Senior Analyst Operational Risk Management

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 Operational Risk Manager is responsible for leading and and executing activities supporting consistent and quality execution of risk management activities, including Risk and Control Self-Assessments, monitoring remediation activities, New Activities Program, Model Validation support, and/or regulatory exam and SOX testing support. This individual will act as Point of Contact for audit related activities such as regulatory audits, internal audits, and SOX. ORM Manager will be responsible for defining and establishing reporting processes for key risk indicator data from business unit(s) to assist with reporting deliverables, support first line in raising self-identified issues and vulnerabilities, and providing guidance and ensuring appropriate corrective actions are taken to address known gaps. They will also provide ongoing and value-added operational risk consultation to the line of business to influence process changes and management support with balanced and effective solutions.

• Lead and execute activities supporting consistent and quality execution and ongoing enhancement of risk management activities, including:

  • Risk and Control Self-Assessments, monitoring remediation activities, New Activities Program, Model Validation support, and/or regulatory exam and SOX testing support.

  • Act as Point of Contact for audit related activities such as regulatory audits, internal audits, and SOX

  • Defining and establishing reporting processes for key risk indicator data from business unit(s) to assist with reporting deliverables.

• Support first line in raising self-identified issues and vulnerabilities, provide guidance and ensure appropriate corrective actions are taken to address known gaps.

• Provide ongoing and value-added operational risk consultation to the line of business to influence process changes and management support with balanced and effective solutions. Prepare written analyses and reports to management for presentation to the Operational Risk Management Committee and other Risk Committees as appropriate.

• Serve as ambassador to ORM and Risk Appetite strategy by demonstrating general knowledge and links to day-to-day work as appropriate.

• Act as secretary for monthly/quarterly risk meeting, including recording the minutes and verifying that any follow-ups, action items, etc from meetings are executed.

• Develops and maintains risk management procedures

• Implement design and oversight of control testing

• Stay abreast of industry trends.

• Other duties as assigned.

Requirements:

• Bachelor’s Degree in Business Administration, Auditing, or related field or equivalent combination of training, education and experience

• Certified Risk Professional (CRP) certification(s) is a plus.

• Banking operations experience is a plus.

• Compliance background is a plus.

• Working knowledge of products, services, processes, requirements, and systems related to the bank

• Working knowledge of operational, regulatory and audit risk control concepts and standards

• Effective organizational, planning and time management skills

• Effective research and presentation skills

• Effective skill maintaining accuracy with attention to detail and meeting deadlines

• Effective oral and written communication skills and ability to facilitate discussions

• Ability to work independently and on a team, multi-task, and take ownership of deliverables

• Exposure to collaborating across organizational boundaries and building partnerships across various functions

• Willingness to ask questions, challenge the status quo and seek out answers

• Occasional travel to Webster sites, meetings, seminars may be required.

The estimated salary range for this position is 90,000USD to $110,000USD. 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.

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.