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:
7-12 years
Overtime Status:
Exempt
Job ID:
246226
Manager, Regulatory Change Management – Hybrid
- Lead the development and implementation of a comprehensive LRR Library.
- Develop, implement and oversee the day-to-day Regulatory Change Management Process (RCM) processes, controls and procedures to ensure compliance with regulatory requirements.
- Develop and maintain key risk indicators (KRIs) relating to the RCM.
- Communicate regulatory changes across the bank and partner with Lines of Business to ensure implementation of regulatory changes.
- Provide oversight to ensure that regulatory changes are incorporated into Comerica’s policies, procedures, and processes in a timely and appropriate manner.
- Responsible for the oversight for the RCM governance process including reporting to management.
- Lead cross-functional teams to manage regulatory change projects, including planning, execution and monitoring of milestones and deadlines.
- Participate as a regulatory change mangement expert on project teams where significant change is taking place to ensure that all requirements are being met, e.g. controls, procedures etc.
- Monitor regulatory developments and escalate key potential regulatory changes to management.
- Ensure the quality, accuracy and timliness of regulatory compliance activities and documentation and implement improvements as needed.
- Report on the RCM program to management, including KRIs, program status, key regulatory changes and actions being taken to comply with regulatory changes.
- Manage the automation of the RCM process in the GRC Tool.
- Communicate regulatory requirements and changes to internal stakeholders, including senior management, legal teams and Line of Business partners.
- Provide training and education to employees on regulatory requirements and changes relevant to their roles.
- Develop team through on-going performance coaching, counseling and training programs.
- Hire, train and retain a high-performing team.
- Develop and manage the strategy for integration of the LRR Library and RCM process with other components of the Compliance Risk Management Framework.
- Stay updated on relevant laws, regulations and industry standards and assist with interpreting their implications for the Bank.
- Participate in industry forums.
- Bachelor’s from an accredited university
- 8 years Experience in financial services or related industry
- 4 years Experience in compliance, risk management in financial services or related industry
- 4 years Regulatory change management processes covering Federal Reserve regulations at a minimum
- 2 years Managerial experience
Comerica Great Lakes Campus8:00am – 5:00pm Monday – Friday