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:
246864
Compliance Testing Lead
- Lead and manage the end-to-end testing lifestyle including planning, fieldwork, final reporting, and resolution of testing plans.
- Partner with Compliance Advisory Specialists to define scope, framework, objective, and depth of testing by reviewing the risks and controls identified in the Compliance Risk Assessment (CCRA), Risk Assessment (RCSA) or by other means.
- Participate in and lead the development and documentation of test scripts, including supporting documentation, to ensure testing is appropriate and covers the applicable regulatory scope for Comerica.
- Execute on testing plans to assess the control environment, including producing accurate and timely workpapers that adequately support testing results and conclusions.
- Document findings and remediation plans in accordance with Comerica’s Issue Management process.
- Provide oversight, recommendation, evaluation and guidance on testing strategies and methodologies to demonstrate the effectiveness and adequacy of policies, procedures, and controls to more junior colleagues on the testing team.
- Partner with Compliance Advisory Management to review and adjust testing and remediation plans to account for revised regulatory guidance and/or emerging risks.
- Collaborate with business partners in the First and Second Lines of Defense, and Third Line of Defense (3LOD) Audit Teams to refine compliance testing methodologies and standards, testing schedules, results of testing and trends, and best practices.
- Provide advice, guidance, and oversight for assigned area of testing by possessing strong working knowledge of the applicable rules and regulations.
- Identify, measure, and escalate compliance risk issues to management as necessary.
- Provide compliance risk expertise to the lines of business on developing issue remediation plans and effectively managing regulatory change and risk.
- Maintain up to date knowledge of changing regulatory requirements and Comerica’s business model to identify changes that have potential to impact Comerica’s compliance framework and the Compliance Testing plan.
- Lead preparation/coordination of deliverables accurately and timely (i.e., responses, artifacts).
- Lead preparation of responses to inquiries as needed.
- Participate as a subject matter expert in other testing and monitoring activities such as KPI/KRI reporting, CCRA activities, audits, etc.
- Bachelors from an accredited university preferably in Business, Finance, or related field) from an accredited university or in lieu of a bachelor’s degree, a High School Diploma or GED and 6 years of Risk Management or other related experience in the Financial Services Industry
- 6 years Experience working with Compliance testing or a similar area (i.e., Risk Management, Audit, or a related area)
- 5 years Experience in banking regulatory compliance, legal, or financial services consulting.
- 3 years Experience working with lines of business in interpreting and applying relevant rules, laws, and regulations to the business.
- Preferred: Certified Regulatory Compliance Manager (CRCM) certification or other applicable/relevant certification preferred but not required
Comerica Great Lakes Campus8:00am – 5:00pm Monday – Friday