Webster Bank · 4 months ago
Managing Director Counterparty Credit Risk
NY LI Jericho
Full-time
Hybrid
Mid, Senior Level
$190K/yr - $200K/yr
7+ years expWebster Bank is a leading commercial bank founded in 1935, focused on serving clients and communities. The Managing Director of Counterparty Credit Risk is responsible for overseeing stress testing, surveillance, and analytics to ensure sound counterparty transactions and compliance with regulatory standards.
Banking
Responsibilities
Directly manage and continuously improve the counterparty stress testing program, including but not limited to daily PFE calculation and reporting of MTM portfolio, quarterly stress testing under various scenarios, validate comprehensiveness of stress testing data, and collaborating with partner functions responsible for stress testing the loan book and securities in first and second LOD functions
Reporting & analytics: tracking counterparty limits, concentrations, exceptions and potential internal/external audit findings. Further, the incumbent is responsible for building and maintaining counterparty scorecard metrics aligned to the enterprise Risk Appetite Framework (RAF), DFAST and Reg. F responsibilities
Active monitoring and continuously improving the counterparty surveillance program, including systematic early warning indicators of credit and financial performance deterioration
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
Qualification
Required
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
Preferred
Experience working on Large Financial Institutions (LFI) transformation initiatives
Benefits
Incentive compensation
Company
Webster Bank
Webster is a commercial bank that provides financial services to corporations, individuals, families, and partners.
1001-5000 employees
H1B Sponsorship
Webster Bank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (2)
2024 (4)
2023 (5)
2022 (3)
2020 (1)
Funding
Current Stage
Public CompanyTotal Funding
$653MKey Investors
Greystone
2025-09-11Post Ipo Debt· $350M
2024-12-02Post Ipo Debt· $303M
2002-10-17IPO
Leadership Team
Neal Holland
Chief Financial Officer
D
Daniel Gioia
Sr. Managing Director
Recent News
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2025-11-06
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