What are the responsibilities and job description for the Managing Director, Enterprise Risk Management-ERM Programs Lead 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!
Position Summary
Develops and implements risk management programs to support effective Risk Governance Framework in collaboration with key stakeholders across front line units and independent risk management teams. Responsible for uplifting existing processes for Risk Identification, Emerging Risks, Risk Assessments (LRPA, ERA), and reporting results to senior and executive management and the Board. This individual will drive process and program improvements to align with large financial institution expectations.
Key Responsibilities
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.
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!
Position Summary
Develops and implements risk management programs to support effective Risk Governance Framework in collaboration with key stakeholders across front line units and independent risk management teams. Responsible for uplifting existing processes for Risk Identification, Emerging Risks, Risk Assessments (LRPA, ERA), and reporting results to senior and executive management and the Board. This individual will drive process and program improvements to align with large financial institution expectations.
Key Responsibilities
- Responsible for design and implementation of key risk management programs to support effective Risk Governance Framework in collaboration with key stakeholders across front line units and independent risk management teams.
- Will play a critical role in uplifting existing processes for Risk Identification, Emerging Risks, Risk Assessments (LRPA, ERA), and reporting results in line with the Bank’s growing size and complexity.
- Responsible for designing risk programs which support universal language of risks and controls, comparable risk assessment results across control functions and facilitates organized risk aggregation process while minimizing manual processing and reducing duplicative efforts.
- Will be a key stakeholder in the Bank’s GRC platform transformation, ensuring risk programs align with system capabilities and industry best practice. Responsible for designing and owning key taxonomies, methodologies, and other foundational elements to support an effective GRC environment.
- Maintain expert knowledge of external environment factors which impact risk profile, and ensuring emerging risks are identified, assessed and addressed properly by stakeholders.
- Lead the development of policies and procedures supporting implementation of risk programs and effectively deliver communications and training to various stakeholders across all levels of the organization.
- Leads change. Guides others and inspires strong organizational performance through periods of transformation, ambiguity, and complexity. Drive operational improvements through system implementation and beyond.
- Bachelor's degree in related field required; advanced degree preferred.
- 10 years of experience in Risk Management, including minimum 5 years progressive leadership experience in risk management. Experience in large banking environment strongly preferred.
- Program management experience with enterprise-wide impact required. Ability to manage complex projects concurrently with a wide range of stakeholders required.
- Excellent writing skills, oral communication and interpersonal skills with ability to put technical terms into business communication for non-technical professionals or to present recommendations to senior management. The position requires interaction with various levels of internal staff and 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.
- Strong communication skills, both written and verbal, including ability to create concise, actionable reporting for executive management and the Board.
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.
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 : $200,000
