Webster Bank
Managing Director, Financial Risk Management-Treasury
Webster Bank, Baltimore, Maryland, United States,
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 SUMMARYThe
MD, Financial Risk Management - Treasury
role will play an important role in safeguarding the financial health of our organization by identifying, assessing, and mitigating treasury related risks, with focus on Capital, interest rate, liquidity, and pricing risks. Key responsibilities include enhance and manage second line oversight and governance of treasury risks, challenge assumptions and monitor KRIs and metrics at the Board, Management, and First Line Unit levels, support policy and procedure governance and align across Finance; lead issue identification and remediation, support 1st line unit with testing and review processes with challenge and assist with regulator examinations. Additionally, this role will work closely with the 1st line Financial Risk through execution and oversight of risk management activities. Performs other projects and duties as assigned.KEY RESPONSIBILITIESProvide ongoing oversight of Webster’s Treasury risk management activities including balance sheet positions and changes, key risk modeling assumptions, liquidity stress testing, funds transfer pricing (FTP), and Capital and investment portfolio strategies.Responsible for the preparation and maintenance of comprehensive documentation on processes, controls, metrics, and oversight activities including the preparation and presentation of management and committee level reports.Conduct periodic risk assessments, review and challenge 1st line testing, monitor metrics and compliance with limits, track actions plans, support issue remediation, and oversight activities to support independent assessments of the sufficiency of risk management practices and the ability to measure levels of risk compared to the risk appetite.Challenge and review strategies to manage interest rate risk, assumptions, model changes and coordinate with other 2nd line risk teams for model validations and governance over tools.Review and engage with Capital planning process, challenge strategies to maintain adequate levels in accordance with regulatory requirement and organizational risk appetite.Assist with oversight and coordination of policy documentation, limit calibration and compliance (monitoring metrics), model and scenario testing assumptions, as well as other oversight activities that contribute to periodic quantitative and qualitative assessments of risk management practices to accurately reflect the company's risk profile relative to the risk appetite, corporate policies, and regulatory requirements and expectations.Support Financial Risk Management as needed on projects and initiatives including process performance and cross-training, ad hoc risk assessments, industry engagement, examination/audits.REQUIREMENTSBachelor’s degree in finance, business, accounting, economics, or related field required; advanced degree MBA or CFA preferred.10-12+ years of experience in a financial institution or large corporation related to treasury risk management and or controls function (operational risk management, enterprise risk management, compliance, audit/SOX, first line risk management).Strong understanding of treasury functions, financial markets, and treasury risk management principles and practices.Familiarity with advanced risk management frameworks such as, Basel and Financial Stability Board’s Principles for Sound Stress Testing.Excellent interpersonal skills, ability to effectively communicate complex risk concepts to a broad audience, team building experience, and strong written and verbal communication skills required.Ability to influence stakeholders at all levels of the organization to drive desired outcomes.The estimated base salary range for this position is $180,000 USD to $215,000 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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MD, Financial Risk Management - Treasury
role will play an important role in safeguarding the financial health of our organization by identifying, assessing, and mitigating treasury related risks, with focus on Capital, interest rate, liquidity, and pricing risks. Key responsibilities include enhance and manage second line oversight and governance of treasury risks, challenge assumptions and monitor KRIs and metrics at the Board, Management, and First Line Unit levels, support policy and procedure governance and align across Finance; lead issue identification and remediation, support 1st line unit with testing and review processes with challenge and assist with regulator examinations. Additionally, this role will work closely with the 1st line Financial Risk through execution and oversight of risk management activities. Performs other projects and duties as assigned.KEY RESPONSIBILITIESProvide ongoing oversight of Webster’s Treasury risk management activities including balance sheet positions and changes, key risk modeling assumptions, liquidity stress testing, funds transfer pricing (FTP), and Capital and investment portfolio strategies.Responsible for the preparation and maintenance of comprehensive documentation on processes, controls, metrics, and oversight activities including the preparation and presentation of management and committee level reports.Conduct periodic risk assessments, review and challenge 1st line testing, monitor metrics and compliance with limits, track actions plans, support issue remediation, and oversight activities to support independent assessments of the sufficiency of risk management practices and the ability to measure levels of risk compared to the risk appetite.Challenge and review strategies to manage interest rate risk, assumptions, model changes and coordinate with other 2nd line risk teams for model validations and governance over tools.Review and engage with Capital planning process, challenge strategies to maintain adequate levels in accordance with regulatory requirement and organizational risk appetite.Assist with oversight and coordination of policy documentation, limit calibration and compliance (monitoring metrics), model and scenario testing assumptions, as well as other oversight activities that contribute to periodic quantitative and qualitative assessments of risk management practices to accurately reflect the company's risk profile relative to the risk appetite, corporate policies, and regulatory requirements and expectations.Support Financial Risk Management as needed on projects and initiatives including process performance and cross-training, ad hoc risk assessments, industry engagement, examination/audits.REQUIREMENTSBachelor’s degree in finance, business, accounting, economics, or related field required; advanced degree MBA or CFA preferred.10-12+ years of experience in a financial institution or large corporation related to treasury risk management and or controls function (operational risk management, enterprise risk management, compliance, audit/SOX, first line risk management).Strong understanding of treasury functions, financial markets, and treasury risk management principles and practices.Familiarity with advanced risk management frameworks such as, Basel and Financial Stability Board’s Principles for Sound Stress Testing.Excellent interpersonal skills, ability to effectively communicate complex risk concepts to a broad audience, team building experience, and strong written and verbal communication skills required.Ability to influence stakeholders at all levels of the organization to drive desired outcomes.The estimated base salary range for this position is $180,000 USD to $215,000 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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