Managing Director Counterparty Credit Risk

Webster Bank Counterparty Credit Management Director

If you're looking for a meaningful career, you'll find it here at Webster. Founded in 1935, our focus has always been to put people first doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster's values, these set us apart as a bank and as an employer.

Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!

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, which encompasses a portfolio of over 50 counterparties covering a diverse set of products.

The MD is responsible to :

• Safeguard the Bank's interests by ensuring that Webster Bank only admits and transacts with counterparties that are financially and operationally sound and meet the expectations of Webster's management, Board and regulators.
• Demonstrate an understanding of the OCC's framework for counterparty risk management, with experience elevating counterparty analytics, and working with senior management to ensure Webster is at the forefront of credit risk management capabilities.

Responsibilities are listed in priority order :

The incumbent will work collaboratively with the SMD, CCR team, stakeholders across the front-office, Independent Risk Management (IRM) functions and all audit partners to ensure that Webster Bank complies with Heightened Standards requirements and Large Financial Institution (LFI) preparedness measures.

Job Responsibilities :

Education, Experience and Skills :

This role can be based in our NYC, Jericho, Paramus, and Stamford CT locations for the right candidate.

The estimated base salary range for this position is $190,000 USD to $200,000 USD. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position 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.