BRCO Risk Partner Lead

BRCO Risk Partner Lead

The Business Risk and Control Officers (BRCO) 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 Lifecycle and participate in Planning, Identifying, Assessing, Mitigating, Monitoring, and Reporting. As members of the First Line of Defense (1LOD), they:

1. Provide leadership and coaching to the 1LOD to proactively identify and effectively manage risks.
2. Translate and educate 1LOD to enable and drive business-relevant implementation of Second Line of Defense (2LOD) frameworks, policies, taxonomies, and inventories.
3. Review, validate, and test 1LOD activities to ensure adequate control design and effective control operation.
4. 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.
5. Drive two-way collaboration across 1LOD and 2LOD; liaise between them to promote engagement throughout the risk management lifecycle.
6. Collaborate and coordinate organization-wide to navigate and mitigate horizontal risks, promoting resilience and ensuring safety and soundness.
7. Document, aggregate, and report risk in accordance with the risk management lifecycle.

The BRCO Risk Partner Lead for the Line of Business is responsible for engaging with 1LOD on developing and designing new controls and modifying existing processes. They develop options and actions for control owners to enhance control effectiveness, monitor controls, advise on appropriate monitoring structures, and conduct thematic analyses to provide insights on risk drivers and emerging risks.

Position Responsibilities

Business Partnerships

• Develop and maintain partnerships with Line of Business process owners, providing strategic consulting and expertise in control design to facilitate early risk identification and sustainable mitigation.
• Build deep familiarity with critical processes to advise on controls.
• Foster a strong risk culture emphasizing rigor, discipline, transparency, and escalation.
• Support the implementation of 2LOD frameworks within 1LOD.
• Support support structures may vary based on the size of the LOB and team composition.

Design Controls

• Engage in the development and implementation of controls, ensuring they address root causes, are relevant, effective, compliant, and cost-efficient.
• Assist process owners in identifying, assessing, documenting, and implementing controls for new or changing processes.
• Ensure adherence to control standards, policies, and frameworks.
• Coordinate with 2LOD to align risks and controls with organizational objectives and risk appetite.

Monitoring and Analyzing Controls

• Oversee monitoring activities, advise on structures, validate remediation effectiveness, and conduct thematic analyses for risk insights.

Candidate Qualifications

• Bachelor's degree or equivalent experience in Risk Management or related fields.
• Extensive experience in risk management, controls, or compliance, with expertise in control design and risk frameworks.
• Strong understanding of risk types, project management, and technology tools.

Additional Details

Work Category: Category C – days vary from 2-5 days onsite. Hours: 8:00 am - 5:00 pm, Monday to Friday. Compensation: Based on experience.

About Comerica

We invest in our employees through comprehensive benefits, including health, retirement, and paid time off. Comerica is committed to diversity and is an Equal Opportunity Employer.