Divisional Director, Business Risk and Control Officer - Commercial Banking and Capital Markets
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About The Position
The Senior Director, Divisional Business Risk and Control Officer (BRCO) is a pivotal role in guiding the business to identify and understand risk exposures and the controls needed which are integral to reducing risk and safeguarding our customers and colleagues. The Senior Director, Divisional BRCO leads a team who are critical to the success of the Risk Management Lifecycle and plays a role in Planning, Identifying, Assessing, Mitigating, Monitoring, and Reporting. The Senior Director, Divisional BRCO and their team are members of the First Line of Defense (1LOD) who: * Provide leadership and coaching to the 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.
