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!
The MD, Finance First Line Risk – Reporting role will lead the first line risk management program for the Accounting and FP&A verticals of the Finance organization. Key responsibilities include managing and supporting RCSA execution; supporting development and monitoring of KRIs and metrics at the Board, Management, and First Line Unit level; supporting governance, policy and procedure alignment across Finance; leading issue identification and management for Accounting and FP&A-related processes; and serving as liaison with auditors and regulators through examinations. In addition, this role will work closely with the 2nd line Financial Risk Management and SOX teams through execution of risk management activities.
Job Responsibilities:
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Lead Accounting and FP&A Risk Control Self Assessments (RCSA), including process definition, risk and control identification, and issue identification
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Develop and lead testing function for key controls
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Lead Issue Management process for Accounting and FP&A -related issues (audit, regulatory, self-identified) and ensure remediation plans are appropriate and timely address related risks and control gaps
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Develop reporting to Accounting and FP&A leadership on risk management activities
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Support KRI/metric development, monitoring and reporting for Board, Management and First Line Unit (FLU) levels
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Serve as liaison for audits and examinations, and interface with regulators
Education/Experience/Skills:
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Bachelor’s Degree in finance, business, accounting, economics, or related field required; advanced degree preferred
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CPA, CIA, or other similar designation (CFA) a plus
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10-12+ years of experience in risks in controls function (operational risk management, enterprise risk management, audit/SOX, first line risk management)
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Substantial Accounting and/or FP&A experience within Banking sector required including Regulatory Reporting, Tax Compliance, and Budgeting and Forecasting
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Excellent interpersonal, team building, and communication skills required
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Ability to influence stakeholders at all levels of the organization to drive desired outcomes
The estimated base salary range for this position is $180,000 USD to $215,000 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.
What We Do
Webster is a leading commercial bank that delivers financial solutions to business, individuals, families and partners. With more than $60 billion in assets, we offer digital and traditional service delivery through our differentiated lines of business: Commercial Banking, Consumer Banking and HSA Bank, one of the country’s largest providers of employee benefits solutions.
Webster Financial Corporation and its subsidiaries ("Webster") are equal opportunity and affirmative action employers M/F/D/V. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, marital status, national origin, ancestry, citizenship, sex, sexual orientation, gender identity and/or expression, physical or mental disability, protected veteran status, or any other characteristic protected by law.
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