibilities

Not applicable.