What are the responsibilities and job description for the BIO Corporate Functions position at Comerica Bank?
BIO - Corporate Functions
The BIO - Corporate Functions is accountable for defining and delivering technology strategy and capabilities across the Corporate and Enterprise Risk functions. The BIO - Corporate Functions is a key contributor to the Business Units' (BUs') strategy and planning process and will be responsible for technology operations, delivering transformational business capabilities and bringing disruptive innovation to future proof the business. It is critical for this leader to build strong and productive relationships with all BU leaders, acting as a trusted advisor to BU Heads and their leadership team.
Position Responsibilities:
Strategy
Strategy
- As a member of the senior management team, partner with BU and technology leaders to formulate the company's business and digital strategies, product roadmaps.
- Develop BU Technology vision, strategy, and a roadmap, and lead the IT team and its business partners in effective execution.
- Proactively advise the senior management team on the emerging technologies and digital trends that are most relevant to the company's goals and evolving needs.
- Help determine capital investment parameters, priorities and risks for technology initiatives to maximize the competitive advantage and return on investment.
- Influence enterprise-wide digital transformation; Mobilize commitment, shared vision and work toward digital transformation. Identify recommend and develop cost-effective technology solutions for the enterprise.
- Partner with shared services and peer DCIOs to develop effective enterprise capabilities as appropriate aligned with core architectural principles.
- Ensure transparency and collaboration between the IT organization and its business partners.
- Create new business models in partnership with cross-functional CXOs.
Execution Excellence
- Implement the most appropriate and effective organizational design to support and engage with the business.
- Direct the design, planning, implementation, and maintenance of the products and platforms that supports the BU's operations and customer facing applications.
- Establish metrics for managing technology effectiveness and impact including availability and reliability of all key systems.
- Maintain oversight of all technology projects, ensuring that commitments are properly planned, staffed, monitored, and delivered.
- Partner with Enterprise teams to design and implementation of an BU/Enterprise disaster recovery and business continuity plan.
- Partner with Enterprise team to advance DevOps methodology, Human centered Design and effective technology & security standards.
- Monitor the industry for developments in IT operations; evaluate and implement relevant new tools and service management frameworks.
- Review, recommend, and oversee all vendors and managed service agreements for computing, telecommunications, IT services, and equipment.
Leadership and Development
- Ensures the continuous development and advancement of Technology skills and capabilities among teams across technology through on-going coaching, mentoring and fostering an environment of continuous learning.
- This position is responsible for creating and nurturing teams of teams with shared goals and objectives, while retaining and attracting top talent.
- This position is responsible for exhibiting a participative management style with peers of Technology and with business partners, providing a positive influence on the workforce and Tech leadership teams.
Risk and Operational Management
- Manage strategic vendor relationships.
- Promote continuous improvement mindset in improving operations.
- Develop operational run book and procedures for respective products and platforms
Manage risk (including TLCM) and ensure risk mitigation plans are actively managed and adjusted as appropriate. - Effective engagement with regulators as required.
Financial Plan
- Develop and implement plan to track usage of technology investments.
- Accountable for creating, securing approval for and management of Business Units capital and expense budgets, while exhibiting strict cost discipline.
- Accountable for understanding and driving meaningful implications of key financial indicators, and the use financial analysis to create and evaluate strategic options and opportunities.
- Accountable for negotiating and managing multi-million-dollar contracts and vendor relationships on behalf of the bank.
- Explore and deploy tools and associated practices to build consumption patterns, identify cost optimization opportunities and provide input to financial planning activities.
- Responsible for developing and delivering effective proposals in a manner that provides crisp and clear business value to executive leadership.
Qualifications:
- 4 year Bachelors Degree in Math, Engineering and 15 years of relevant experience in Technology or equivalent operational responsibilities
- Experience in managing Technology in national or regional banks preferred
- 10 or more years of leading
- 10 or more years of leading and motivating large diverse teams
- 10 or more years of leading through operational concerns
- 10 years of creating and executing strategic initiatives
- 3 or more years managing DevOPs teams
8:00am - 5:00pm Monday - Friday
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.