Risk Management Partner Lead

4 weeks ago


Auburn Hills, Michigan, United States comerica Full time
Job Summary

The Business Risk and Control Office (BRCO) Risk Partner Lead for Comerica is responsible for engaging with the First Line of Defense (1LOD) on the development and design of implementing new controls as well as changes to existing processes. This role requires a strong understanding of banking industry products, services, and workflows, as well as overall business needs and objectives for the Line of Business.

Key Responsibilities
  • Develops and maintains partnerships with the Line of Business process owners to provide end-to-end thought leadership through strategic consulting and providing expertise in control design.
  • Drives a strong enterprise risk culture by fostering rigor and discipline focused on risk and compliance awareness, ethical business practices, transparency, and escalation.
  • Collaborates with and supports other BRCO team members to ensure a robust and comprehensive implementation of Second Line of Defense (2LOD) frameworks within 1LOD.
  • Designs controls to fit for purpose, are relevant and primarily address the root causes of the risk, they should also be appropriate, covering the full extent and scope of the risk and its consequences, taking into consideration efficiency and cost-effectiveness as well as ensure they conform to relevant standards or regulatory requirements.
  • Supports Line of Business process owners and ensures appropriate controls for new and changing processes are identified, risk assessed, documented, and implemented to mitigate risks and ensure all incremental risks have been captured.
Requirements
  • 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.
  • 6 years of experience in Risk Management, Compliance, Audit, or related field.
  • Expertise in identifying areas of control weakness.
  • Expertise in designing or advising on the design of a broad range of controls (e.g. preventative vs. detective controls; manual vs automated).
  • Strong understanding of various risk types/pillars, risk management, controls, and compliance concepts and frameworks.
  • Project support/project management skills - ability to provide direction, track progress and ensure alignment with program requirements.
  • Proficient in risk management software, MS Office Suite, and other related technology tools.


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