Job Description
Compliance Specialist, Vice President
This position is responsible for governance, review and credible challenge of First-Line and Second-Line Compliance-related governance documents (policies, procedures, program documents, etc.) and for providing tactical Compliance Risk Management guidance for current and ongoing Enterprise-wide process enhancement initiatives. This role conducts processes to ensure First-Line and Second-Line Compliance-related governance documents are developed, maintained, revised and approved in accordance with roles and responsibilities outlined in Enterprise Compliance Risk Management Policy and Comerica's overall guidelines as well as providing credible challenge to identify, review, assess and mitigate regulatory compliance risk associated with process enhancement initiatives. This role will communicate with First-Line and Second-Line stakeholders as necessary to complete document governance processes and process enhancement activities to support the Compliance Management System and Enterprise Risk program activities related to the Compliance Risk Pillar.
Position Responsibilities:
- Identify, assess, monitor and credibly challenge the business unit's documented control environment. Provide compliance and control-related guidance and support for ongoing Enterprise-wide process design and enhancement initiatives to identify, assess, and mitigate compliance risk. Engage FLOD departments in the mapping of compliance risks to identified processes. Provide support and credible challenge related to the assessment of compliance risk inherent in current state and future state processes.
- Develop, maintain and track an active inventory of CMS-related policies and procedures across all applicable First-Line and Second-Line Departments. Provide subject matter expertise on the development, socialization, approval, implementation, training and ongoing maintenance of compliance-related policy and procedures. Maintain associated tools and templates to support document owners in the development and ongoing maintenance of compliance-related policies and procedures.
- Ensure the completion of all requirements under the Corporate Compliance Document Governance Procedures. This includes conducting reviews of First-Line and Second-Line Compliance-related Governance Documents, managing the Compliance-related Document Governance Review Lifecycle and coordinating with vested stakeholders (FLOD and SLOD) to ensure timely completion. Leverage Document Review Checklist to ensure review and credible challenge of FLOD and SLOD policies and procedures are accurately documented.
- Provide support to First-Line and Second-Line representatives on the Compliance Management System (CMS) program activities including the launch of new or updated Compliance-related procedures.
- Serve as Compliance SME for Compliance-related Governance for First-Line and Second-Line stakeholders. Field First-Line and Second-Line questions related to Compliance-related Document Governance roles, responsibilities and expectations. Escalate questions to management when necessary.
- Maintain and track inventory of changes requested between approval periods for FLOD & SLOD Compliance-related Governance Documents. Coordinate with Corporate Compliance SharePoint and Connect site owners to ensure compliance-related governance documents are quickly attainable. Work with site owners to ensure document links are updated on a timely basis.
- Manage Corporate Compliance's internal procedure and policy approval, record-keeping and communication process. Provide communications to Corporate Compliance on the status of documentation. Ensure documents are retained and updated in accordance with ILM standards and compliance policy expectations. Collect and review Corporate Policies tied to Comerica's Compliance Risk Pillar to support Comerica's annual compliance committee review and approval process.
- Coordinate the review, maintenance and updating associated applicable policy and procedure templates used by the First-Line and Second-Line departments to ensure changes are captured by all departments appropriately. Collaborate with Compliance SMEs to ensure updates are appropriate and complete.
- Develop, lead and manage ad-hoc compliance-related projects and initiatives as necessary. Conduct training via webinar or in-person on Compliance-related Document Governance for the First-Line and Second-Line using approved training materials, where necessary. Update associated training materials where appropriate.
- Serve as Second-Line compliance representative on Enterprise Risk-related projects as necessary.
- In Archer, remediate and close assigned SLOD self-identified issues, audit issues and regulatory issues, where necessary.
- Complete additional assigned tasks as required.
Position Qualifications:
- Bachelor's degree from an accredited university or 4 years of relevant work experience
- 8 years of experience working with varied business units with an understanding of banking/investment products and services
- 5 years of experience analyzing or interpreting regulatory requirements
- Project management experience
- Strong interpersonal, time and task management, and organizational skills
- Strong MS Office skills
- Some travel may be required
- Audit & Controls experience preferred
- Experience with drafting and review of policies or procedures preferred
Oaktec Building
8:00am - 5:00pm Monday - Friday. This position offers a hybrid work model that includes onsite and remote days as determined by the manager.