Comerica Bank
Commercial Advisory Compliance Lead
Comerica Bank, Farmington Hills, Michigan, United States,
Compliance Advisory Lead CommercialThe Compliance Advisory Lead within the Second Line of Defense (2LOD) is responsible for providing leadership, vision and regulatory compliance subject matter direction to the Commercial division of Comerica Bank. This position requires actively seeking and recognizing new laws and regulations that will impact the business units, providing ongoing guidance, and managing major implementation processes. The role involves closely interacting with the Line of Business and key stakeholders, including Legal, Internal Audit, Business Management and Control functions. This individual assists business units in detecting, assessing, and responding to emerging risks while maintaining a comprehensive compliance risk and control framework.Job Responsibilities:Regulatory Compliance and Business PartnershipProvide advice and guidance on Comerica Commercial businesses and related activities by possessing strong knowledge of applicable rules and regulations such as Reg O, Reg W, Reg Y, ECOA, HMDA, FDPA, SCRA, and related rules and guidance.Serve as compliance Subject Matter Expert on regulations within the assigned area of responsibility.Provide ongoing leadership and coaching to business management and functional partners to assist with Compliance and Risk and Control Assessments.Partner with Line of Business, Compliance, Risk, and third parties to ensure all processes and procedures comply with applicable policies and regulations.Actively participate in business unit meetings and committees, providing support on compliance and regulatory matters.Collaborate with other departments on the implementation of new or changed laws, rules, regulations, and products or services.Review and appropriately challenge marketing collateral and customer-facing documents for compliance with applicable regulations.
Risk AwarenessManage and maintain enterprise-wide policies, standards, and procedures designed to achieve compliance with applicable laws, rules, and regulations.Participate in industry forums to understand and implement best practices.Evaluate and advise on new/revised products and services from a compliance risk perspective.Assist in leading corporate-wide implementation efforts of regulatory requirements.
Testing, Audits and ExamsCollaborate with the Compliance Testing Team to define the appropriate scope of compliance reviews.Partner with business units to lead regulatory exams, audits, and enterprise-level reviews.Assist business units with responses as necessary.Read, analyze, and develop an in-depth understanding of regulations to determine requirements.
TrainingIn partnership with the HR Talent Development department, advise business partners on special training needs and assist in the creation and revision of training materials.Lead development, implementation, and monitoring of training programs for the team and risk compliance liaisons.Other duties as assigned.
Job Qualifications:Bachelor's Degree in Business, Finance, or related field OR a High School Diploma or GED and 6 years of related experience in the Financial Services industry.6 years of experience in regulatory compliance or related Legal experience.5 years of experience in the Financial Services industry.3 years of experience working with lines of business in interpreting and applying relevant rules, laws, and regulations.
Licenses/Certifications:Certified Regulatory Compliance Manager (CRCM) preferred.
Work Best Category:
Category C - Days in the office will vary from 2-5 days per week.Hours:
8:00am - 5:00pm Monday - Friday.Salary:
To Be Determined Based on Individual Experience.#J-18808-Ljbffr
Risk AwarenessManage and maintain enterprise-wide policies, standards, and procedures designed to achieve compliance with applicable laws, rules, and regulations.Participate in industry forums to understand and implement best practices.Evaluate and advise on new/revised products and services from a compliance risk perspective.Assist in leading corporate-wide implementation efforts of regulatory requirements.
Testing, Audits and ExamsCollaborate with the Compliance Testing Team to define the appropriate scope of compliance reviews.Partner with business units to lead regulatory exams, audits, and enterprise-level reviews.Assist business units with responses as necessary.Read, analyze, and develop an in-depth understanding of regulations to determine requirements.
TrainingIn partnership with the HR Talent Development department, advise business partners on special training needs and assist in the creation and revision of training materials.Lead development, implementation, and monitoring of training programs for the team and risk compliance liaisons.Other duties as assigned.
Job Qualifications:Bachelor's Degree in Business, Finance, or related field OR a High School Diploma or GED and 6 years of related experience in the Financial Services industry.6 years of experience in regulatory compliance or related Legal experience.5 years of experience in the Financial Services industry.3 years of experience working with lines of business in interpreting and applying relevant rules, laws, and regulations.
Licenses/Certifications:Certified Regulatory Compliance Manager (CRCM) preferred.
Work Best Category:
Category C - Days in the office will vary from 2-5 days per week.Hours:
8:00am - 5:00pm Monday - Friday.Salary:
To Be Determined Based on Individual Experience.#J-18808-Ljbffr