2027 Management Development Program - Fixed Income Trader (Wilmington, DE)

M&T Bank; Wilmington (DE); On-site; USD 41,000 - 61,000; Full time

Job summary

M&T Bank is offering a Management Development Program in Wilmington, Delaware for recent graduates. The program combines ten weeks of Core Training with a year of On-the-Job training across departments, focusing on banking, leadership, and regulatory compliance.

Participants gain exposure to market trends, risk controls, and cross-functional collaboration, with clear paths to advancement into senior trader or portfolio management roles within Fixed Income and related departments.

Qualifications

• Bachelor’s degree in Finance, Economics, Accounting or Business Administration from 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 year of work experience.
• Outstanding written and verbal communication skills.
• Demonstrated interpersonal skills.
• Demonstrated analytical skills.
• Demonstrated leadership abilities.

Responsibilities

• Participate in a one-year, non-rotational training program with department-specific tasks.
• Core Training to learn banking, basic financial skills, technical skills, and leadership abilities.
• Group Projects with peer teamwork and sponsor interaction; present to senior management.
• On-the-Job Training and job-specific instruction on policies, systems, and products.
• Adhere to laws, regulations, and internal controls; escalate risks as needed.
• Promote inclusive environment and M&T Bank branding.
• Complete other related duties as assigned.

Skills

Written communication

Verbal communication

Interpersonal skills

Analytical skills

Leadership abilities

Presentation skills

Team collaboration

Education

Bachelor’s Degree in Finance, Economics, Accounting or Business Administration

GPA 3.0 or better

Up to 1 year work experience

MBA student with no work experience

Job description

Overview:

Serves as a member of the Management Development Program (MDP) and participates in ten weeks of Core Training and one year of On-the-Job training (OJT). Core Training responsibilities include participation in classroom training, observations of departmental presentations, interaction with senior management, peer networking, and working in teams on group project assignments. OJT responsibilities vary by department and are assigned by the department manager. The position may be responsible for additional projects assigned by the department manager or Leadership Development Manager.

Department Description:

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

Department Responsibility:

The ideal candidate will:

• Ensure timely and accurate execution of Fixed Income transactions by adhering to fixed income trading policies and communicating trade details to brokers, authorized personnel and internal operational staff.
• Provide Portfolio Managers and other Investment professionals with market trends and security information.
• 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.

HOW YOU CAN GROW YOUR CAREER:
The candidate will have the opportunity to work cross-functionally within the department, and after they demonstrate excellent proficiency in the current role, there’s the opportunity for advancement into a Senior Fixed Income Trader, and later a Fixed Income Portfolio Manager.

Primary Responsibilities:

• Participate in and complete a one-year long, non-rotational training program while creating and adding value to 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 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 their peers to build relationships within their teams as well as with project sponsors, internal and external contacts, and senior management. Teams make a presentation to senior management at the conclusion of each project providing recommendations and potential project solutions.
• 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 basic skills necessary to contribute as individual contributors and/or managers in their assigned department.
• Complete tasks in a manner that are 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 in Finance, Economics, Accounting or Business Administration 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

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $29.57 - $43.99 per hour. The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation. The range listed above encompasses all geographic locations. The pay rate specific to your location will fall within this range and is available from your recruiter.

Location:

Wilmington, Delaware, United States of America