BRCO Governance Lead

Comerica - Frisco, TX

Full-time - Senior

Remote - Frisco, TX

Credit Intermediation and Related Activities

About the position

The BRCO Governance Lead plays a crucial role in guiding the business to identify and manage risk exposures while ensuring compliance with risk management frameworks. This position involves collaboration with the First Line of Defense (1LOD) to implement effective risk management strategies, provide leadership, and support governance activities within the organization. The role is integral to the Risk Management Lifecycle, focusing on planning, assessing, mitigating, and reporting risks to safeguard customers and colleagues.

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.
• Supports the governance and management of the Line of Business risk management framework and program.
• Supports the operation of the internal risk forums/meetings.
• 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.
• Advises, guides supports and/or owns additional risk activities required for a well-functioning organization, such as Exam related activities, Compliance Liaison, Supplier Management and Third-Party Risk, Model Risk, and Complaint Oversight.

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.
• Experience in advising, providing subject matter expertise, and credibly challenging colleagues in a risk and control environment.
• Strong understanding of various risk types/pillars, risk management, controls, and compliance concepts and frameworks.
• Experience with risk governance and/or risk committee activities.
• 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.

Nice-to-haves

• 4 years of experience in Financial Services industry and/or knowledge of Line of Business products, services, and business processes.
• Experience working for or with regulatory agencies.

Benefits

• Flexible work hours with a mix of onsite and remote work options.
• Opportunities for professional development and training.