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Incentive Manager - Retail, Business Banking & Contact Center

Incentive Manager - Retail, Business Banking & Contact Center

mt bankBuffalo, NY

17 days ago

$107,500.00 - $179,100.00 Annual

Compensation and Benefits ManagersGeneral and Operations ManagersManagers, All Other
Commercial BankingSavings Institutions and Other Depository Credit IntermediationOffices of Bank Holding Companies
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This position will be based out of Buffalo NYJob Description
Overview: This position is responsible for managing incentive compensation across the Retail Banking, Business Banking & Contact Center lines of business. Provides leadership in the design, development, and communication of long-term incentive strategies in pursuit of business goals. Works closely with senior business and functional leaders from across the enterprise; convenes and leads teams to accomplish goals.
Primary Responsibilities:
  • Develop proposals for new or revised incentive compensation plans which requires conducting complex analyses and preparation of presentation materials. Make recommendations on findings to management.
  • Directs all aspects of the Retail Bank, Contact Center & Business Banking incentive payment programs.
  • Identify areas of operational risk in the incentive process and eliminate and/or mitigate operational risk.
  • Responsible for directly managing staff. May exercise usual authority of manager concerning staffing, performance management, promotions, salary recommendations, professional development of staff, and terminations.
  • Stay abreast of business, market trends and regulatory developments related to incentive compensation.
  • Research questions related to incentive payments, provide basic guidance to participants on plan structure and escalate concerns as necessary.
  • Maintain thorough documentation of all payments, including the approval chain.
  • Produce monthly and quarterly reports to manage incentive compensation activities. Perform budget and other reporting as needed.
  • Coordinate responses for Internal Audit and Regulatory queries. Responsible for achieving positive audit / exam outcomes.
  • Manage participation in the annual Variable Pay Template (VPT) approval process.
  • Maintain and update all procedure documents and records necessary to execute the primary tasks of the role.
  • Take all necessary actions to preserve the confidentiality of compensation data.
  • Perform ad-hoc analyses as needed.
  • Act as a project leader on complex projects.
  • Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
  • 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.
  • Promote an environment that supports belonging and reflects the M&T Bank brand.
  • Complete other related duties as assigned.
  • Scope of Responsibilities: The position requires substantial interaction with both internal and external contacts in order to obtain pertinent information.
  • The position acts as liaison between department and other business units on various projects
  • May participate in both short and long-term planning for department.
  • Supervisory/Managerial Responsibilities: Will manage a team of professionals
  • Education and Experience Required: Bachelor's degree in a communications or business field, plus 3 years' relevant experience, OR in lieu of a degree, A combined 7 years' higher education and/or work experience, with a minimum of 3 years' relevant experience.
  • Highly skilled proficiency in the use of Windows and PC programs such as word processing, spreadsheet, presentation and database software.
  • Excellent oral and written communication skills. Strong analytical and creative problem solving skills. Ability to interact effectively with all levels of personnel.
  • Ability to work independently and function as a member of a team.
Education and Experience
Preferred: 3 years' banking industry experience. Detail oriented. M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $107,500.00 - $179,100.00 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
Summary
Location: Buffalo, NY
Type: Full time

Also on the board Same function, level within a rung

Level

Manager

Salary

$107,500.00 - $179,100.00 Annual

Location

Buffalo, NY

Occupation

Compensation and Benefits Managers

Industry

Commercial Banking

Posted

17 days ago

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