Primary Location:
Comerica Great Lakes Campus
Locations:
Farmington Hills, MI US
Additional Locations:
Comerica Great Lakes Campus; 17 Cowboys Way
Job Type:
Full-time
WorkBest Job Category:
Category C – Days in the office will either be designated days or will vary week to week from 2-5 days
Job Category:
Compliance/Security/Fraud/Risk
Required Experience:
3-7 years
Overtime Status:
Exempt
Job ID:
246228
Regulatory Change Management Specialist
- Responsible for the day-to-day manangement of the LRR Library and the Regulatory Change Management process (RCM).
- Responsible for providing support and guidance for the automation of the RCM process in the GRC Tool, business requirements, and testing of the tool.
- Implement and oversee the program to monitor and document changes in regulations, industry enforcement actions, guidance, and other regulatory publications to ensure that regulatory changes are incorporated into Comerica’s policies, procedures, and processes in a timely and appropriate manner.
- Participate in projects as the Compliance RCM subject matter expert to provide guidance and ensure that requirements are followed.
- Responsible for producing reports and analyzing data and providing recommendations as needed.
- Contribute to continuing development of related policies and procedures and ensure that regular reviews and updates are performed.
- Monitor KRIs and and produce reports to track the RCM process.
- Work closely with functional areas across the Bank to ensure implementation of regulatory changes.
- Coordinate with the Bank’s risk assessment teams (Compliance Risk Assessment, RCSA, and BSA/AML to support the input of the LRR Library and regulatory changes into these risk assessments.
- Identify potential compliance risks due to regulatory changes and facilitate the development of action plans to mitigate the risk.
- Analyze data for trends and lessons learned.
- Communicate regulatory changes efectively across the Bank.
- Coordinate with all three lines of defense to ensure action plans are developed an implemented to address changes in LRRs.
- Bachelor’s degree from an accredited university
- 6 years Financial services or related industry
- 4 years Experience in compliance, risk management in financial services or related industry
- 2 years Regulatory change management processes covering Federal Reserve regulations at a minimum
Comerica Great Lakes Campus8:00am – 5:00pm Monday – Friday