Webster Bank
Webster is a leading commercial bank focused on people and communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence guide our work and we offer robust development opportunities and meaningful work.
Overview
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, covering a portfolio of over 50 counterparties with a diverse set of products. Responsibilities
Safeguard the Bank’s interests by ensuring Webster Bank transacts with counterparties that are financially and operationally sound and meet management, Board and regulatory expectations. Demonstrate understanding of the OCC framework for counterparty risk management, elevate counterparty analytics, and work with senior management to keep Webster at the forefront of credit risk management capabilities. 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, validating data completeness, and collaborating with partner functions responsible for stress testing the loan book and securities in first and second lines of defense. Oversee Reporting & Analytics: track counterparty limits, concentrations, exceptions and potential audit findings; build and maintain counterparty scorecard metrics aligned to the enterprise Risk Appetite Framework (RAF), DFAST and Reg. F responsibilities. Actively monitor and improve the counterparty surveillance program with early warning indicators of credit and financial performance deterioration. Collaborate with the SMD, CCR team, front-office stakeholders, Independent Risk Management (IRM) and audit partners to ensure Webster Bank complies with Heightened Standards and Large Financial Institution preparedness measures. Job Responsibilities
Direct management and continuous improvement of the Counterparty stress testing platform (FIS Adaptiv) to produce daily PFE calculations (SA-CCR, MPoR, XVA) and quarterly credit stress testing under various market scenarios. Assist in managing day-to-day counterparty limit monitoring, track risk metrics vs. approved limits, address breaches, and coordinate remediation with front-line teams across trading desks. Analyze potential wrong-way risk, stress scenarios, and concentration risks across traded products. Manage DFAST and Reg. F reporting; monitor market developments, regulatory changes (Basel III/IV, SA-CCR) and emerging counterparty risks. Develop, enhance, and leverage the surveillance program as an early warning indicator of deteriorating counterparty credit and financial performance. Partner with Credit Risk Reporting teams to enhance scorecards, metrics, and models to ensure risks are properly captured. Communicate effectively with team members, senior risk management, and audit on strategies related to open issues, testing results, corrective actions, 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; ability to integrate data and create analytical reports from external sources (S&P Market Intelligence, Bloomberg, Moody’s, Fitch, etc.). Deep understanding of FX, derivatives, securities lending, repo, 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 within a team. Experience with Large Financial Institutions (LFI) transformation initiatives, preferred. Location flexibility: NYC, Jericho, Paramus, or Stamford CT for the right candidate. Salary: The estimated base salary range is $190,000 to $200,000 USD. Actual salary may vary based on knowledge, skills, experience, and location. This role 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.
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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, covering a portfolio of over 50 counterparties with a diverse set of products. Responsibilities
Safeguard the Bank’s interests by ensuring Webster Bank transacts with counterparties that are financially and operationally sound and meet management, Board and regulatory expectations. Demonstrate understanding of the OCC framework for counterparty risk management, elevate counterparty analytics, and work with senior management to keep Webster at the forefront of credit risk management capabilities. 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, validating data completeness, and collaborating with partner functions responsible for stress testing the loan book and securities in first and second lines of defense. Oversee Reporting & Analytics: track counterparty limits, concentrations, exceptions and potential audit findings; build and maintain counterparty scorecard metrics aligned to the enterprise Risk Appetite Framework (RAF), DFAST and Reg. F responsibilities. Actively monitor and improve the counterparty surveillance program with early warning indicators of credit and financial performance deterioration. Collaborate with the SMD, CCR team, front-office stakeholders, Independent Risk Management (IRM) and audit partners to ensure Webster Bank complies with Heightened Standards and Large Financial Institution preparedness measures. Job Responsibilities
Direct management and continuous improvement of the Counterparty stress testing platform (FIS Adaptiv) to produce daily PFE calculations (SA-CCR, MPoR, XVA) and quarterly credit stress testing under various market scenarios. Assist in managing day-to-day counterparty limit monitoring, track risk metrics vs. approved limits, address breaches, and coordinate remediation with front-line teams across trading desks. Analyze potential wrong-way risk, stress scenarios, and concentration risks across traded products. Manage DFAST and Reg. F reporting; monitor market developments, regulatory changes (Basel III/IV, SA-CCR) and emerging counterparty risks. Develop, enhance, and leverage the surveillance program as an early warning indicator of deteriorating counterparty credit and financial performance. Partner with Credit Risk Reporting teams to enhance scorecards, metrics, and models to ensure risks are properly captured. Communicate effectively with team members, senior risk management, and audit on strategies related to open issues, testing results, corrective actions, 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; ability to integrate data and create analytical reports from external sources (S&P Market Intelligence, Bloomberg, Moody’s, Fitch, etc.). Deep understanding of FX, derivatives, securities lending, repo, 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 within a team. Experience with Large Financial Institutions (LFI) transformation initiatives, preferred. Location flexibility: NYC, Jericho, Paramus, or Stamford CT for the right candidate. Salary: The estimated base salary range is $190,000 to $200,000 USD. Actual salary may vary based on knowledge, skills, experience, and location. This role 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.
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