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Operational Risk Control Testing Lead
Dallas, TX
Job Description
Job Summary
The Operational Risk Control Testing Lead position may be an individual contributor or may function as a team leader of a small group responsible for assessing the operational risk of their business unit. This position provides insight and direction relative to gaps in controls along with regular reporting to management reflecting trends, strengths and weaknesses. The individual is responsible for managing consistency in execution of testing methods, ensuring the highest integrity of test results. Provides strategic direction to team during annual review and development of their self-testing approach used to identify and manage operational risk.
The Operational Risk Control Testing Lead position may be an individual contributor or may function as a team leader of a small group responsible for assessing the operational risk of their business unit. This position provides insight and direction relative to gaps in controls along with regular reporting to management reflecting trends, strengths and weaknesses. The individual is responsible for managing consistency in execution of testing methods, ensuring the highest integrity of test results. Provides strategic direction to team during annual review and development of their self-testing approach used to identify and manage operational risk.
Essential Duties and Responsibilities:
- Perform control testing across Retail line of business by assessing both control design and control effectiveness.
- Execute testing on SOX controls which will span multiple lines of business.
- Independently manage assigned testing engagements which includes performing walkthroughs, developing test scripts, execution, issue vetting, drafting final reports, and reporting.
- Adhere to a defined testing schedule and provide periodic updates on progress.
- Perform issue validations to determine management' commitments and sustainability.
- Lead complex testing engagements and provide guidance to other team members supporting the engagement.
- Work independently and establish strong relationships with business partners, legal, compliance, and other key stakeholders.
Control Testing
- Lead management and oversight of all regulatory and audit inquiries.
- Responsible for the coordination and preparation of audit and exam deliverables.
- Ensures key regulatory and control timelines and required processes and evidence (documents) are tested.
- Ensures compliance and control findings are reported to management of affected areas.
- Perform risk analysis to determine level of risk to the bank and recommend action(s) to mitigate risk.
- Develop and implement new compliance programs to address regulatory changes.
Policies, Processes, and Procedures
- Monitor and interpret policy and procedures for assigned line of business and update as required.
- Recommends ways to reduce turn times while balancing operational risk.
- Analyze and make recommendations on department policies, processes and procedures.
- Partners with the business unit(s) to ensures all processes and procedures are in compliance with policies and federal regulations.
Committees and Special Projects
- Management of and/or participation in large to complex sized projects related to risk and compliance.
- Work collaboratively with business units and others on the implementation of new regulations.
- Represent the business on risk and compliance committees as assigned.
Training and Reporting
- Educate and train business unit on risks that affect them.
- Ensure compliance training requirements are properly communicated and completed.
Management Responsibilities
- May manage a small staff.
- Provide coaching, development and training to ensure staff has the necessary skills and tools to be successful.
Position Qualifications
- Bachelor's Degree or High School Diploma or GED and 10 years of Technology or Risk experience
- 6 years of experience leading large projects
- 5 years of experience with financial, regulatory, and audit issues
- 5 years of experience developing and implementing internal controls, policies, and procedures
- This position is not eligible for sponsorship. Must have indefinite employment authorization
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.
Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
High School or Equivalent
Required Experience
6 to 10 years
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