SMD, Data 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 Data Risk Senior Managing Director is responsible for direct oversight of the Data Risk Management 2nd line Program for Webster Bank and its subsidiaries; including oversight of data governance, quality and access controls. The Data Risk lead should help remediate the identified capability gaps and ensure sustainable program execution. Acts as lead Single Point of Contact as it relates to the programmatical components of 2nd line Data Risk and assists with escalation and reporting to senior management and Line of Business executives.

Provides leadership to deliver effective 2nd line challenge and oversight in line with Risk Management’s objectives.

Key responsibilities for the role:

• Support the Head of Operational Risk Management (ORM) across the enterprise to strengthen the risk culture and 1st line ownership of risks and controls in alignment with the Risk Appetite Statement of the Bank

• Lead and execute on Data Risk program elements

• Assess, recommend, and enhance overall Data Risk Framework

  • Develop key metrics and tools that align to industry practices and ensure effective processes to identify, measure, manage, monitor, and report data risk

  • Develop tolerances for Board Level and Management level operational data risk KRIs

  • Develop and enforce data-related policies, standards, and procedures

  • Review and Challenge, and monitoring of Data incidents/issues.

  • Encourage self-identification through reporting and tracking self-identified issues and collaborate with ERM team on Issues Management Program

• Prepare/Contribute to executive level reporting for DRMC, ORMC, ERMC, senior management, and the board

• Partner with FLCOs to advance risk scorecards that outline the operational risk maturity profile of each area.

• Partner with 2nd and 3rd line for risk information sharing; and develop data risk sharing strategies across LOBs

• Develop and retain high performing colleagues with existing operational risk knowledge in order to mature and enhance the program

• Develop and maintain strong working relationships within all lines of defense within the Bank to ensure accountability and collaboration

• Ability to assess and ensure the quality, accuracy, and integrity of data, background and experience with BCBS 239.

• Experience in managing and responding to data breaches, risk incidents, and remediation strategies.

• Ability to lead cross-functional teams, collaborate with senior stakeholders, and manage a team of risk professionals.

• Ability to analyze complex data sets and assess risks associated with data management processes.

• Understand operational risk frameworks, methodologies for risk identification, and performing risk assessments across various business units.

• Oversee compliance with regulatory requirements and ensuring timely and accurate reporting.

• Familiarity with risk management tools, GRC (Governance, Risk, and Compliance) platforms, and data analysis software, data tools.

• Proficiency in preparing clear, concise, and impactful reports for senior leadership, regulators, and stakeholders.

• Ability to educate and raise awareness across the organization about data risk issues, policies, and procedures.

• Understanding the organization's strategic goals and ensuring that the operational risk management framework aligns with and supports those goals.

• Ability to anticipate emerging risks and prepare for future challenges, ensuring a proactive risk culture.

• Experience in managing projects related to risk management, including designing and implementing new frameworks or tools

• Familiarity with project management methodologies and managing changes within risk management processes.

Education, Skills and Experience:

• Bachelor's Degree in related field required

• At least 5 years of Risk related experience, and/or audit in financial institutions

• 7-10 years of experience within the financial services industry

• Strong knowledge of Data Risk components and processes, including Data risk policies and standards, Risk and Control Self-Assessments, Operational Risk Event reporting, Data Incident monitoring, review and challenge, and mitigation; Key Risk Indicators, Emerging Risks, and products and services risk assessments and internal controls

• Excellent communication, interpersonal and analytical skills required along with the ability to work independently. Ability to collaborate and connect with all levels of an organization through advanced leadership skills.

Preferred:

• Master’s degree in related field

• Certified Risk professional

• At least 10 years of experience as a Risk Manager or Assurance within the financial services industry

• Experience with data tools, data warehouses, and Governance, Risk, and Compliance (GRC) software and knowledge

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.