Business Unit Risk Manager
The Business Unit Risk Manager position is designed to provide a national, holistic approach to advice or assess on risk and compliance topics. This position focuses on risk mitigation through policy and procedure management, review and implementation of new regulations, coordination of audits and exam deliverables, and compliance training course review by position and tracking for completion. The individual will manage a small team of Operational Risk Analysts/Specialists in a given function to ensure that a comprehensive approach to risk mitigation is achieved.
Position Responsibilities:
Policy, Process, and Procedure Improvement
Coordinates the development and updating of all procedures and department process flows.
Makes policy recommendations.
Provides oversight in ensuring that processes and procedures align with regulatory, policy compliance and control mitigation for the business unit.
Coordinate/lead initiatives to ensure that risk mitigation controls are operating effectively and efficiently.
Manage the review of changes in company processes, standards and technology to ensure the effectiveness of security controls and meet compliance requirements.
Control Testing Oversight
Assess new or changing regulatory requirements and the effect on department (s) to ensure all regulatory and compliance controls remain effective and current.
Measure against the appetite and the risk tolerance of the business unit and its processes.
Ensure all pending and unresolved compliance issues are appropriately tracked and closed.
Provides risk management, regulatory, compliance and technical advice and support for staff.
Provide guidance to the business unit on recommendations for remediation of control gaps.
Committees and Projects
Participate in multiple industry forums to share, decipher and create solutions to address risk and compliance trends.
Provide recommendations and counsel to senior management to gain support for implementation of new strategies.
Primary point of contact for large to complex corporate and department projects representing department needs while ensuring adherence to corporate and/or department direction.
Strategy
Responsible for creating a compliance and risk framework that develops, documents and maintains. repeatable processes to determine, measure and report accurate view of significant current and future potential risks.
Provide a roadmap for ensuring Risk Control Self Assessments are being conducted along with remediation efforts to close any gaps.
Lead development and reporting of risk metrics, including Key Risk Indicators (KRIs).
Manage and develop a risk dashboard for the Business Unit, tracking risk assessment activities, remediation efforts, and consolidated risk metric reporting.
Management Responsibilities
Manages department staff.
Provide coaching developments and training to ensure staff has the necessary skills and tools to be successful.
Perform all management activities including: performance management, staff development, and training
Establishes appropriate PMPs and development plans for staff including career path discussions and recommendations.
Position Qualifications
Bachelor's Degree or High School Diploma or GED and 12 years of Technology or Risk experience
8 years of experience with regulatory examination process
8 years of experience with financial, regulatory, and audit principles/concepts, methodologies with ability to interpret and translate into procedural documents
8 years of experience in developing and implementing internal controls, policies, and procedures
5 years of experience managing others
This position is not eligible for sponsorship. Must have indefinite employment authorization.
Livonia Operations Center
8:00am - 5:00pm Monday - Friday (This position offers a hybrid work model that includes onsite and remote days as determined by the manager.)
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.
