Primary Location:
Comerica Bank Tower
Locations:
Dallas, TX US
Additional Locations:
Comerica Bank Tower
Job Type:
Full-time
WorkBest Job Category:
Category C – Days in the office will either be designated days or will vary week to week from 2-5 days
Job Category:
Compliance/Security/Fraud/Risk
Required Experience:
7-12 years
Overtime Status:
Exempt
Job ID:
246487
Client and Transaction Risk Director
- Provide leadership and coaching to 1LOD to proactively identify and effectively manage risks.
- Translate and educate 1LOD to enable and drive business relevant implementation of Second Line of Defense (2LOD) risk management frameworks, policies, taxonomies, and inventories.
- Review, validate, and test 1LOD activities to ensure adequate control design and effective control operation.
- 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.
- Drive two-way collaboration across 1LOD and 2LOD; liaise between 1LOD and 2LOD to drive engagement throughout the risk management lifecycle.
- Collaborate and coordinate across the organization to help navigate and mitigate horizontal risk promoting resilience and ensuring safety and soundness.
- Document, aggregate and report risk in accordance with the risk management lifecycle.
- Identifies tools and regulatory requirements, as well as builds and maintains internal controls in the oversight of client risk and transaction risk.
- Provides leadership and coaching to 1LOD to proactively identify and effectively manage client risk and transaction risks.
- Educates all colleagues to enable and drive business relevant implementation of risk management frameworks.
- Drives two-way collaboration between 1LOD and 2LOD to achieve engagement across the risk management lifecycle.
- Creates broad reporting for various stakeholders, including 1LOD leadership to ensure awareness of risks associated with enhanced client risk and transaction monitoring.
- Partners with the 1LOD in the development and implementation of frameworks and programs to ensure effective measures are in place to manage risks associated with client onboarding, ongoing due diligence, and transaction risk.
- Ensure proper escalation of client(s) and/or product types that present heightened levels of risk to the Bank.Provides 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
- Liaison with 1LOD for all exam related activities including regulatory, 2LOD, Internal Audit, various internal Risk Pillars, related to client risk and transaction monitoring. Gather data, answer questions, review materials, responses and validate 1LOD remediation work (e.g. artifacts, action plans, etc).
- Liaison with Compliance to manage impact of applicable laws, rules and regulations (current, new and revised) on Comerica’s products, services, business processes and operations; provide support and guidance with implementation questions and specific fact-based scenarios.
- Selects, motivate, and retain high performing talent, cultivating a spirit of teamwork and continuous improvement with shared goals and objectives.
- Supports the development and growth of direct reports through on-going direction, coaching and performance management.
- Manages expenses and budget associated with the team and the work managed.
- Other duties assigned.
- Bachelor’s from an accredited university in Business, Finance, or a related field or in lieu of education, 6 years in Risk Management Financial Services or related
- 10 or more years Risk Management, Compliance, Audit or related field
- Experience in advising, providing subject matter expertise, and credibly challenging colleagues in a risk and control environment
- 10 or more years understanding of various risk types/pillars, risk management, controls, and compliance concepts and frameworks
- 10 or more years project support / project management skills – ability to provide direction, track progress and ensure alignment with program requirements
- 10 or more years proficiency with risk management software, MS Office Suite, and other related technology tools
Comerica Bank Tower8:00am – 5:00pm Monday – Friday