at Comerica Management Co Inc. in Rosemont, Illinois, United States
Job Description
BRCO Governance Lead
The Business Risk and Control Officers (BRCOs) play 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. BRCOs are critical to the success of the Risk Management Lifecyle and play a role in Planning, Identifying, Assessing, Mitigating, Monitoring, and Reporting. BRCOs 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.
The Business Risk and Control Office (BRCO) Governance Lead for the Line of Business will be responsible for collaborating with 1LOD on risk management frameworks, tools, regulatory requirements and how to build and maintain internal controls. They will also be responsible for supporting the governance and management of the Line of Business framework and programs as well as supporting various risk committees. The BRCO Governance Lead role will also be responsible for helping advise, guide, support and/or own 1LOD additional risk activities, while ensuring alignment to 2LOD frameworks and policies, in topics such as Exams, Compliance, Third-Party Risk, Model Risk, Compliance, Human Capital, and Business Continuity.
Position Responsibilities
Collaborates with 1LOD on risk management frameworks, tools, regulatory requirements and how to build and maintain internal controls.
Provides leadership and coaching to 1LOD to proactively identify and effectively manage risks.
Translates and educates 1LOD to enable and drive business relevant implementation of (2LOD) risk management frameworks, policies, taxonomies, and inventories.
Drives two-way collaboration across 1LOD and 2LOD; liaise between 1LOD and 2LOD to drive engagement throughout the risk management lifecycle.
Collaborates and coordinates across the organization to help navigate and mitigate horizontal risk promoting resilience and ensuring safety and soundness.
Drives a strong enterprise risk culture by fostering rigor and discipline focused on risk and compliance awareness, ethical business practices, transparency, and escalation.
Learns continuously about the line of business to strengthen subject matter expertise and provide more valuable application of risk guidance.
Collaborates with and supports other BRCO team members to ensure a robust and comprehensive implementation of 2LOD frameworks within 1LOD.
Line of Business Governance and Risk Committees
Supports the governance and management of the Line of Business (LOB) risk management framework and program.
Supports the operation of the internal risk forums/meetings.
Supports the production of risk profiles and risk dashboards for departments within Line of Business.
Prepares program documentation and procedures.
Supports risk committees in accordance with the Corporate Governance Framework with the primary focus on risk identification, assessment, and/or mitigation. Maintains charters, captures minutes, prepares meeting packages, and prepares reports on activities for the authorizing committee and escalates issues as needed.
Provides 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.
Advises, guides supports and/or owns additional risk activities required for a well-functioning organization, such as:
Exam related activities: Owns and serves as the point of contact for the 1LOD relationship for all exam related activities including regulatory, 2LOD, Internal Audit, various internal Risk Pillars, etc. Gathers data, answers questions, reviews materials, responses and validate 1LOD remediation work (e.g. artifacts, action plans, etc).
Compliance Liaison - Understands and translates how to apply the identified rules, regulations, and laws to assist the business to... For full info follow application link.
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.
