Managing Director, Treasury Management Compliance and Controls at Webster Bank in Southington, Connecticut

Job Description:

Job Description



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!


This role is responsible for compliance monitoring, risk mitigation, and reporting of treasury management and card activities. This role involves managing risk exposures and providing related treasury management risk expertise to support the overall risk management activities of the Bank. This position reports to the Head of TM Business Process Management.


Key responsibilities include identifying, assessing, and monitoring potential risks that could impact the organization's operations, finances, or reputation. The role also involves developing and implementing risk management strategies, policies, and controls to mitigate identified risks. Additionally, the TBD will collaborate with stakeholders to ensure compliance with regulatory requirements and promote a risk-aware culture across the organization.



Responsibilities:



* Analyze potential risks across operational, financial, legal, regulatory, reputational and strategic areas to understand their likelihood and impact.
* Develop and implement treasury management (TM) strategies, policies, and procedures to reduce or eliminate risks and ensure business continuity.
* Ensure the TM organization adheres to laws, regulations, and industry standards, minimizing exposure to compliance-related risks.
* Continuously monitor the risk landscape, evaluate the effectiveness of controls, and prepare detailed reports for leadership and stakeholders.
* Respond to risk events by investigating root causes, addressing vulnerabilities, and implementing corrective measures.
* Work with internal and external stakeholders to foster a culture of risk awareness and integrate risk management into decision-making processes.
* Conduct risk awareness training to equip colleagues with the knowledge to identify and manage risks effectively.
* Monitor and report on transaction compliance and risk exposures related to the Bank's treasury management and card activities, spanning various risk dimensions, including operations, financial, fraud, money laundering, reputational, credit, and pricing.
* Review the quality and accuracy of daily and weekly reports produced by the TM organization.
* Ensure an efficient control and risk management framework for Treasury Management activities and contribute to its improvement, working closely with all TM teams, including Sales, Service, Product, Card, Implementations, Operations, Billing, and Analytics.
* Maintain evolving treasury systems data requirements.
* Oversee risk program requirements specific to Treasury Management (i.e., RCSA, KRI, KPI, Management Reporting, Issue Resolution, etc.)..
* Perform other duties as assigned by the immediate supervisor.
* Adhere to and comply with applicable federal and state laws, regulations, and guidance, including those related to anti-money laundering (i.e., Bank Secrecy Act, US PATRIOT Act, etc.).
* Adhere to Bank policies and procedures and complete required training.
* Identify and report suspicious activity.



Education, Skills & Experience:

* Bachelor's degree or equivalent combination of training and experience
* At least 7 years of financial services experience
* At least 7 years of treasury management experience
* At least 2 years of Treasury Management risk experience preferred
* In-depth to advanced knowledge and understanding of Treasury Management Products including Wires, ACH, Check Processing, Online Banking, Virtual Account Management, Commercial Card.
* Professional certification in Risk and/or Finance such as Financial Risk Manager (FRM), Professional Risk Manager (PRM), strongly preferred.
* Strong understanding of various process improvement methodologies (e.g., Lean, Six Sigma) and their practical application in diverse business environments.
* Exceptional leadership and communication skills with the ability to inspire and motivate teams towards achieving common goals.
* Demonstrated track record of successfully driving change initiatives and fostering a culture of continuous improvement.
* Strategic thinker with the ability to align process improvements with broader organizational strategies.
* A strong collaborator and relationship builder.
* A keen eye for identifying Operational efficiency opportunities.
* Must be technology-savvy, both from a day-to-day usage of office tools, to creative solutioning of risk-related opportunities.
* Analytical and numerical skills, with a good eye for detail.
* Ability to cope under pressure, with strong planning and organization skills.
* Demonstrated knowledge and experience of financial and/or risk reporting.


The estimated salary range for this position is $160,000 USD to $180,000 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.