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Corporate Compliance Advisory Lead - Hybrid / Remote

Comerica Bank
life insurance, parental leave, paid time off, sick time, 401(k)
United States, Michigan, Farmington Hills
Feb 21, 2025
Corporate Compliance Advisory Lead
The Corporate Compliance Advisory Lead within the Second Line of Defense (2LOD) is responsible for providing leadership, vision and regulatory compliance subject matter direction to Corporate functions of Comerica Bank, including: Model Risk Management, Third Party Risk Management, Corporate Responsibility, Data and Analytics, Human Resources and Change Management. This position will provide ongoing guidance to the Line of Business as well as lead and manage implementation of processes, requiring an in-depth knowledge and understanding of the applicable regulations. They will be required to interact closely with the Line of Business and key stakeholders, including Legal, Internal Audit, Business Management and Control functions. This individual will assist the Line of Business to detect, assess, and respond to emerging risks, and maintain a comprehensive compliance risk and control framework.
Position Responsibilities:
Regulatory Compliance and Business Partnership


  • Provide advice and guidance on the Comerica Corporate fucntions and related activities by possessing strong working knowledge of the applicable rules and regulations such as ADA, Reg P, Sale Practices and Incentives Guidance, Third Party Risk Management Guidance, UDAAP and related rules and guidance (e.g., FRB Supervision and Regulation Letters, CFPB bulletins, OCC Comptroller handbooks; OCC bulletins; FFIEC Guidance; etc.).
  • 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 by using a risk mindset; participate in process walkthroughs and documentation of key controls, analyze, and escalate potential gaps in control design or coverage to Compliance Advisory leadership team.
  • Partner with Line of Business, Compliance, Risk and third parties to ensure all processes and procedures comply with applicable policies and regulations.
  • Actively participate in business unit meetings, committees, and provide support and guidance on compliance and regulatory matters.
  • Collaborate with other departments on implementation of any new or changed, laws, rules, and regulations.
  • 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.
  • 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.


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; manage audits and exams on a proactive project basis to ensure that responses submitted are appropriate and accurate and adequately address the request.
  • Assist business units with responses, as necessary.
  • Read, analyze, and develop an in-depth understanding of the regulation to determine requirements/mandates.


Training


  • 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.
  • Other duties as assigned.



Position 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 other 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 to the business


Licenses/Certifications:


  • Certified Regulatory Compliance Manager (CRCM) preferred

Work Best Category: Category C - Days in the office will either be designated days or will vary week to week from 2-5 days Hours: 8:00am - 5:00pm Monday - Friday Salary: To Be Determined Based on Individual Experience

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, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.

Upon offer, Comerica conducts a comprehensive background and fingerprint check.

NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.

Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.

Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.

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