What are the responsibilities and job description for the Managing Director, Credit Risk Reporting position 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!
The Managing Director of Credit Risk Reporting is responsible for providing executive level support related to the organization’s credit risk. The Managing Director must present accurate and insightful reporting regarding the status and trends of the Bank’s loan portfolio. Primary skills include a thorough understanding of credit data, ability to work with large and diverse data sets, and enhance report production and visualization. In this position, you will operate under minimal supervision and possess strong people management and team leadership skills. The Managing Director will lead a team and ensure accurate and consistent work within the group. Reports will be presented to Executive Leadership, as well as other internal and external stakeholders. The role requires a superior level of attention to detail as reports are used for financial purposes. In addition, the Managing Director must be able to work independently in a fast- paced environment.
Responsibilities:
Compile and analyze key credit risk indicators. Develop timely and accurate reports that are meaningful to drive business growth and make key decisions. Provide clear conclusions and highlight emerging areas of risk. Synthesize and present results, observations and recommendations to Executive leadership. Reports should be comprehensive and proactively manage critical trends in the portfolios.
Research and reconcile various data elements required for accurate reporting. Maintain a high level of accuracy in data quality. Thoroughly analyze data to identify anomalies. Integrate diverse and complex data sets from various sources. Work collaboratively with other colleagues to understand data gaps and build improved data extracts and quality.
Continually enhance report design and prepare professional level presentations; Streamline and automate processes and reports to drive the group’s transformation. Direct the continuous transformation of databases and analytics for improved data quality and integrity.
Manage projects as necessary to upgrade key systems and reporting tools, interfacing with other team members and technology partners. Drive discovery, develop solutions, align key stakeholders, and manage implementation steps and timelines.
Work closely with Internal and External Stakeholders, including Finance/Regulatory Reporting, CECL, Credit Risk Review, and SOX, to provide key information. Prepare accurate information for OCC requests. Communicate effectively with regulators as appropriate.
Demonstrate proficiency in reporting/systems to improve analysis and presentation, including Alteryx, Power BI and Sageworks. Understand and build any coding/development in the associated systems.
Own and manage various credit administration processes and meetings. Ensure a seamless end-to-end process, with accurate reports, timely agendas, distribution and minutes. Follow Up as needed with appropriate colleagues and ensure accuracy in core system processing. Function as the primary communicator of results, observations and recommendations with the Chief Credit Officer.
Lead and manage individuals within team to develop skills with a clear goal of personal growth and career progression. Review all department work to ensure accuracy, consistency, and professional level presentations. Provide necessary feedback for improvement. Act as role model and help define objectives, expectations and evaluations. Ensure self and team’s compliance with all regulations, policies, and procedures.
Education, Experience and Skills required:
Bachelor's and/or Master's Degree in Business, Finance, Accounting, Economics or similar
10-15 years' experience in banking or credit risk environment
Prior people management experience and an ability to motivate and inspire a team
Excellent oral and written skills and ability to prioritize and work with minimal supervision under unpredictable and dynamic conditions; Strong self-start initiative, Curious mindset for research
Strong organizational and project management skills and ability to work within short deadlines; Research, analytical, interpretation and problem-solving skills
Broad working knowledge of Webster Bank’s Credit Policy and familiarity with procedures
Strong Excel knowledge, including pivot tables, macros, and functions; Thorough knowledge of report construction and merging multiple data sets; Proficient with tools such as Alteryx, Power BI, Sageworks, and Business Objects
Demonstrate ethical behavior and integrity in everyday business conduct; Interact professionally with all colleagues
The estimated base salary range for this position is $165,00 USD to $185,000 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.
#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 Managing Director of Credit Risk Reporting is responsible for providing executive level support related to the organization’s credit risk. The Managing Director must present accurate and insightful reporting regarding the status and trends of the Bank’s loan portfolio. Primary skills include a thorough understanding of credit data, ability to work with large and diverse data sets, and enhance report production and visualization. In this position, you will operate under minimal supervision and possess strong people management and team leadership skills. The Managing Director will lead a team and ensure accurate and consistent work within the group. Reports will be presented to Executive Leadership, as well as other internal and external stakeholders. The role requires a superior level of attention to detail as reports are used for financial purposes. In addition, the Managing Director must be able to work independently in a fast- paced environment.
Responsibilities:
Compile and analyze key credit risk indicators. Develop timely and accurate reports that are meaningful to drive business growth and make key decisions. Provide clear conclusions and highlight emerging areas of risk. Synthesize and present results, observations and recommendations to Executive leadership. Reports should be comprehensive and proactively manage critical trends in the portfolios.
Research and reconcile various data elements required for accurate reporting. Maintain a high level of accuracy in data quality. Thoroughly analyze data to identify anomalies. Integrate diverse and complex data sets from various sources. Work collaboratively with other colleagues to understand data gaps and build improved data extracts and quality.
Continually enhance report design and prepare professional level presentations; Streamline and automate processes and reports to drive the group’s transformation. Direct the continuous transformation of databases and analytics for improved data quality and integrity.
Manage projects as necessary to upgrade key systems and reporting tools, interfacing with other team members and technology partners. Drive discovery, develop solutions, align key stakeholders, and manage implementation steps and timelines.
Work closely with Internal and External Stakeholders, including Finance/Regulatory Reporting, CECL, Credit Risk Review, and SOX, to provide key information. Prepare accurate information for OCC requests. Communicate effectively with regulators as appropriate.
Demonstrate proficiency in reporting/systems to improve analysis and presentation, including Alteryx, Power BI and Sageworks. Understand and build any coding/development in the associated systems.
Own and manage various credit administration processes and meetings. Ensure a seamless end-to-end process, with accurate reports, timely agendas, distribution and minutes. Follow Up as needed with appropriate colleagues and ensure accuracy in core system processing. Function as the primary communicator of results, observations and recommendations with the Chief Credit Officer.
Lead and manage individuals within team to develop skills with a clear goal of personal growth and career progression. Review all department work to ensure accuracy, consistency, and professional level presentations. Provide necessary feedback for improvement. Act as role model and help define objectives, expectations and evaluations. Ensure self and team’s compliance with all regulations, policies, and procedures.
Education, Experience and Skills required:
Bachelor's and/or Master's Degree in Business, Finance, Accounting, Economics or similar
10-15 years' experience in banking or credit risk environment
Prior people management experience and an ability to motivate and inspire a team
Excellent oral and written skills and ability to prioritize and work with minimal supervision under unpredictable and dynamic conditions; Strong self-start initiative, Curious mindset for research
Strong organizational and project management skills and ability to work within short deadlines; Research, analytical, interpretation and problem-solving skills
Broad working knowledge of Webster Bank’s Credit Policy and familiarity with procedures
Strong Excel knowledge, including pivot tables, macros, and functions; Thorough knowledge of report construction and merging multiple data sets; Proficient with tools such as Alteryx, Power BI, Sageworks, and Business Objects
Demonstrate ethical behavior and integrity in everyday business conduct; Interact professionally with all colleagues
The estimated base salary range for this position is $165,00 USD to $185,000 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.
#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.
Salary : $185,000
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