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Divisional Director Business Risk & Controls Officer
Frisco, TX
Job Description
Director, Divisional Business Risk and Control Officer
The Director, Divisional Business Risk and Control Officer (BRCO) is a pivotal role in guiding the business to identify and understand risk exposures and the controls needed which are integral to reducing risk and safeguarding our customers and colleagues. The Director, Divisional BRCO leads a team who are critical to the success of the Risk Management Lifecyle and plays a role in Planning, Identifying, Assessing, Mitigating, Monitoring, and Reporting. The Director, Divisional BRCO and their team are members of the First Line of Defense (1LOD) who:
- Provide leadership and coaching to the 1LOD to proactively identify and effectively manage risks.
- Translate and educate 1LOD to enable and drive business relevant implementation of Second Line of Defense (2LOD) risk management frameworks, policies, taxonomies, and inventories.
- Review, validate, and test 1LOD activities to ensure adequate control design and effective control operation.
- Provide credible challenge to 1LOD colleagues, ensuring safeguard and risk mitigation measures are upheld in decision making and adherence to 2LOD frameworks and policies prior to 2LOD review.
- Drive two-way collaboration across 1LOD and 2LOD; liaise between 1LOD and 2LOD to drive engagement throughout the risk management lifecycle.
- Collaborate and coordinate across the organization to help navigate and mitigate horizontal risk promoting resilience and ensuring safety and soundness.
- Document, aggregate and report risk in accordance with the risk management lifecycle.
Position Responsibilities
Risk & Control Functional Leadership
- Focused on enhancing the risk ownership and culture within the line of business. Leads a team of risk and control colleagues. Develops and executes on a plan to increase the completeness of the controls inventory within the line of business and to expand the reach and frequency of control testing. Engages with business leaders and holds them accountable as risk and control owners.
Risk & Control Process Improvement
- Focused on performing end-to-end standard and thematic risk reviews of processes, identifying new risk and control themes and trends, owning special projects, identifying, and executing on opportunities to re-engineer inefficient processes and controls to be automated, preventative, and sustainable, identifying continuous improvement opportunities, utilizing, and promoting utilization of analytics to identify issues, and assisting with implementations of changes to frameworks.
Risk & Control Advisory
- Serves as a senior Business Risk and Control leader, liaising with risk and control owners and their teams as well as business leaders to provide proactive advice and input on key business and control decisions. Ensures risk and control owners are accountable, enabling them to clearly articulate and manage the risk profile of a process, demonstrating active, robust risk management to key stakeholders and senior business leaders. Provides credible challenge to business leaders and robust oversight to continuous monitoring plans and risk and control assessments. Oversees creation of governance materials and reporting for relevant internal risk management oversight including committees and business meetings.
Regulatory Engagement & Remediation
- The primary contact for regulatory matters related to risk and control for the line of business. Owns remediation plans and processes for line of business. Articulates and demonstrates risk and control environment to key stakeholders including 1LOD, 2LOD, 3LOD, senior business leaders, board, and regulators as needed.
Organizational, Financial & Talent Management
- Responsible for the leadership and talent management of risk and control colleagues and the financial management of their team.
Position Qualifications
- Bachelor's degree from an accredited university or a High School Diploma or GED and 6 years of Risk Management or other related experience in the Financial Services Industry
- 10 years of experience across Operations, Risk Management, Compliance, and/or Audit roles requiring management of diverse risk types/pillars
- Experience in advising, providing subject matter expertise, and credibly challenging colleagues in a risk and control environment
- Preferred: 10 years of Financial Services Industry experience and/or knowledge of respective Line of Business products, services, and business processes
- Preferred: experience managing or leading a team
A successful candidate will have the following knowledge and/or skills:
- Ability to develop risk-management solutions for senior management and regulators on a variety of risk-management-related topics.
- Ability to navigate the organization and manage stakeholders across levels.
- Detail-oriented and able to work independently and distil complex, ambiguous information to create insights for leaders.
- Ability to quickly analyze a status quo and identify opportunities for continuous improvement or process re-engineering.
- Intellectually curious and well-versed in key, high-impact topics, and project areas to the Bank.
- Ability to build strong relationships and engage constructively in a proactive and transparent approach with cross-functional stakeholders, to challenge status quo and drive buy-in to achieve common goals.
- Ability to clearly and effectively communicate, including ability to summarize and explain complex findings and issues to a wide range of audiences.
- Ability to demonstrate managerial courage and inspire colleagues across the organization to embrace change.
- Ability to manage multiple tasks and projects, prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment.
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.
Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
High School or Equivalent
Required Experience
6+ years
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