Risk Management Specialist

3 weeks ago


Jericho, New York, United States Webster Bank Full time
Job Overview
If you are seeking a rewarding career, consider joining Webster Bank.

Established in 1935, our mission has always been to prioritize people, assisting individuals, families, businesses, and our colleagues in achieving their financial aspirations.

As a prominent commercial bank, we are dedicated to serving our clients and uplifting our communities.

Our core values—Integrity, Collaboration, Accountability, Agility, Respect, and Excellence—distinguish Webster as both a bank and an employer.

Join our team to enhance your career prospects, benefit from extensive development opportunities, and engage in meaningful work.

The role of the First Line Risk Manager integrates specialized risk and control professionals within the First Line Units.

These professionals will facilitate the fulfillment of the First Line Unit responsibilities outlined in the Risk Management Framework, promote general risk awareness, and disseminate best practices for controls among Banking Operations colleagues.


Key Responsibilities:

  • Conduct self-assessments across relevant risk categories to identify and evaluate current and emerging risks.
  • Self-identify and report any deficiencies in controls (i.e., issues).
  • Oversee issue remediation, ensuring adequate evidence supports closure.
  • Manage and monitor risk metrics pertinent to the line of business.
  • Document and report risk acceptances across applicable risk categories.
  • Facilitate training and communication related to risks and controls.
  • Support control testing initiatives.
Primary Duties

Ensure effective execution of the enterprise risk program, quality assurance, and reporting.

Assist in developing Banking Operations' involvement in RCSA, focusing on process definition, control identification, procedural completeness, risk assessment, and quality control opportunities.

Implement robust Issue Management protocols within Banking Operations by ensuring issues are thoroughly documented, accurately risk-rated, and that mitigation actions are sound and achievable within set timelines, while also tracking updates and maintaining issues until resolution.

Lead the execution of the SOX control program, ensuring controls are well-documented, understood by control owners, executed timely and with quality, and effectively managed.

Participate in the creation, collection, and reporting of various risk, control, and performance metrics related to Banking Operations.

Conduct thorough testing across a variety of applications that impact clients and colleagues by coordinating testing activities and communicating results to all stakeholders.

Perform control testing within Bank Operations to ensure a positive client experience while adhering to regulations and executing the company's defined risk management strategies.

Collaborate with senior leaders to develop action plans for addressing any identified deficiencies.

Assist in preparing reports for senior management and executive committees regarding risk program outcomes, unmitigated risks, and strategies for addressing them, as well as aiding in regulatory examination preparations.

Stay informed about business risks, both current and emerging.
Provide support for special projects and initiatives as needed.

Qualifications

Bachelor's degree in Economics, Finance, Accounting, Business Administration, or a related field is required; an advanced degree is preferred.
Experience in operational risk management, enterprise risk management, or audit is required, with project management and banking experience preferred.
Ability to manage and execute multiple complex projects within required timelines and expectations is essential.
Exhibit a high level of professionalism and the ability to effectively influence and cultivate relationships across the organization.

7+ years of experience in a similar risk and control function within the first, second, or third line of defense is required.

Significant experience in Consumer or Commercial Banking Operations or a related financial services field is necessary.
Experience with SOX testing is a plus.

Salary Information
The estimated salary range for this position is $100,000 to $110,000. Actual salary may vary based on job-related factors, including knowledge, skills, experience, and location. This position is also 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.



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