Ops Risk Loss Framework Lead

Operational Risk Loss Events Framework Lead

The Operational Loss Events Framework Lead is responsible for managing Comerica's operational loss events program : inclusive of identifying, tracking, analyzing, and reporting on operational loss events in alignment with corporate objectives, risk management frameworks, industry best practices, and regulatory requirements. The successful candidate must be a strategic thinker to develop, implement, and educate colleagues on the overall operational loss event framework. This includes understanding the necessary requirements for large banks, impacts to Operational Risk Capital (ORC), proper root cause analysis, risk and control identification, and ability to articulate Operational loss driver to Basel and Operational risk taxonomy.

Position Responsibilities :

Framework Management

• Evaluate current construct to identify a fit-for-purpose and dynamic framework solution to ensure proper identification, documentation, and reporting of operational loss events across the company.
• Develop and codify framework requirements with the Policy and supporting procedure(s).
• Serve as primary point of contact for all operational loss events including collaboration with the First Line-of Defense (FLOD) partners in loss event identification, impact / root-cause analysis, and potential Issue identification.
• Ensure proper classification and categorization of loss events aligned to regulatory requirements and internal taxonomies.
• Facilitate the investigation and root cause analysis of significant loss events. Provide recommendations to senior leadership regarding areas of improvement in risk management processes.

Reporting and Monitoring

Training and Awareness

Other