Analyst, Counterparty Credit Risk

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!

Reporting to the SMD of Counterparty Credit, the Credit Risk Analyst will be primarily responsible for the authoring counterparty credit assessments (underwriting) (80%), and monitoring of counterparties (20%), covering Consumer, Commercial and Treasury portfolios, where there is counterparty exposure to the Bank.

The role requires the incumbent to: (1) produce high-quality counterparty credit underwriting reports, (2) monitor all approved counterparties to identify credit limit breaches, (3) adjust program logic to calibrate approval limits, and (4) actively surveil financial performance metrics and rating changes.  As an outflow of surveillance, the incumbent is responsible for generating routine-based surveillance reporting, updating dashboards, validating findings, and reviewing all exposures with counterparty credit senior management prior to further escalation and distribution. The incumbent will also run the portfolio stress testing tool to assist management in recalibrating credit limits appropriately.

Key responsibilities:

• Produce counterparty credit underwritings predicated on the CAMELS methodology (Capital Adequacy, Asset Quality, Management Capabilities, Earnings and Profitability, Liquidity and Funding Stability, and Sensitivity to Market Risk), in addition to complying with Webster Credit Rating Criteria.  
• Monitor approved counterparties in Bank surveillance program, identifying approval limit breaches, trends in financial performance and rating changes.
• Technical expertise to incorporate data and create data visualizations from various external sources (S&P Market Intelligence, Bloomberg, Moody’s, Fitch, etcs…)
• Generate all surveillance-based reporting, partner with IT to update all dashboards and review findings with counterparty senior management.
• Run counterparty stress testing tool on bank portfolio with emphasis on Potential Future Exposure (PFE) calculation; partner with other stress testing teams across the Bank with exposure to underlying transactions connected to counterparties.
• Support all stakeholders involved in the compilation of status reporting for committee structures, department updates and PMO.

Skills/experience:

• Bachelor’s Degree Required-Business, Finance, Accounting or Economics preferred.
• 5-7 years of related underwriting experience – sound understanding of cash flow analysis from financial statements, credit rating agency reporting and investor presentations
• Experience working in surveillance platforms, eGRCs, and audit platforms, preferred.
• Sufficient understanding of securities markets, derivatives, and options trading strategies.
• Familiarity with process map development and procedures to support department’s consistent application of policy and compliance with external/internal audit requirements.
• Ability to prioritize work to meet deadlines and work both independently and within a team structure.

The estimated salary range for this position is $80,000 USD to $93,000 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.