Not Authorized
You are currently not authorized to access this section.
Please contact your Administrator to change your authorization settings.
Please contact your Administrator to change your authorization settings.
Chief Business Control Officer
Dallas, TX
Job Description
Chief Business Control Officer
The Chief Business Control Officer (CBCO) is a high-profile role with a mandate to drive transformation of First Line of Defense risk and control functions across all of Comerica's revenue divisions including the Commercial Bank, Marketing/CX, Retail, and Wealth. As part of the First Line of Defense, the CBCO is accountable for maintaining a robust First Line risk and control environment that enables the bank to operate within its Board-approved risk appetite, fosters a strong risk and control culture, and is responsible to evolving business needs and regulatory expectations. As a First Line leader, the CBCO engages with the lines of business to drive rigor and consistency in risk identification, assessment, monitoring, and reporting, and to ensure that effective controls are proactively integrated into key business processes. The CBCO is a trusted advisor to executive management and a senior leader who sets the 'tone from the top' within the organization. As controls are implemented and risk is managed in the right way, we enable the business to go faster in a safe manner.
Responsibilities
Risk & Control Functional Leadership
- Focused on establishing and implementing the vision for a new centralized Chief Business Control Office function with over 140 risk and control colleagues.
- Drives consistency in the control frameworks and standards that are used across Comerica's revenue divisions.
- Develops and executes on a plan to increase the completeness of the controls inventory and to expand the reach and frequency of control testing.
- Engages with business leaders and holds them accountable as risk and control owners.
Risk & Control Process Improvement. - Focused on performing end-to-end standard and thematic risk reviews of processes
Identifying new risk and control themes and trends, owning CBCO-driven special projects, identifying and executing on opportunities to re-engineer inefficient processes and controls to be automated, preventative, and sustainable, identifying continuous improvement opportunities, utilizing and promoting utilization of analytics to identify issues, and assisting with implementations of changes to frameworks.
Risk & Control Advisory
- Serves as the face of the Chief Business Control Office, liaising with risk and control owners and their teams as well as business leaders to provide proactive advice and input on key business and control decisions.
- Ensures risk and control owners are accountable, enabling them to clearly articulate and manage the risk profile of a process, demonstrating active, robust risk management to key stakeholders and senior business leaders.
- Provides credible challenge to business leaders and robust oversight to continuous monitoring plans and risk and control assessments.
- Oversees creation of governance materials and reporting for relevant internal risk management oversight including committees and business meetings.
Regulatory Engagement & Remediation
- Primary contact for regulatory matters related to risk and control for revenue divisions
- Owns remediation plans and processes for revenue divisions
- Articulates and demonstrates risk and control environment to key stakeholders including 1LOD, 2LOD, 3LOD, senior business leaders, board, and regulators.
Organizational, Financial & Talent Management
- Responsible for the leadership and talent management of ~140 risk and control colleagues in a centralized Chief Business Control Office organization and the financial management of the organization.
Qualifications
- 4 Yr/Bachelor Degree in Business, finance, or related degree
- 10 or more years financial industry experience
- 10 or more years experience across operations, risk Management, and / or audit roles requiring management of diverse risk types, including but not limited to operational, regulatory, market, traded, and credit risk
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
Bachelor's Degree
Required Experience
10 years
Email this Job to Yourself or a Friend