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Business Line CFO - Retail Bank

Overview:

Serve as a strategic partner and second line of defense that provides comprehensive financial support to core Business Line (Commercial, Consumer, Wealth/Institutional Services, Support Units) by overseeing the business line finance responsibilities and serving as the lead financial liaison to external examiners.  Sets financial strategies and direction for the business line that support leadership’s strategic priorities, acts as a member of the division’s senior leadership team and brings perspective from both an internal to M&T and a market/industry platform.  Maintains an environment of strong compliance and risk management providing control, insuring quality and accuracy of financial reporting. Provides an independent view of financial matters and utilizes financial and business metrics to help business leaders drive performance and realize targeted outcomes.     

Primary Responsibilities:

  • Builds a core business review that clearly states the strategic priorities of the business line along with the related success measures and projected financial outcomes to establish the direction of the business, products, and markets.  This is accomplished by consistent analysis of the market place/competition; leadership direction of the organization and identification of client needs. 
  • Assists in the development of the business plan.  Monitors the business performance in accordance with industry/market/plan and year over year growth.  
  • Oversees and sets strategy for the division’s business line Finance team.   This team produces monthly Profit and Loss statements with analysis and explanation to business leaders and utilizes leading indicator Business Performance Measures to assess business direction and pending risk/opportunity. 
  • Exercise usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, performance 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 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.

Scope of Responsibilities:

Supervisory/ Managerial Responsibilities:

Manages subordinate managers. Full supervisory, development of team through professional leadership. Possess ability to direct/persuade/influence across division and peers throughout the bank.

Education and Experience Required:

Bachelor’s degree and a minimum 11 years’ experience in Finance, Business or a related field with 4 years’ managerial experience or in lieu of a degree, a combined minimum of 15 years’ higher education and/or work experience with 4 years’ managerial experience

Strong analytical ability and creative problem solving-skills, including knowledge and application of financial concepts and strategies

Excellent communication skills, both written and verbal

Demonstrated ability to manage multiple tasks and competing priorities

Strong interpersonal skills and maturity to build relationships and interact from a business as well as a technical standpoint

In-depth knowledge of the banking industry and related financial governance and risk management principles

Education and Experience Preferred:

Advanced degree in Finance, Accounting, or Business Administration

CPA

Experience leading a business/P&L

Experience in financial planning and analysis, accounting, strategic planning with financial services industry

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $140,621.49 - $234,369.15 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.

Location

Buffalo, New York, United States of America

Average salary estimate

$187495 / YEARLY (est.)
min
max
$140621K
$234369K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Business Line CFO - Retail Bank, MTB

As the Business Line CFO for M&T Bank's Retail Bank division in Buffalo, NY, you’ll take on a pivotal role as a strategic partner and leader within the financial landscape of our esteemed organization. In this energetic and dynamic position, you will manage the core finance responsibilities across various Business Lines, including Commercial and Consumer services, while also liaising effectively with external examiners. Your expertise will drive the development of sound financial strategies that align with the leadership’s vision while ensuring compliance and risk management standards are met. You’ll be central to establishing key success measures and projected outcomes that will enhance the performance and direction of our financial offerings. As part of the senior leadership team, you’ll utilize your strong analytical and creative problem-solving skills to oversee the planning and monitoring of business performance while leading a dedicated finance team to produce insightful monthly Profit and Loss statements. Furthermore, you will cultivate a diverse and inclusive work environment that reflects the M&T values, ensuring internal controls are rigorously maintained. This position not only offers numerous opportunities for professional growth and strong partnership-building but also enables you to make a significant impact on our financial decisiveness and integrity, rooting for the best outcomes for our clients and stakeholders alike. Join M&T Bank and be a part of something greater as we strive to excel in delivering value and trust to our community!

Frequently Asked Questions (FAQs) for Business Line CFO - Retail Bank Role at MTB
What are the main responsibilities of the Business Line CFO at M&T Bank?

The Business Line CFO at M&T Bank is responsible for overseeing the financial activities of various Business Lines, leading the financial liaison with external examiners, and developing strategic financial plans that align with the bank's priorities. This role includes managing the finance team, producing monthly financial statements, and ensuring compliance with financial governance standards.

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What qualifications do I need to become a Business Line CFO at M&T Bank?

To qualify for the Business Line CFO position at M&T Bank, candidates must possess a Bachelor’s degree in Finance, Business, or a related field, along with a minimum of 11 years of experience in finance, including 4 years in a managerial capacity. Advanced degrees and CPA certification are preferred qualifications.

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How does M&T Bank ensure compliance and risk management in the role of Business Line CFO?

Compliance and risk management are integral to the Business Line CFO's role at M&T Bank. The CFO must adhere to the company’s risk appetite and regulatory standards, design and implement internal controls, and address any risk-related issues that arise, ensuring timely resolution and safeguarding the organization.

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What skills are essential for a Business Line CFO at M&T Bank?

Essential skills for the Business Line CFO at M&T Bank include strong analytical abilities, excellent communication skills, a deep understanding of financial concepts, and the capacity for creative problem-solving. Additionally, interpersonal skills and experience in building relationships across various business divisions are crucial.

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What is the salary range for the Business Line CFO position at M&T Bank?

The salary range for the Business Line CFO at M&T Bank is between $140,621.49 and $234,369.15 annually. Compensation varies based on the specific qualifications and experience of the successful candidate.

Join Rise to see the full answer
Common Interview Questions for Business Line CFO - Retail Bank
Can you describe your experience managing a finance team?

When answering this question, focus on specific examples of how you've led a finance team, including your strategies for performance management, team development, and how you foster communication within the group.

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What strategies would you implement to enhance financial performance?

Discuss potential strategies such as comprehensive market analysis, developing key performance indicators, and closely monitoring industry trends to suggest actionable changes that can lead to improved financial outcomes.

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How do you prioritize compliance and risk management?

Highlight the importance of staying updated with regulatory changes, implementing thorough internal controls, and fostering a compliance culture within the finance team to address any risks proactively.

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What approach do you take when analyzing complex financial data?

Explain your methodical approach to data analysis, including utilizing financial modeling, identifying key trends, and making data-driven recommendations for business strategies.

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How do you ensure effective communication with stakeholders?

Describe your practices in engaging with stakeholders, emphasizing transparency, clarity, and regular updates, alongside creating comprehensive reports that encapsulate critical financial metrics.

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Can you give an example of a time you solved a significant financial problem?

Provide a detailed example of a financial challenge you faced, the steps you took to analyze and address the issue, and the successful outcome that ensured organizational stability.

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What role does strategic planning play in your financial management?

Discuss the significance of aligning financial strategies with business objectives, highlighting how a proactive approach to strategic planning leads to sustainable growth.

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How do you approach budget management in your role?

Share your techniques for developing and managing budgets effectively, focusing on tracking performance against the budget and making adjustments based on quantitative analysis.

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What are the key financial concepts a Business Line CFO must understand?

Emphasize essential financial concepts such as cash flow management, financial forecasting, risk assessment, and the importance of understanding P&L statements in strategic decision-making.

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How do you promote diversity within your team?

Discuss specific initiatives or policies you have implemented or would advocate for to create an inclusive environment that fosters diverse perspectives and drives teamwork.

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MATCH
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HQ LOCATION
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EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
March 28, 2025

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