Compliance Advisory Lead

4 weeks ago


Farmington Hills, Michigan, United States Comerica Bank Full time

Job Title: Compliance Advisory Lead - Commercial

Job Summary:

The 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 the ability to actively seek and proactively recognize new laws and regulations that will impact the business units.

Key Responsibilities:

  • Provide advice and guidance on the Comerica Commercial businesses and related activities by possessing strong working knowledge of the applicable rules and regulations.
  • 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 and to ensure compliance with applicable regulations.

Requirements:

  • Manage 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 as appropriate.
  • Evaluate and advise on new/revised products and services from a compliance risk perspective to assigned business units.
  • Assist in leading corporate-wide implementation efforts of new or revised regulatory requirements.

Training and Development:

  • In partnership with the HR Talent Development department, advise business partners on special training needs and assist in the creation and revision of training materials and tools.
  • In partnership with the HR Talent Development department, lead development, implementation, and monitor necessary training programs for the team and risk compliance liaisons to ensure they understand the Compliance Risk Framework and their responsibilities within the framework.


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