Hybrid Managing Director – Counterparty Credit Risk

at Webster Bank

• Job title: Managing Director – Counterparty Credit Risk
• Job type: Full Time
• Experience level: Lead
• Salary: $190,000 - $200,000 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Paramus, United States

About the role

• Managing Director responsible for Counterparty Credit Risk functions at Webster Bank. Leading stress testing, risk management, and compliance initiatives across multiple locations and teams.

Responsibilities

• Direct management and continuous improvement of Counterparty stress testing platform (FIS Adaptiv) to produce daily PFE calculation (SA-CCR, MPoR, XVA), required for effective limits management; manage quarterly credit stress testing under various market scenarios.
• Assist in managing the day-to-day counterparty limit monitoring process by tracking risk metrics vs. approved limits, addressing limit breaches, and following up on remediation efforts with front-line teams, across various trading desks.
• Analyze potential wrong-way risk, stress scenarios, and concentration risks across traded products.
• Manage DFAST and Reg. F reporting and monitor market developments, regulatory changes (e.g., Basel III/IV, SA-CCR) and emerging counterparty risks.
• Along with SMD for Counterparty, develop, enhance, and actively leverage the surveillance program as early warning indicator of deteriorating credit and financial performance of counterparties.
• Partner with Credit Risk Reporting teams to enhance existing scorecards, metrics, and models to ensure risks are appropriately captured.
• Effectively communicate with team members, senior risk management, and audit on strategies related to open issues, testing results, corrective measures, and closure of audit/regulatory issues.
• Underwriting and other responsibilities, as needed.

Requirements

• Bachelor’s Degree Required-Business, Finance, Accounting or Economics preferred.
• 7-10 years of related experience in counterparty credit risk, stress testing, or trade product risk within a global bank or financial institution.
• Technical expertise with FIS Adaptiv, or similar Stress Testing platforms, as well as ability to incorporate data and create analytical reports from various external sources (S&P Market Intelligence, Bloomberg, Moody’s, Fitch, etcs…)
• Deep understanding of FX, derivatives, securities lending, repo, insurance companies (BOLI), broker/dealers and structured finance products.
• Demonstrate subject matter expertise in SA-CCR, SR 11-10, OCC Heightened Standards, derivatives, insurance, DFAST and Reg. F reporting.
• Strong grasp of legal documentation (ISDA, CSA, GMRA, GMSLA) and enforceability.
• Excellent communication and presentation skills, with the ability to influence.
• Ability to prioritize work to meet deadlines and work both independently and within a team structure.
• Experience working on Large Financial Institutions (LFI) transformation initiatives, preferred.