Webster Bank
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 purpose of this role is to mature our Risk Management practices and meet heightened regulatory expectations. This role will run the Control Testing process for Credit Risk Management. They will help standup the program to perform ongoing monitoring of Credit Risk Management's control environment. They will be responsible for performing Control Testing around SOX Key Controls and non-SOX controls.
Responsibilities
Credit Risk Oversight Assist in the development of the Credit Risk Management Program. Execute on an oversight program to ensure compliance with requirements of the Credit Risk Management Program. Assist with the identification of material Credit risks and develop Key Risk Indicators to be used to monitor the effectiveness of Credit's Control Environment. 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. Execute documentation of RSCA processes across Credit Risk to ensure it aligns with regulatory requirements and industry best practices. 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. Execute on a risk-based control testing program to evaluate the effectiveness of internal controls that impact Credit risk.
Education, Experience and Skill requirements:
The ideal candidate will have the following:
Education: Bachelor's Degree in Business, Finance, Accounting, Economics, Data Science or similar
Experience:
8+ 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:
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 Self-motivated with minimal oversight Natural curiosity, can find creative solutions to effectively address stakeholder needs
The estimated base salary range for this position is $110,000 USD to $150,000USD. 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.
#LI-JW1
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.
Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!
The purpose of this role is to mature our Risk Management practices and meet heightened regulatory expectations. This role will run the Control Testing process for Credit Risk Management. They will help standup the program to perform ongoing monitoring of Credit Risk Management's control environment. They will be responsible for performing Control Testing around SOX Key Controls and non-SOX controls.
Responsibilities
Credit Risk Oversight Assist in the development of the Credit Risk Management Program. Execute on an oversight program to ensure compliance with requirements of the Credit Risk Management Program. Assist with the identification of material Credit risks and develop Key Risk Indicators to be used to monitor the effectiveness of Credit's Control Environment. 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. Execute documentation of RSCA processes across Credit Risk to ensure it aligns with regulatory requirements and industry best practices. 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. Execute on a risk-based control testing program to evaluate the effectiveness of internal controls that impact Credit risk.
Education, Experience and Skill requirements:
The ideal candidate will have the following:
Education: Bachelor's Degree in Business, Finance, Accounting, Economics, Data Science or similar
Experience:
8+ 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:
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 Self-motivated with minimal oversight Natural curiosity, can find creative solutions to effectively address stakeholder needs
The estimated base salary range for this position is $110,000 USD to $150,000USD. 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.
#LI-JW1
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.