Manager, Third Party Risk Management

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!

Position Summary

Responsible for the day-to-day tasks associated with managing an assigned group of Third Parties generally rated Moderate, High and Critical Risk. Tasks include financial stability analyses on individual suppliers (traditional and non-traditional) and quarterly portfolio reviews of suppliers.  Additional tasks include specific request for financial stability analyses for finalists in an RPF process, Innovation Program and/or other requests as needed.  Tasks include all functions related to file maintenance, risk grade management, information tracking (such as company alerts, rating agency reports). Manage external Third-Party providers of data to support Financial Stability analysis. 

Key Responsibilities

• Prepare Third Party and Non-Traditional financial stability analyses using credit metrics as outlined according to Third Party Credit Risk Policy and Procedures and in accordance with the schedule established by TPRM.

• Prepare the Quarterly Portfolio Review of suppliers rated Moderate Risk and above. Present findings to the TPRM committee each quarter.

• Convey the risk profile of Third Parties, as a portfolio and by industry subsectors of the most important suppliers for Webster to our Risk Partners and present findings quarterly at TPRM Committee meetings. 

• Support specific request for financial stability analyses for finalists in an RPF process, Innovation Program and/or other requests as needed

• When needed leverage additional external sources and methodology to analyze innovation Third Parties

• Attend the weekly TPRM committee meeting designed to vet Inherent Risk Evaluations

• Update TPRM SharePoint site with information pertaining to Financial Stability as needed

• Provide Financial Stability training for other Risk partners to ensure each TPRM member is cross-trained. Participate in training provided by other Risk Partners for TPRM, including but not limited to job shadow of other roles within the group.

• Manage external Third Parties to support Financial Stability analysis

• Support/Liaison to Counterparty group

• Other related financial stability tasks as requested

Requirements

• Bachelor’s degree or work experience equivalent (5+ years)

• TPRM program training/certificates

• Financial analysis skills

• Experience using Supplier Risk & Financial Performance tools

• Six Sigma Training/Certification

• MS Office suite

• Ability to prioritize work to meet deadlines and work both independently and within a team structure

• Other projects and initiatives as assigned 

This role has a hybrid work schedule and can be based in our NY (NYC, White Plains, Jericho), CT (Southington, Stamford).

The estimated base salary range for this position is $105,000 USD to $120,000 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.