What are the responsibilities and job description for the Managing Director, Operational Risk Management 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 firstdoing 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
The Operational Risk Management (ORM) Managing Director is responsible for the execution of the design, development, and implementation of the Operational Risk Management Program for Webster Bank and its subsidiaries. Acts as a lead Single Point of Contact for the ORM team as it relates to the programmatical components of Operational Risk and assists with reporting to senior management. This role supports and ensures that governance activities are executed in an effective manner, including committee reporting and metrics. The Managing Director is responsible for the program build and ongoing enhancements to the program, including the new GRC implementation, the RCSA Uplift effort and ongoing build out of new capabilities to ensure the bank meets or exceeds increased regulatory standards. This role is responsible for leading a team of Operational Risk professionals focused on program components related to assessments, loss events, key risk indicators, and self-identified issues. Provides leadership to deliver effective 2nd line review and challenge and oversight in line with Risk Management's objectives. This role will also be involved with Internal Audits, control testing and will help drive a control-oriented culture across the Bank through their collaboration and partnership with colleagues in each line of defense.
Key Responsibilities
- Support the Head of Operational Risk Management (ORM) across the enterprise to strengthen the risk culture and 1st line ownership of risks and controls in alignment with the Risk Appetite Statement of the Bank
- Lead and execute on Operational Risk Management program elements :
Assess, recommend, and enhance overall Operational Risk Governance Framework
Requirements
Preferred :
Excellent communication, interpersonal and analytical skills required along with the ability to work independently. Ability to collaborate, connect and build relationships with all levels of an organization through advanced leadership skills. Excellent work ethic, accountability, integrity, high degree of autonomy and personal drive.
The estimated base salary range for this position is $175,000 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.
Salary : $175,000 - $200,000
