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M&T Bank · 1 day ago

Retirement Plans Director

Buffalo, NY

Full-time

Onsite

Senior Level, Lead/Staff

$155K/yr - $258K/yr

11+ years exp

M&T Bank is a world class Fortune 500 company seeking a Retirement Plans Director to lead their total rewards team. This role involves managing the design and operation of retirement and financial wellness programs while ensuring compliance and vendor management.

Financial Services

H1B Sponsor Likely

Responsibilities

Manage the design, delivery and operation of a significant portion of the Bank’s retirement and financial wellness programs and inclusive of eligibility and enrollment

Manage all related program administration and technology solutions required to coordinate services with supporting vendors

Manage external vendors to ensure the delivery of key services for the retirement and financial wellness programs at exceptional performance levels

Manage all related financial aspects and reporting requirements associated with the programs managed, ensuring they are fiscally prudent while meeting employee needs and being market competitive

Develop the annual budget for the programs inclusive of regular review and reporting of results versus plan, as well as timely and accurate reconciliation of all pertinent general ledger and/or trust accounts and Bank-wide allocation of benefits expense

Ensure activities and programs managed are in compliance with all pertinent internal policies and external regulations

Identify opportunities to increase efficiencies in processes and activities associated with the programs managed

Serve as point of contact for internal and external audits associated with the programs managed

Ensure the clarity and currency of all communications associated with the programs managed

Manage the timeliness and accuracy of any required external reporting, including annual form 5500 filings, and oversight of financial statements, including the 11-k form

Serve as escalation point for retirement plan-related issues, particularly those involving senior and executive management, where the position serves as primary contact for that population for retirement preparation

Ensure communication of relevant benefits-related items within the Human Resources function as appropriate, to support the delivery of benefits to the employee population, including retirees

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 a culture of 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

Qualification

Retirement plan administrationVendor managementFinancial acumenRegulatory complianceProject managementAnalytical skillsHuman resources softwareMBACEBSRPA certificationCommunicationInterpersonal skillsOrganizational skillsDetail-orientedNegotiation skills

Required

Bachelor's degree in business, Finance, Human Resources or related field and a minimum of 11 years' financial and/or benefits related experience or equivalent, or in lieu of a degree, a combined minimum of 15 years' higher education and/or work experience, including a minimum of 11 years' financial and/or benefits related experience or equivalent

Minimum of 4 years' managerial, supervisory, and/or work leadership experience

Proven project management skills

Strong written and verbal communication skills

Experience Developing Documentation On System Requirements And Related Procedures

Strong analytical skills

Detail-oriented

Strong interpersonal skills

Strong organizational skills

Strong proficiency with personal computers as well as pertinent word processing, spreadsheet and database software

Solid understanding of pertinent regulations impacting area of responsibility

Preferred

MBA (Master's degree in Business Administration)

Minimum of 12 years' retirement plan administration experience, including managing complex recordkeeping relationships

Minimum Of 5 Years' Managerial Experience

Certified Employee Benefits Specialist (CEBS), Retirement Plans Associate (RPA) or related designation

Proficiency with pertinent human resources software

Prior vendor management experience

Strong negotiation skills

Company

M&T Bank

Glassdoor3.6

Great companies have an enduring sense of purpose.

Founded in 1856

Buffalo, New York, US

10001+ employees

http://www.mtb.com

H1B Sponsorship

M&T Bank has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (116)

2024 (113)

2023 (84)

2022 (103)

2021 (42)