Commercial Advisory Compliance Lead #247095
Farmington Hills, MI
Compliance / Security / Fraud / Risk
Full-time
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We invite you to explore the award-winning culture, people, rewards, and opportunities that make Comerica Bank so special. Make your next career choice a confident one.
Job Responsibilities: Regulatory Compliance and Business PartnershipProvide advice and guidance on the Comerica Commercial businesses and related activities by possessing strong working knowledge of the 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 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 are in compliance with applicable policies and regulations.Actively participate in business unit meetings, committees, and providing support and guidance on compliance and regulatory matters.Collaborate with other departments on implementation of any new or changed laws, rules, regulations, and products or services.Review and appropriately challenge marketing collateral and customer-facing documents for appropriate disclosures.Manage and maintain enterprise-wide policies, standards, and procedures designed to achieve compliance.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 new or revised regulatory requirements.Testing, Audits and ExamsCollaborate with Compliance Testing Team to define the appropriate scope of compliance reviews.Partner with business units to lead regulatory exams, internal and external audits, and enterprise-level reviews.Assist business units with responses, as necessary.Read, analyze, and develop an in-depth understanding of the regulation to determine requirements/mandates.TrainingIn partnership with the HR Talent Development department, advise business partners on special training needs.Lead development, implementation, and monitor necessary training programs for the team and risk compliance liaisons.Other duties as assigned.Qualifications: Bachelor's Degree from an accredited university in Business, Finance, or related field OR a High School Diploma or GED and 6 years of Risk Management or related experience in the Financial Services industry.6 years of experience in regulatory compliance or related Legal experience.5 years of experience in 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 Hours: 8:00am - 5:00pm Monday - Friday
Salary Range: Work Location(s): 17 Cowboys Way
About Comerica: We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance.
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