Business Unit Risk Manager

4 weeks ago

Farmington Hills, United States Comerica Full time
Manager, Business Unit Risk
Plays a critical role in the Risk Management Lifecycle as the First Line of Defense. Is the owner of risk, the originator and is ultimately accountable for risks in the line of business.
Performs a function in each of the 6 Risk Management Lifecycle steps: Planning, Identifying, Assessing, Mitigating, Monitoring and Reporting.
Identifies, understands, and articulates the risk, turning to the Business Control Officers for guidance and expertise.
Develops and maintains procedures that align with frameworks and policies.
Adheres to enterprise-wide standards, tools, and process established and maintained by the Second Line of Defense (2LOD).
Aligns activities and business objectives with Comerica's established risk appetite.
Adheres to enterprise-wide taxonomies and inventories.
Manages a team of Business Unit Risk Leads and Analysts, providing direction, motivation, coaching and performance management.
Position Responsibilities:
Risk Identification, Change Management and Risk Assessments
Identifies risks in formal process (RCSA) and on an ongoing basis in the normal course of business.
Monitors the internal and external environment to identify changes in existing risks or new/emerging risks.
Understands how to identify a material change and initiates the change mgt process.
Executes risk assessment processes; partners with Business Control Officer (BCO) for guidance, expertise and through partnership in aligned with standards tools and methodologies established by 2LOD.
Sources and performs key analysis to support objective inherent risk ratings.
Updates and refines outputs based on feedback.
Mitigation, Controls, and Issue Management
Collaborates with BCO and 2LOD to identify and execute the appropriate risk management and remediation strategy.
Mitigates risk by designing and implementing a suite of controls within business processes.
Explains and documents critical business processes.
Develops procedures to document/systematize controls.
Monitors performance of controls and addresses deficiencies.
Develops, implements, and reports on action plans for identified issues; leverages results from monitoring processes to self-identify issues and initiate remediation.
Monitoring, Quality Assurance, Testing and Metrics
Collaborates with BCO and 2LOD to institute monitoring and develops procedures on response to monitoring results.
Develops and implements quality assurance procedures, determining appropriate quality targets to drive business objectives while mitigating risk; builds into key business processes.
Provides information and data to BCO and 2LOD to facilitate testing and validation activities; remediates control deficiencies/failures identified in testing.
Identifies data sources to operationalize proposed KRIs.
Reporting
Collaborates with BCO and 2LOD to determine the appropriate frequency and granularity of risk reporting.
Develops and implements reporting procedures, produces, and distributes risk reports and prepares custom reporting as needed.
Additional Risk Activities
Areas can include support of exam related activities, compliance, supplier management and third-party risk, model risk management, complaints management, and or business continuity.
HR and Financial Management
Selects, motivate, and retain high performing talent, cultivating a spirit of teamwork and continuous improvement with shared goals and objectives.
Supports the development and growth of direct reports through on-going direction, coaching and performance management.
Manages expenses and budget associated with the team and the work managed.

Qualifications:
Bachelor's degree from an accredited university or High School Diploma or GED and 6 years of Risk Management or other related experience in Financial Services Industry
7 years of experience in Risk Management, Compliance, Audit, or related field
Strong subject matter expertise in their line of business
Familiarity with concepts, frameworks and policies in risk management, controls, and compliance
Demonstrated ability to align business activities and decisions with enterprise risk frameworks and policies
Preferred: Managing or Leading a Team
Preferred: Ability to perform risk identification and assessments using enterprise frameworks/policies
Preferred: Ability to design, implement and monitor an effective control environment
Preferred: Ability to conduct root cause analysis and drive timeline and effective resolution of self, 2LOD, audit, and regulator-identified issues
Comerica Great Lakes Campus
8:00am - 5:00pm Monday - Friday

  • ORM Risk Management Lead

    4 weeks ago

    Farmington Hills, United States Comerica Full time

    Operational Risk Management LeadOperational Risk Management Lead with extensive knowledge of risk mitigation and internal control evaluation within the financial services industry. This person must be a strategic thinker with a solid understanding of risk and control identification, as well as the ability to identify control weaknesses and challenge issues...

