Hybrid Managing Director – Counterparty Credit Risk

Posted last month

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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.

Job title

Managing Director – Counterparty Credit Risk

Job type

Experience level

Lead

Salary

$190,000 - $200,000 per year

Degree requirement

Bachelor's Degree

Location requirements

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