Corporate Risk Analyst

Corporate Risk Analyst (Two Openings) The Corporate Risk Analyst role will be responsible for enterprise risk oversight, maintenance of policies, processes and procedures inclusive of training and reporting. Position Competencies This Corporate Risk Analyst position requires high level of analytics, interpretation, implementation of industry and identified best standards to best impact the corporation. Position Responsibilities: RCSA Oversight Develop and coordinate completion of LOB/Stakeholder Risk Control Self-Assessments by the LOBs/FLOD reps based on ERM framework, processes and standards. Understand, perform validation, and effectively challenge RCSA assessment results, controls/processes and their effectiveness, and impact of top line risks and emerging risks impacting the LOB/Stakeholder. Develop reporting of key measurements, metrics, and issues from the results of the RCSA. Consult with Business Units on identified operational risk exposure(s), including recommendations for mitigating the exposure(s). Manage and respond to Operational Risks Management internal audit and regulatory agency(ies) inquiries/requests. Drive required modifications to operational risk management or related policies, procedures and/or processes to proactively promote effective risk management in accordance with Enterprise Risk Management framework, policies/standards and requirements. Assist in the development and monitoring of Business Unit Key Risk indicators (KRIs). Perform operational risk management analyses and related reports/updates from both an aggregate and disaggregate (i.e. lines of business/stakeholders) to accurately and comprehensively derive and convey periodic risk profiles; and recommend required action(s) to mitigate risk. Policies, Processes, and Procedures Maintain sound knowledge of industry best practices, regulatory changes impacting the Bank and specifically LOBs/Stakeholders, to ensure accurate, timely and comprehensive information sharing, credible challenge risk due diligence exercises, and proactive risk management culture and practices across the enterprise. Assess impact of new laws or changes to regulations on standards, policies, and/or procedures. Provide risk management support to ensure current Operational Risk Management policies/processes in accordance with ERM framework; and Monitor and interpret policies, processes and procedures as necessary, in support of assigned Lines of Business (LOBs) and Stakeholders. Analyze and make recommendations on department policies, processes and procedures. Coordinate and recommend comprehensive approach and solutions to identified common risks across the enterprise and specifically for LOBs/Stakeholders. Partners with the business unit(s) to ensure all, processes and procedures are in compliance with policies, standards and processes. Committees and Special Projects Management of and/or participation in medium to large sized projects related to risk and compliance. Provide SLOD operational risk management review/due diligence relative to LOB/Stakeholders' projects, working groups and/or committees to ensure identification and effective/timely risk mitigation/remediation. Represent and/or participate in risk management and compliance committee meetings (i.e. ORMC, etc.) as required. Training and Reporting Complete education/training courses, webinars, and/or conferences to ensure currency on operational risk management best practices, methodologies/reporting practices relative to the financial industry and Bank's LOBs/Stakeholders, and their products/service offerings. Ensure currency, understanding and communication of operational risk management and relevant regulatory changes impacting the financial industry, and Comerica's LOBs/Stakeholders, as necessary. Educate and train LOBs/Stakeholders on ERM framework, processes, top line and emerging risks impacting the Bank, our LOBs, customers and products/services, via Risk Liaison meetings and other venues, meetings or communiques. Provide timely, complete and accurate risk management data/updates to Enterprise Risk Management team for enterprise-wide reporting; and participate in meetings to review Operational Risk Management data, as required. Ensure compliance training requirements are properly communicated and completed. Position Qualifications Bachelors' degree from an accredited university in business or related field 7 years of experience in operational risk management within the financial services industry 4 years of experience in executing risk management and compliance management 3 years of experience developing and implementing internal controls Must have Third Party Risk Management Please note : Only local to Michigan