  • Third Party Risk Financial Analyst Senior

    3 weeks ago

    Farmington Hills, United States Comerica Full time

    Third-Party Risk Financial AnalystThe Third-Party Risk Financial Analyst will play a pivotal role in our organization's risk management efforts and will assess, monitor, and mitigate financial risks associated with our third-party relationships. The Third-Party Risk Financial Analyst provides financial support, maintains financial oversight, and makes...

  • Director, Operational Risk Management

    7 days ago

    Farmington Hills, MI, United States First Merchants Corporation Full time

    Lead, implement and provide oversight in support of the lines of business for the company’s Operational Risk Management program and methodologies, with the intention of building a strong risk management culture across the company.As part of this role, you will: Define, implement, and maintain the Operational Risk Management program for the bank aligned...

  • Director, Operational Risk Management

    2 weeks ago

    Farmington, United States First Merchants Bank Full time

    Job Description Job Description Lead, implement and provide oversight in support of the lines of business for the company’s Operational Risk Management program and methodologies, with the intention of building a strong risk management culture across the company. As part of this role, you will: Define, implement, and maintain the Operational Risk Management...

  • Director, Operational Risk Management

    3 days ago

    Farmington, United States First Merchants Bank Full time

    Job Description Job Description Lead, implement and provide oversight in support of the lines of business for the company’s Operational Risk Management program and methodologies, with the intention of building a strong risk management culture across the company. As part of this role, you will: Define, implement, and maintain the Operational Risk Management...

  • Technology Risk Specialist

    1 week ago

    Farmington Hills, United States Comerica Full time

    Technology Risk SpecialistThe Technology Risk Specialist is responsible for providing oversight, consulting and risk management assessment/support, and reporting functions relative to Comerica's Lines of Business (LOBs) and other divisions; for utilizing their specialized skillset to engage with business partners and shared services stakeholders to provide...

  • Technology Risk Specialist

    1 week ago

    Farmington Hills, United States Comerica Full time

    Technology Risk SpecialistThe Technology Risk Specialist is responsible for providing oversight, consulting and risk management assessment/support, and reporting functions relative to Comerica's Lines of Business (LOBs) and other divisions; for utilizing their specialized skillset to engage with business partners and shared services stakeholders to provide...

  • Third Party Risk Governance Manager

    3 weeks ago

    Farmington Hills, United States Comerica Full time

    Third-Party Risk Governance ManagerThe TPR Governance Manager will lead design of break/fix and enhancement process and technology improvement efforts; Assess BU supplier requests to determine initial risk level; Develop program documentation and training; and Ensure system data maintenance (Supplier Manager role changes, etc.).Position Responsibilities:TPR...

  • Third Party Risk Analyst Senior

    2 weeks ago

    Farmington Hills, United States Comerica Full time

    Third-Party Risk Analyst SeniorThe Third-Party Risk (TPR) Analyst Senior, reporting to the TPR Manager, will support the program by working with assigned business units to ensure third-parties are managed in accordance with program design. The position will also be responsible for understanding the external industry and regulatory changes and trends...

  • Third Party Risk Administrator

    4 weeks ago

    Farmington Hills, United States Comerica Full time

    Third Party Risk Program AdministratorThird-Party Risk Lead reports to the Third-Party Risk (TPR) Manager. Responsible for managing, executing, and improving governance and infrastructure elements of Comerica's TPRM program. Assist in governance committee reporting and communication of TPRM initiatives. Monitor regulatory developments and emerging risks that...

