Director, Risk Management & Front Line Controls- Commercial Banking at Webster Bank in Stamford, 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!


Position Summary


Front Line Controls Officer & Risk Management Professional to serve Commercial Banking on providing oversight and guidance and execution of risk management tools and techniques. This role will be the primary point-of-contact for the oversight of operational, compliance and risk related matters for multiple assessable units within Webster Bank. As the primary point-of-contact, this colleague is expected to partner with the First Line Unit Business Executive (FLU) and designees to lead and review risk & control self-assessments, risk events, risk metrics, issues (also known as control gap identification and mitigation), losses, and new activities. The Director helps to drive a control-oriented culture across the line of business through their collaboration and partnership with colleagues in each of the lines of defense and with the second line and third lines of defense.


Key Responsibilities

• Serve as dedicated subject matter expert for assigned Front Line Units (FLU). Support the Managing Director and act as the primary point-of-contact for operational, compliance and risk related matters for the Commercial Bank.


• Lead the FLU and designees through and manage the risk & control self-assessment process.


• Analyze results, identify control weaknesses/gaps, and suggest actions to mitigate risk and will liaise directly with ORM on effective challenges.


• Lead and assist FLUs with the development and maintenance of primary and secondary risk metrics to monitor the risk profile of the respective FLU(s); Prepare and distribute risk metric reporting quarterly (at a minimum).


• Lead and assist the FLU with the identification, analysis and future mitigation of risk issues and events.


• Analyze operational loss reporting to identify themes, trends, and/or patterns. Encourage first line self-identification of control gaps.


• Partner with FLU and 2LOD/3LOD to develop action plans to resolve the control gaps.


• Monitor new activity (also known as new products and/or services) initiatives and provide appropriate review, assessment, and challenge.


• Develop, maintain, and refresh internal risk management procedures, policies, and processes.


• Able to work on multiple projects/initiatives concurrently (e.g., committees, projects, risk reporting) to be able to understand the team's strategic objectives and decision making for execution.


• Direct and manage ad-hoc projects and/or initiatives.

Requirements

• Bachelor's degree in related field, or equivalent experience, required.


• 7+ years of experience in risk management and/or audit in financial institutions.


• Certified Risk Professional (CRP) certification(s) desired but not required.


• Expert knowledge of operational risk, regulatory expectations, and bank best practices.

The estimated base salary range for this position is $120,000 USD to $ 140,000 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. Apply Now