Compliance Risk Management Professional

10 hours ago


Farmington Hills, Michigan, United States Comerica Bank Full time

Job Description


Overview: As a Compliance Risk Management Professional at Comerica Bank, you will be responsible for providing leadership and regulatory compliance subject matter direction to the Commercial division. This role requires proactive recognition of new laws and regulations impacting the business units, as well as ongoing guidance and major implementation processes.

Key Responsibilities:
Regulatory Compliance
  • Provide advice and guidance on Comerica Commercial businesses and related activities by possessing strong working 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 assigned area of responsibility.
  • Partner with Line of Business, Compliance, Risk, and third parties to ensure all processes and procedures are in compliance with applicable policies and regulations.
  • 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.

Risk Awareness
  • Manage and maintain enterprise-wide policies, standards, and procedures designed to achieve compliance with applicable laws, rules, and regulations.
  • 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.

Testing, Audits, and Exams
  • Collaborate with Compliance Testing Team to define the appropriate scope of compliance reviews by providing guidance regarding emerging risks and new or revised regulatory changes that may impact the business.
  • Partner with business units to lead regulatory exams, internal and external audits, and enterprise-level reviews.

Training and Development
  • In partnership with 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 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.

The estimated salary for this position is approximately $120,000 - $150,000 per year, based on industry standards and job market conditions in the United States. This compensation range may vary depending on factors such as location, experience, and qualifications.



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