Managing Director, Enterprise Risk Management

Posted:
3/3/2025, 4:00:00 PM

Location(s):
Stamford, Connecticut, United States ⋅ Southington, Connecticut, United States ⋅ New York, New York, United States ⋅ New York, United States ⋅ Jericho, New York, United States ⋅ Connecticut, United States

Experience Level(s):
Expert or higher ⋅ Senior

Field(s):
Business & Strategy

Workplace Type:
Hybrid

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:

Lead implementation of Strategic and Reputational oversight programs in independent risk management, a key deliverable for Heightened Standards compliance efforts.

Key Responsibilities:

  • Responsible for the design, implementation, and execution of the Enterprise Risk Management (2LOD) programs for Strategic and Reputational Risk

  • Responsible for providing oversight and effective challenge to individuals charged with identification, assessment, and controlling of material strategic and reputational risks in the front-line units.

  • Develop risk governance program documentation in line with Enterprise Risk Governance Framework and related policies.

  • Oversee the execution and provide effective challenge to the annual Strategic Planning Risk Assessment, including operationalizing program and process maturity enhancements.

  • Provide challenge to control design, assessments, control testing, and KPIs and KRIs as appropriate.

  • Provide input into enterprise-wide risk appetite for appropriate risk types.

  • Monitor for new legal and/or regulatory requirements and communicate to stakeholders as required. Oversee and/or conduct gap analyses and monitor progress toward implementation.

Specific Skills and Experience:

  • Minimum Bachelor degree is required. Advanced degree is highly preferred.

  • 10+ years progressive financial services industry experience in risk management, compliance or audit required.

  • Strong knowledge of Risk Management program and frameworks required. Experience in strategic and reputational risk management strongly preferred.

  • Experience in developing, implementing. And operationalizing risk management programs.

  • Ability to plainly describe risk concepts to first line operational personnel.

  • Synthesis of complex and potentially conflicting data into simple, actionable reporting.

  • Strong written and verbal communication skills -- ability to collaborate, communicate, and influence up/down and across the organization with internal/external partners.

  • Ability to resolve conflicting opinions without compromising high quality risk management.

  • Proven ability in building and fostering strong, positive working relationships in a large organization to enable a strong understanding and close alignment with business needs, direction, and risk appetite.

  • Strong interpersonal skills, ability to partner and consult with and influence other managers.

  • Auditing or risk management certification is desired.

  • This position will have a hybrid schedule and can be based onsite in Southington, CT, White Plains, NY or Jericho, NY

The estimated base salary range for this position is $182,000 USD to $200,000 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.