  • Manager AFSVision Operations Business Analyst

    2 weeks ago

    Farmington Hills, United States Comerica Full time

    Manager, AFSVision Operations Business Analyst The Manager, AFSVision Operations Business Analyst will serve as a key leader in the Commercial Loan Servicing Transformation program with a focus on the Business Functionality workstream. Specifically, this role will be responsible for leading the team tasked with capturing business requirements across all...

  • ORM Risk Analyst

    1 week ago

    Farmington Hills, United States Comerica Full time

    Risk AnalystProvides guidance, support, and challenge for Operational risk management practices. This includes, but not limited to, supporting Operational Risk Management assessment processes and monitoring tools such as the Risk and Control Self-Assessment (RCSA), issue management, change assessments, etc.Position Responsibilities:Daily...

  • Risk Governance Reporting Analyst

    3 weeks ago

    Farmington Hills, United States Comerica Full time

    Risk Governance Reporting AnalystSeeking a professional to perform operational risk and third-party risk management reporting and analysis to improve effectiveness and efficiency. This Analyst will assume responsibility for creating reports for varying levels of the Bank in a timely and accurate manner as well as analyzing the data for trends indicating...

  • Consumer Lending Governance Manager

    7 days ago

    Farmington Hills, United States Comerica Full time

    Consumer Lending Governance Manager This position is designed to provide a holistic and transformative approach within our Risk Management framework and lifecycle across all Risk pillars critical to the Business. This position focuses on Risk Strategy and improvement of the underlying fundamentals and cross-functional support of Enterprise initiatives....

  • Compliance Risk Assessment Specialist

    1 week ago

    Farmington Hills, United States Comerica Full time

    Corporate Compliance Risk Assessment Specialist The Corporate Compliance Risk Assessment Specialist reports to the Manager of Corporate Compliance Risk Assessment and is responsible for supporting the day-to-day execution of the Corporate Compliance Risk Assessment (CCRA) Program. This includes managing templates and data inputs, supporting the execution of...

  • Senior ORM Risk Analyst

    2 weeks ago

    Farmington Hills, United States Comerica Full time

    Senior Operational Risk AnalystThe Senior Operational Risk Analyst provides guidance, support, and challenge for Operational risk management practices. This includes facilitating Operational Risk Management assessment processes and monitoring tools such as the Risk and Control Self-Assessment (RCSA).Position CompetenciesA candidate for this position will...

  • Compliance Risk Assessment Specialist

    3 weeks ago

    Farmington Hills, United States Comerica Full time

    Corporate Compliance Risk Assessment SpecialistThe Corporate Compliance Risk Assessment Specialist reports to the Manager of Corporate Compliance Risk Assessment and is responsible for supporting the day-to-day execution of the Corporate Compliance Risk Assessment (CCRA) Program. This includes managing templates and data inputs, supporting the execution of...

  • Senior Manger-Risk Management

    5 days ago

    Farmington Hills, MI, United States Comerica Full time

    Compliance Testing Manager The Manager, Compliance Testing within the second line of defense is responsible for planning, developing, implementing, and managing a comprehensive risk-based compliance testing program for their area of responsibility. Position Repsonsibilities: Compliance Testing, Monitoring and Reporting Provide guidance and lead a...

  • Compliance Manager, Wealth

    1 week ago

    Farmington Hills, United States Comerica Full time

    Senior Compliance Manager -- Wealth and Trust Compliance Advisory Manager The Wealth and Trust Compliance Advisory Manager within the second line of defense is responsible for planning, developing, and managing a comprehensive compliance management program for the Wealth Management division of Comerica including Private Banking, Trust Services, and...

  • Compliance Manager, Wealth

    3 weeks ago

    Farmington Hills, United States Comerica Full time

    Senior Compliance Manager - Wealth and Trust Compliance Advisory ManagerThe Wealth and Trust Compliance Advisory Manager within the second line of defense is responsible for planning, developing, and managing a comprehensive compliance management program for the Wealth Management division of Comerica including Private Banking, Trust Services, and...