Managing Director Counterparty Credit Risk

Webster is a leading commercial bank focused on people and communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence guide our work and we offer robust development opportunities and meaningful work.

Overview

Reporting to the SMD of Counterparty Credit, the MD is primarily responsible for direct management and continuous improvement of the Counterparty Credit Stress testing, Surveillance and Reporting & Analytics functions, covering a portfolio of over 50 counterparties with a diverse set of products.

Responsibilities

• Safeguard the Bank’s interests by ensuring Webster Bank transacts with counterparties that are financially and operationally sound and meet management, Board and regulatory expectations.
• Demonstrate understanding of the OCC framework for counterparty risk management, elevate counterparty analytics, and work with senior management to keep Webster at the forefront of credit risk management capabilities.
• Directly manage and continuously improve the counterparty stress testing program, including daily PFE calculation and reporting of MTM portfolio, quarterly stress testing under various scenarios, validating data completeness, and collaborating with partner functions responsible for stress testing the loan book and securities in first and second lines of defense.
• Oversee Reporting & Analytics : track counterparty limits, concentrations, exceptions and potential audit findings; build and maintain counterparty scorecard metrics aligned to the enterprise Risk Appetite Framework (RAF), DFAST and Reg. F responsibilities.
• Actively monitor and improve the counterparty surveillance program with early warning indicators of credit and financial performance deterioration.
• Collaborate with the SMD, CCR team, front-office stakeholders, Independent Risk Management (IRM) and audit partners to ensure Webster Bank complies with Heightened Standards and Large Financial Institution preparedness measures.

Job Responsibilities

Education, Experience and Skills

Salary : The estimated base salary range is $190,000 to $200,000 USD. Actual salary may vary based on knowledge, skills, experience, and location. This role is eligible for incentive compensation.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.

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