Director, Funds Transfer Pricing and Financial Systems

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!

Key Responsibilities:

Funds Transfer Pricing Management:

• Design, implement, and maintain FTP frameworks and methodologies to ensure appropriate allocation of funding costs and revenues across business units.
• Collaborate with Treasury to refine FTP models that align with the organization’s business strategies.
• Monitor and manage FTP pricing mechanisms, ensuring they are consistent with regulatory requirements and market conditions.
• Produce regular reports and analytics on FTP performance, providing insights to senior management and business leaders.
• Support internal stakeholders with any related inquiries or requirements.

Finance Systems Development & Support:

• Oversee the implementation, integration, and enhancement of finance systems
• Collaborate with the finance team to implement enhancements, optimizations, and new features.
• Monitor system performance and identify improvements to increase system reliability and efficiency.
• Provide end-user training and support on finance systems.
• Support the preparation and testing of finance system upgrades and enhancements.
• Create and maintain documentation for system configurations, processes, and best practices to ensure consistency and knowledge transfer within the team

Data Analysis & Reporting:

• Implement automation strategies to streamline manual processes, reduce errors, and improve overall efficiency
• Leverage system capabilities to improve financial data accuracy, streamline workflows, and enhance financial decision-making.
• Develop and maintain automated reports and dashboards for ongoing monitoring of FTP results.
• Analyze financial and operational data to identify trends, anomalies, or areas of improvement in the FTP process.

Qualifications & Experience:

Education:

• Bachelor’s degree in Finance, Accounting, Economics, or related field.

Experience:

• Minimum of 8 years of experience in funds transfer pricing, financial systems, or a similar financial services role.
• Proven experience in designing, implementing, and managing FTP methodologies in a financial institution.
• Experience with system administration, configuration, and maintenance of finance systems, specifically Oracle EPM, ERP, or other financial planning and reporting tools.
• Experience with financial data analytics and reporting tools (e.g., Power BI, Excel, etc.).

Skills:

• Strong analytical, problem-solving, and quantitative skills.
• Ability to work with cross-functional teams and communicate complex technical concepts to non-technical stakeholders.
• Proficiency in finance systems, data management, and reporting tools.
• Excellent communication, presentation, and interpersonal skills.
• Strong attention to detail with the ability to manage multiple projects and deadlines.

Desired Attributes:

• A proactive and innovative mindset, with the ability to drive continuous improvement in systems and processes.
• Strong understanding of data integration, and data modeling within financial systems
• Ability to manage large datasets and derive actionable insights for decision-making.
• Comfortable working in a fast-paced, dynamic environment with shifting priorities.

The estimated base salary range for this position is $140,000 USD to $157,000 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.

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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.