Managing Director, Credit 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!

The Managing Director, Credit Risk Management will be responsible to mature our Risk Management practices and meet heightened regulatory expectations.  This role will run the RCSA process for Credit Risk, including execution of Credit Risk RCSAs and providing effective challenge around FLU RCSAs.  In addition, the role will assist in the development and oversight over the Credit Risk Management Program, as well as related risk management oversight practices.  This includes standing up a program to perform ongoing monitoring of Credit Risk Management’s control environment through testing and metrics, as well as collaborating with ERM on other risk management oversight activities.

Responsibilities

• Credit Risk Oversight

  • Assist in the development of the Credit Risk Management Program.

  • Develop an oversight program to ensure compliance with requirements of the Credit Risk Management Program.

  • Lead the identification of material Credit risks and develop Key Risk Indicators to be used to monitor the effectiveness of Credit’s Control Environment.

  • Partner with Enterprise Risk Management in developing methodologies and processes to adapt to changes in the regulatory environment, business operations, and emerging risks.

  • Collaborate with Enterprise Risk Management to complete recurring risk governance oversight projects, such as our annual assessment of compliance with Risk Appetite and Enterprise Risk Assessment.

• RCSA Execution / Challenge

  • Coordinate and facilitate risk assessment workshops and activities to identify potential risks and control gaps. Analyze risk data to assess the likelihood and impact of risks on the bank’s operations.

  • Provide effective challenge around the design and implementation of controls to mitigate Credit Risk that occur outside of Credit.

  • Provide expertise to a cross-functional working group focused on enhancing the bank wide Risk & Control Self-Assessment (RCSA) program.

  • Work closely with 1st, 2nd and 3rd lines of defense to ensure that risk management practices are embedded within business processes. Act as the main point of contact for internal and external stakeholders regarding RSCA matters.

• Control Environment

  • Assist Credit Risk Management leadership in the creation of a sustainable control environment.

  • Lead risk-based control testing program to evaluate the effectiveness of internal controls that impact Credit risk.

Experience:

• 10+ years of experience in Credit Risk, Loan Review, Risk Management or Audit functions, within the banking or financial services industry

• CPA, CISA, CIA, or other auditing or risk management certification preferred

Knowledge:

• Deep understanding of governance, change management, banking regulations, risk management frameworks and internal control standards

• Strong understanding of operational risk management techniques and control assessment methodologies

• Knowledge of OCC Heightened Standards and Regulatory Category IV banking requirements preferred

• Understanding of credit underwriting principles and credit policy

Skills:

• Excellent verbal and written communication abilities, with the capacity to plainly describe risk concepts to a variety of audiences

• Strategic mindset with strong interpersonal and influencing skills

• Proven execution and leadership in a dynamic environment with competing priorities

• Detail oriented with strong project management skills

• Strong analytical, problem-solving, and decision-making skills

The estimated base salary range for this position is $ 180,000 USD to $205,000 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.