BRCO Governance Lead - Risk

BRCO Governance Lead   The Business Risk and Control Office (BRCO) Governance Lead for the Line of Business will be responsible for collaborating with 1LOD on risk management frameworks, tools, regulatory requirements and how to build and maintain internal controls. They will also be responsible for supporting the governance and management of the Line of Business framework and programs as well as supporting various risk committees. The BRCO Governance Lead role will also be responsible for helping advise, guide, support and/or own 1LOD additional risk activities, while ensuring alignment to 2LOD frameworks and policies, in topics such as Exams, Compliance, Third-Party Risk, Model Risk, Compliance, Human Capital, and Business Continuity.   Please Note: This BRCO role will sit in the SLOD   Position Responsibilities   Collaborates with 1LOD on risk management frameworks, tools, regulatory requirements and how to build and maintain internal controls.

• Provides leadership and coaching to 1LOD to proactively identify and effectively manage risks.
• Translates and educates 1LOD to enable and drive business relevant implementation of (2LOD) risk management frameworks, policies, taxonomies, and inventories.
• Drives two-way collaboration across 1LOD and 2LOD; liaise between 1LOD and 2LOD to drive engagement throughout the risk management lifecycle.
• Collaborates and coordinates across the organization to help navigate and mitigate horizontal risk promoting resilience and ensuring safety and soundness.
• Drives a strong enterprise risk culture by fostering rigor and discipline focused on risk and compliance awareness, ethical business practices, transparency, and escalation.
• Learns continuously about the line of business to strengthen subject matter expertise and provide more valuable application of risk guidance.
• Collaborates with and supports other BRCO team members to ensure a robust and comprehensive implementation of 2LOD frameworks within 1LOD.

Line of Business Governance and Risk Committees

• Supports the governance and management of the Line of Business (LOB) risk management framework and program.
• Supports the operation of the internal risk forums/meetings.
• Supports the production of risk profiles and risk dashboards for departments within Line of Business.
• Prepares program documentation and procedures.
• Supports risk committees in accordance with the Corporate Governance Framework with the primary focus on risk identification, assessment, and/or mitigation. Maintains charters, captures minutes, prepares meeting packages, and prepares reports on activities for the authorizing committee and escalates issues as needed.

Provides 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.   Advises, guides, supports and/or owns additional risk activities required for a well-functioning organization, such as:

• Exam related activities: Owns and serves as the point of contact for the 1LOD relationship for all exam related activities including regulatory, 2LOD, Internal Audit, various internal Risk Pillars, etc. Gathers data, answers questions, reviews materials, responses and validate 1LOD remediation work (e.g. artifacts, action plans, etc).
• Compliance Liaison - Understands and translates how to apply the identified rules, regulations, and laws to assist the business to create proper controls.
• Supplier Management and Third-Party Risk - Provides guidance and works with 1LOD to identify, measure, control, monitor, and report on Third-Party risks in accordance with corporate risk policies.
• Model Risk - Partners with 1LOD to ensure adherence to model risk management policies and procedures. Understands the models owned or used by the line of business. Drives the oversight and governance activities, as required by 2LOD.
• Complaint Oversight: Ensures the logging and management of complaints is aligned to enterprise-wide policies and procedures through regular testing. Assists in root cause analysis, identifies trends and holds 1LOD owners accountable to resolve/fix reoccurring complaints to safeguard our customers and improve their experience.
• Human Capital - Educates and trains business unit on risks that affect them and ensures compliance training requirements are met. Assists with staffing adequacy.
• Business Continuity - May include guiding 1LOD, gathering information, and/or maintaining the Business Continuity plan, as well as participating in the Business Continuity Exercises.