Overview
Join 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, departmental presentations, interaction 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 handle additional projects assigned by the department manager or Leadership Development Manager.
Department Description
The Family Wealth team delivers comprehensive investment management services to Wealth Advisory Services clients. As a trainee, you will work within a professional team environment and help support the delivery of an integrated wealth management offering aligned with each client's financial goals.
Department Responsibilities
You'll partner with Advisors to understand the different functions within the department: gaining insight into client relationships, products and services, policies and procedures that protect those relationships and the Bank, as well as portfolio review. Your responsibilities may also include:
- Maintain current knowledge of financial markets, Wilmington Trust investment process, and wealth management offerings
- Articulate current and relevant economic, financial and market information, as well as all available products and services to clients and prospects
- Prepare and review portfolio recommendation letters for advisory and co-trustee accounts, AO coordinations or best fit recommendations, and investment performance reviews, as needed with the Investment Advisor
- Maintain a thorough knowledge of various Bank resources to facilitate client service delivery and expand client relationships
- Serve as a support associate to assigned Investment Advisor(s) as required and participate in sales efforts
- Core Training: Participate in ten weeks of training throughout the one-year assignment to learn banking, basic financial skills, technical skills, and leadership/interpersonal skills. Develop a solid understanding of banking functions, processes, and operations.
- Group Projects: Participate in two group project assignments, working with a team of peers to build relationships within the team, with project sponsors, internal and external contacts, and senior management. Teams present recommendations and potential solutions to senior management at the conclusion of each project.
How You Can Grow Your Career
You can further develop your career by continuing to build your foundation of knowledge of Wilmington Trust products and services while working as an Investment Associate, supporting Investment Advisors on the team. A successful Associate looking to grow beyond the role would have the desire to build upon their education and seek certifications to assist in their career as they work towards a role as an Investment Advisor.
Primary Responsibilities
- Participate in and complete a one-year long, non-rotational training program while creating and adding value to the assigned department. Receive job specific training, general training in banking, communication and leadership, and personalized coaching and feedback. Performance measures may include several objective test scores, peer and sponsor feedback from group projects, facilitator feedback, Leadership Development Manager-MDP feedback, Department Manager feedback, final assessment score, and year-end performance appraisal from the Department Manager.
- Core Training: Participate in training throughout the one-year assignment to learn banking, basic financial skills, technical skills, and leadership/interpersonal skills. Develop a solid understanding of banking functions, processes, and operations.
- Group Projects: Participate in group project assignments, working with a team of peers to build relationships within the team, with project sponsors, internal and external contacts, and senior management. Teams present recommendations and potential solutions to senior management at the conclusion of each project.
- On-the-Job Training: The fundamental skills taught in core training are combined with On-the-Job training based on the incumbent's assignment. Job specific training teaches departmental policies, procedures, systems, and products. Upon completion of MDP, all incumbents attain the basic skills necessary to contribute as individual contributors and/or managers in their assigned department.
- Complete tasks in a manner that is compliant with applicable laws and regulations and/or that serve to help the Company be in compliance with laws and regulations that apply to the business line the position supports.
- 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 belonging 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 Management Development Program is a non-rotational, one-year training program for recent college graduates where participants learn about sales, accounting, project management, and leadership skills depending upon their career track. Various methods of training include classroom study, divisional orientations, and teamwork on group projects. These fundamentals are coupled with on-the-job training to allow for immediate application in the area for which the participant has been hired.
Supervisory/Managerial Responsibilities
Not Applicable.
Education and Experience Required
- Bachelor's Degree candidate at a school where M&T Bank recruits MDPs (or an MBA student with no work experience).
- Outstanding academic credentials (GPA of 3.0 or better).
- Up to 1 years' work experience.
- Outstanding written and verbal communication skills.
- Demonstrated interpersonal skills.
- Demonstrated analytical skills.
- Demonstrated computer skills.
- Demonstrated presentation skills.
- Demonstrated leadership abilities.
- Work/internship experience.
- Work Visa Sponsorship not offered for this role.
