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 Managing Director, Capital Management and Resiliency Planning will be responsible for maintaining the Capital Plan and regularly present updates to executive management along with the business case for strategic capital action as he/she will lead the Capital Management Committee
Responsibilities include:
- Develop critical elements of the bank's newly mandated Resolution Plan, drawing from resources across the bank and consulting external legal and advisory services to produce, and manage the framework going forward.
- Establish a centralized and consistent framework for capital adequacy assessments, ensuring an end-to-end perspective, and increasing transparency of methodologies, processes, governance, and results.
- Maintain relationships with investment banks and stay abreast of developments in the capital markets to seek solutions that optimize capital levels and earnings.
- Lead efforts around Capital Planning with a focus on Recovery and Resolution Planning, engaging a broad spectrum of stakeholders during its construction and ongoing governance.
- Contribute to development of the strategic direction and management of capital, translating complex technical concepts to support sound business decisions.
- Manage design and execution of capital adequacy process and monitor key risk drivers that may shift direction of capital.
- Forecast components of capital and associated ratios and lead execution efforts to ensure bank and holding company meet targeted levels and remain in compliance with evolving regulatory requirements.
- Most aspects of the candidate's work product, including Plans, activities, and proposals will be submitted to the Board for approval.
Education, Experience & Skills:
* A finance background is required; an advanced degree (MBA) or certification (CFA, CPA, FRM) preferred.
* 10+ years of relevant capital management experience, ideally with a top tier bank or consulting firm.
* The role demands a strategic influencer with a deep understanding of regulatory requirements, capital planning methodologies, and hands-on experience in foundational risk management.
* A successful candidate will possess strong verbal and writing communication skills; a proactive self-starter with a strong project management mindset with the ability to interact with senior leaders and across diverse business functions.
The estimated salary range for this position is $190,000USD to $220,000USD. 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.
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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.
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