Webster Bank
Managing Director Counterparty Credit Risk
Join to apply for the
Managing Director Counterparty Credit Risk
role at
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! Reporting to the SMD of Counterparty Credit, the MD is primarily responsible for direct management and continuous improvement of the Counterparty Credit Stress testing, Surveillance and Reporting & Analytics functions, which encompasses a portfolio of over 50 counterparties covering a diverse set of products. The MD is responsible to: Safeguard the Bank’s interests by ensuring that Webster Bank only admits and transacts with counterparties that are financially and operationally sound and meet the expectations of Webster’s management, Board and regulators. Demonstrate an understanding of the OCC’s framework for counterparty risk management, with experience elevating counterparty analytics, and working with senior management to ensure Webster is at the forefront of credit risk management capabilities. Responsibilities are listed in priority order: Directly manage and continuously improve the counterparty stress testing program, including daily PFE calculation and reporting of MTM portfolio, quarterly stress testing under various scenarios, validate data comprehensiveness, and collaborate with partner functions responsible for stress testing the loan book and securities in first and second LOD functions. Reporting & analytics: tracking counterparty limits, concentrations, exceptions and potential internal/external audit findings. Build and maintain counterparty scorecard metrics aligned to the enterprise Risk Appetite Framework (RAF), DFAST and Reg. F responsibilities. Active monitoring and continuous improvement of the counterparty surveillance program, including early warning indicators of credit and financial performance deterioration. The incumbent will work collaboratively with the SMD, CCR team, stakeholders across the front-office, Independent Risk Management (IRM) functions and all audit partners to ensure that Webster Bank complies with Heightened Standards requirements and Large Financial Institution (LFI) preparedness measures. Job Responsibilities
Direct management and continuous improvement of Counterparty stress testing platform (FIS Adaptiv) to produce daily PFE calculation (SA-CCR, MPoR, XVA), required for effective limits management; manage quarterly credit stress testing under various market scenarios. Assist in managing the day-to-day counterparty limit monitoring process by tracking risk metrics vs. approved limits, addressing limit breaches, and following up on remediation efforts with front-line teams, across various trading desks. Analyze potential wrong-way risk, stress scenarios, and concentration risks across traded products. Manage DFAST and Reg. F reporting and monitor market developments, regulatory changes (e.g., Basel III/IV, SA-CCR) and emerging counterparty risks. Develop, enhance, and actively leverage the surveillance program as early warning indicator of deteriorating credit and financial performance of counterparties, in partnership with the SMD for Counterparty. Partner with Credit Risk Reporting teams to enhance existing scorecards, metrics, and models to ensure risks are appropriately captured. Effectively communicate with team members, senior risk management, and audit on strategies related to open issues, testing results, corrective measures, and closure of audit/regulatory issues. Underwriting and other responsibilities, as needed. Education, Experience And Skills
Bachelor’s Degree Required - Business, Finance, Accounting or Economics preferred. 7-10 years of related experience in counterparty credit risk, stress testing, or trade product risk within a global bank or financial institution. Technical expertise with FIS Adaptiv, or similar Stress Testing platforms, and ability to incorporate data and create analytical reports from various external sources (S&P Market Intelligence, Bloomberg, Moody’s, Fitch, etc.). Deep understanding of FX, derivatives, securities lending, repo, insurance companies (BOLI), broker/dealers and structured finance products. Subject matter expertise in SA-CCR, SR 11-10, OCC Heightened Standards, derivatives, insurance, DFAST and Reg. F reporting. Strong grasp of legal documentation (ISDA, CSA, GMRA, GMSLA) and enforceability. Excellent communication and presentation skills, with the ability to influence. Ability to prioritize work to meet deadlines and work independently or in a team. Experience with Large Financial Institutions (LFI) transformation initiatives, preferred. This role can be based in our NYC, Jericho, Paramus, and Stamford CT locations for the right candidate. The estimated base salary range for this position is $190,000 USD to $200,000 USD. Actual salary may vary up or down depending on knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation. 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. Seniority level
Executive Employment type
Full-time Job function
Business Development and Sales Industries
Banking All content is current as of the publishing date and does not guarantee future employment opportunities. All rights reserved.
