Regulatory Change Management Sr Specialist
The Regulatory Change Management Sr Specialist reports to the Manager of Regulatory Change Management and is responsible for facilitating all aspects of the Regulatory Change Management (RCM) process. This includes ensuring that new Regulatory Change issuances of medium to high complexity and impact are socialized, assessed, and any necessary implementation actions are incorporated into business processes in a timely manner. This includes leading enterprise-wide communication with multiple lines of business to communicate impacts to various departments. It also includes assisting in development and enhancements of workflow and rules in the GRC Tool and testing changes to the Tool. This role requires robust knowledge of key federal regulations issued by the Federal Reserve, OCC, CFPB, and FDIC. The role necessitates ability to navigate complex regulatory change by assessing the unique needs of each project required to implement the change. This role will maintain strong relationships with the lines of business, compliance advisory, and risk partners.
Position Responsibilities:
Regulatory Change Management (RCM) Implementation
- Oversee the day-to-day workflow of the RCM process to ensure actions to address regulatory change are defined and implemented in a timely manner.
- Partner with Reg Change Manager in business partner meetings to develop and design program strategy and business requirements for the automation and continued enhancement of the RCM process in the GRC Tool.
- Monitor and document changes in regulations, 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.
- Facilitate implementation of high risk or more complex regulatory change by working with stakeholders to design strategy specific to needs of the business and monitor implementation.
- Collaborate on working groups or steering committees, as needed, for high risk and complex regulatory changes to provide guidance and ensure that regulatory requirements are met.
Operational Execution
- Contribute to updates to RCM procedures.
- Monitor Key Risk Indicators and assist in producing reports for senior leadership to track the RCM process.
- Coordinate with the Bank's risk assessment teams (Compliance Risk Assessment, RCSA, and BSA/AML) to support the input of regulatory change into these risk assessments.
- Analyze data for trends and lessons learned to inform potential reporting to stakeholders (i.e. senior leadership, business partners, etc.).
Training and Communication
- Create and deliver RCM-specific training to functional areas across Comerica.
- Communicate regulatory change effectively across the Bank.
- Mentor junior colleagues on the team with issues as needed.
- Other duties as needed.
Position Qualifications:
- Bachelor's Degree from an accredited university or in lieu of a bachelor's degree a High School Diploma or GED and 8 years of Risk Management or other related experience in the Financial Services Industry
- 6 years of experience in Financial services or related industry
- 5 years of experience in compliance, risk management in financial services or related industry
- 2 years of experience in Regulatory change management processes covering Federal Reserve regulations at a minimum
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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Comerica Bank
life insurance, parental leave, paid time off, sick time, 401(k)
Feb 28, 2025