data
Posted 3 days agoDirector Financial Analytics
at Webster Bank
On-site
Responsibilities
- Manage and process large-volume historical datasets to support CECL model development, testing, and monitoring.
- Lead support for Business Credit Center (BCC) Auto Decision and Auto Renewal model development and maintenance.
- Support the development, enhancement, and monitoring of Dual Risk Rating (DRR) models.
- Maintain rigorous model development workpapers and documentation in accordance with governance, audit, and regulatory standards.
- Support CECL, DRR, and BCC model validation activities, annual reviews, performance monitoring, and remediation efforts.
- Support quarterly and ad hoc CECL production runs, including data preparation, analysis, reconciliation, and reporting.
- Collaborate with Finance, Risk, Credit, Treasury, IT, Data Management, and business stakeholders to gather
- Design, develop, and maintain source code supporting predictive models, loss forecasting, profitability analysis, and credit risk management.
Requirements
- The ideal candidate combines strong quantitative expertise, hands-on programming skills, and a deep understanding of credit risk and financial modeling in a regulated banking environment. Primary
- experience in credit risk analytics, quantitative modeling, financial analytics, or related disciplines. Strong
- experience developing and maintaining CECL, credit risk, reserve forecasting, underwriting, or related predictive models. Extensive
- experience working with large and complex datasets.
- Proficiency in SAS and/or Python programming languages.
- Strong understanding of statistical analysis, predictive modeling methodologies, and model lifecycle management.
- Experience working within regulated financial institutions and environments subject to model governance requirements.
- Deep understanding of finance, credit risk, lending products, and banking operations.
- Excellent written and verbal communication skills with the ability to present complex concepts to a variety of audiences.
- Demonstrated ability to manage multiple priorities and deadlines in a fast-paced environment. Preferred Skills & Experience
- Experience supporting both Consumer and Commercial lending portfolios.
- Experience developing models used for CECL, stress testing, underwriting, loss forecasting, or profitability analysis.
- Experience supporting model validation activities and regulatory examinations. Knowledge of model risk management frameworks and regulatory expectations.
- Experience collaborating with cross-functional teams including Finance, Risk, Credit, Treasury, IT, and Data organizations.
- Advanced degree in a quantitative discipline.
- Education Bachelor’s degree in Finance, Mathematics, Statistics, Economics, Data Science, Computer Science, Engineering, or a related quantitative field required.
- Master’s degree or PhD in Finance, Mathematics, Statistics, Economics, Data Science, or a related quantitative discipline preferred.
- Candidates with a combination of advanced quantitative coursework and relevant professional
Experience
- Experience 10+ years of
Benefits
- The estimated salary range for this position is $165,000USD to $180,000USD.
- 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.
Additional details
- 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! Job Description Summary 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.
- Integrity, Collaboration, Accountability, Agility, Respect, and Excellence are Webster’s values that 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 Senior Financial Analytics Manager is responsible for leading the development, maintenance, enhancement, and governance of credit risk and forecasting models that support the Bank’s reserve calculations, underwriting, and risk management activities.
- This role leads the development and refresh of Combined Bank CECL models, supports Business Credit Center (BCC) Auto Decision and Auto Renewal models, and contributes to Dual Risk Rating (DRR) model development and monitoring.
- The position works closely with Finance, Risk, Credit, Treasury, IT, Data Management, and Model Risk Management teams to develop analytical solutions that support financial forecasting, credit decisioning, regulatory requirements, and strategic business objectives.