#J-18808-Ljbffr
Join to apply for the
Managing Director Counterparty Credit Risk
role at
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! Reporting to the SMD of Counterparty Credit, the MD is primarily responsible for direct management and continuous improvement of the Counterparty Credit Stress testing, Surveillance and Reporting & Analytics functions, which encompasses a portfolio of over 50 counterparties covering a diverse set of products. The MD is responsible to: Safeguard the Bank’s interests by ensuring that Webster Bank only admits and transacts with counterparties that are financially and operationally sound and meet the expectations of Webster’s management, Board and regulators. Demonstrate an understanding of the OCC’s framework for counterparty risk management, with experience elevating counterparty analytics, and working with senior management to ensure Webster is at the forefront of credit risk management capabilities. Responsibilities are listed in priority order: Directly manage and continuously improve the counterparty stress testing program, including daily PFE calculation and reporting of MTM portfolio, quarterly stress testing under various scenarios, validate data comprehensiveness, and collaborate with partner functions responsible for stress testing the loan book and securities in first and second LOD functions. Reporting & analytics: tracking counterparty limits, concentrations, exceptions and potential internal/external audit findings. Build and maintain counterparty scorecard metrics aligned to the enterprise Risk Appetite Framework (RAF), DFAST and Reg. F responsibilities. Active monitoring and continuous improvement of the counterparty surveillance program, including early warning indicators of credit and financial performance deterioration. The incumbent will work collaboratively with the SMD, CCR team, stakeholders across the front-office, Independent Risk Management (IRM) functions and all audit partners to ensure that Webster Bank complies with Heightened Standards requirements and Large Financial Institution (LFI) preparedness measures. Job Responsibilities
Direct management and continuous improvement of Counterparty stress testing platform (FIS Adaptiv) to produce daily PFE calculation (SA-CCR, MPoR, XVA), required for effective limits management; manage quarterly credit stress testing under various market scenarios. Assist in managing the day-to-day counterparty limit monitoring process by tracking risk metrics vs. approved limits, addressing limit breaches, and following up on remediation efforts with front-line teams, across various trading desks. Analyze potential wrong-way risk, stress scenarios, and concentration risks across traded products. Manage DFAST and Reg. F reporting and monitor market developments, regulatory changes (e.g., Basel III/IV, SA-CCR) and emerging counterparty risks. Develop, enhance, and actively leverage the surveillance program as early warning indicator of deteriorating credit and financial performance of counterparties, in partnership with the SMD for Counterparty. Partner with Credit Risk Reporting teams to enhance existing scorecards, metrics, and models to ensure risks are appropriately captured. Effectively communicate with team members, senior risk management, and audit on strategies related to open issues, testing results, corrective measures, and closure of audit/regulatory issues. Underwriting and other responsibilities, as needed. Education, Experience And Skills
Bachelor’s Degree Required - Business, Finance, Accounting or Economics preferred. 7-10 years of related experience in counterparty credit risk, stress testing, or trade product risk within a global bank or financial institution. Technical expertise with FIS Adaptiv, or similar Stress Testing platforms, and ability to incorporate data and create analytical reports from various external sources (S&P Market Intelligence, Bloomberg, Moody’s, Fitch, etc.). Deep understanding of FX, derivatives, securities lending, repo, insurance companies (BOLI), broker/dealers and structured finance products. Subject matter expertise in SA-CCR, SR 11-10, OCC Heightened Standards, derivatives, insurance, DFAST and Reg. F reporting. Strong grasp of legal documentation (ISDA, CSA, GMRA, GMSLA) and enforceability. Excellent communication and presentation skills, with the ability to influence. Ability to prioritize work to meet deadlines and work independently or in a team. Experience with Large Financial Institutions (LFI) transformation initiatives, preferred. This role can be based in our NYC, Jericho, Paramus, and Stamford CT locations for the right candidate. The estimated base salary range for this position is $190,000 USD to $200,000 USD. Actual salary may vary up or down depending on knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation. 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. Seniority level
Executive Employment type
Full-time Job function
Business Development and Sales Industries
Banking All content is current as of the publishing date and does not guarantee future employment opportunities. All rights reserved.
#J-18808-Ljbffr