Senior Manager - Sales and Incentive Compensation

M&T Bank Corporation; Buffalo (NY); On-site; USD 129,000 - 215,000; Full time

Benefits offered by this job

Medical benefits

Volunteer time (paid)

Job summary

M&T Bank Corporation, based in Buffalo, New York, is seeking a senior leader to oversee enterprise-wide incentive plan design, compliance, and administration. You will influence senior leaders on plan design, risk, and regulatory matters, and guide multiple business units to align incentives with strategy and performance.

Responsibilities include cross-functional collaboration, risk mitigation, and staff leadership in a fast-paced regulatory environment.

Qualifications

• Bachelor’s degree and minimum 8 years’ relevant experience.
• In lieu of a degree, a combined minimum 12 years’ higher education and relevant experience.
• Advanced degree preferred.

Responsibilities

• Partners with leaders in Business Units, Finance and control functions (Legal, Risk, Compliance, etc) to provide consultation on sales and divisional incentive compensation plan design including alignment of plans to business strategy and organizational goals.
• Monitors and ensures compliance with applicable regulations including Sound Incentive Guidance (SIG), FLSA, fair pay and pay equity, banking regulations and legal constructs relating to incentive plans.
• Develops and coordinates incentive plan approval processes and procedures.
• Provides consultative support to business unit leaders and compensation team on the design and creation of incentive plans.
• Compiles, evaluates and analyzes incentive compensation information.
• Provides indirect leadership and guidance to the plan administration partners in business units.
• Manages sales and incentive compensation staff.

Education

Bachelor’s degree

Combined 12 years’ higher education and relevant experience

Advanced degree

Job description

Overview

Accountable for curating the enterprise-wide sales and divisional incentive plan design, administration, and compliance ecosystem that ensures Divisional and Corporate compensation programs are aligned with M&T’s compensation philosophy, competitive practices across industry peers, business unit and individual performance objectives and Regulatory and Compliance standards. Subject matter expert responsible for influencing and advising business unit and senior leaders on incentive plan design, compliance, and operational matters. Provides leadership and representation on complex, critical, and highly visible matters. Active contributor in and moderator of the Incentive Plan Risk Committee.

Primary Responsibilities

• Partners with leaders in Business Units, Finance, Compensation and control functions (Legal, Risk, Compliance, etc) to provide consultation on sales and divisional incentive compensation plan design including alignment of plans to business strategy and organizational goals.
• Monitors and ensures compliance with applicable regulations including Sound Incentive Guidance (SIG), FLSA, fair pay and pay equity, banking regulations and legal constructs relating to incentive plans.
• Develops and coordinates incentive plan approval processes and procedures.
• Provides consultative support to business unit leaders and compensation team on the design and creation of incentive plans.
• Compiles, evaluates and analyzes incentive compensation information.
• Provides indirect leadership and guidance to the plan administration partners in business units.
• Manages sales and incentive compensation staff.
• Exercise the usual authority of manager concerning staffing, performance appraisals, promotions, salary recommendations, perform management and terminations.
• Understand and adhere to the Company’s risk and regulatory standards, policies, and controls in accordance with the Company’s Risk Appetite.
• Design, implement, maintain, and enhance internal controls to mitigate risk on an ongoing basis.
• 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

• Management and oversight of the enterprise-wide design, compliance and administration of sales and divisional incentive programs.

Managerial/Supervisory Responsibilities

This position may oversee a staff of analysts.

Education and Experience Required

• Bachelor’s degree and minimum 8 years’ relevant experience.
• In lieu of a degree, a combined minimum 12 years’ higher education and relevant experience.

Education and Experience Preferred

• Advanced degree
• Excellent verbal and written communication skills
• Ability to interact with all levels of personnel
• Excellent reporting skills
• Excellent analytical skills utilizing complex data

Compensation

The pay range for this position is $128,900.00 - $214,900.00 Annual (USD).

Location

Buffalo, New York, United States of America

Company Overview

Great companies have an enduring sense of purpose. At M&T, our purpose is a simple one: make a difference in people’s lives and uplift the communities we serve. M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T’s affiliates offer advice, guidance, expertise and solutions across the entire financial spectrum, combining M&T Bank’s traditional banking services with the wealth management and institutional capabilities offered by Wilmington Trust. M&T Bank has a network of over 1,000 branches and 2,200 ATMs that span 12 states from Maine to Virginia and Washington, D.C. For more than 165 years, M&T has strived to take an active role in our communities and build long-lasting relationships with our customers. We are a bank for communities—combining the capabilities of a large bank with the care of a locally focused institution.

Benefits

• Competitive benefits ranging from medical and retirement to forty hours of paid volunteer time, each year.

Values

Our core values – integrity, ownership, collaboration, curiosity, and candor – drive the work we do.

Equal Employment Opportunity Statement

M&T Bank is unwavering when it comes to providing equal employment opportunities to all employees and applicants without regard to race, color, national origin, religion, ethnicity, sex, gender identity, age, disability, citizenship, pregnancy, veteran status, military status, marital status, sexual orientation, genetic information or any other characteristic protected under applicable federal, state or local laws.