Manager Fair Lending and Responsible Banking Testing
The Manager, Fair Lending and Responsible Banking Testing within the second line of defense is responsible for planning, developing, implementing, and managing a comprehensive risk-based compliance testing program for their area of responsibility. The role is responsible for providing guidance and leading a team responsible for executing the compliance monitoring and testing plan, ensuring execution of other assigned compliance related projects, tasks, and functions as assigned. This candidate will prepare reports for various management committees and assist with developing and maintaining the Compliance Testing and Monitoring program.
Position Responsiblities
Fair Lending and Responsible Banking Testing, Monitoring and Reporting:
- Manage a sustainable Fair Lending and Responsible Banking testing and monitoring program covering Fair Lending and UDAAP, ensuring all testing requirements are met and execute on a defined timeline.
- Develop an Annual Fair Lending and Responsible Banking Monitoring and Testing Plan for using a risk-based approach to include RCSA control testing and issue validations.
- Utilize the results from the Fair Lending Analytics Lead and Fair Lending software such as Fair Lending Wiz to conduct the comparative file reviews.
- Partner with Fair Lending and Responsible Banking and Compliance Advisory teams on new or changing regulatory requirements, emerging risks, risk assessment results, and incorporation into the Fair Lending and Responsible Banking testing and monitoring program.
- Manage issue validations on a defined schedule and provide aggregate results through formal reporting.
- Analyze, aggregate, and report the results/issues/recommendations related to Fair Lending and Responsible Banking testing activities to senior management.
- Drive change through the enhancement and execution of a strong Fair Lending and Responsible Banking testing/monitoring program and provide risk support/consulting for key partners.
- Lead the strategy to execute Fair Lending and Responsible Banking monitoring and testing requirements and create policies and procedures for consistent execution.
- Establish strong relationships with business leaders, compliance, operations, Audit and other key stakeholders.
- Provide recommendations to the Line of Business for remediation of control gaps.
- Lead development and reporting of Fair Lending and Responsible Banking Testing metrics.
Policy, Process, and Procedure Improvement
- Coordinates the development and maintenance of all testing and monitoring procedures and department process flows.
- Support the development of control testing frameworks and methodologies.
Strategy
- Establish strong relationships with business leaders, Internal Audit, Legal and other key stakeholders.
- Participate in multiple industry forums to share, decipher and create solutions to address risk and compliance trends.
- Provide recommendations and counsel to senior management to gain support for implementation of new strategies.
- Partner with Compliance Testing tead as applicable to participate in complex corporate and department projects representing department needs while ensuring adherence to corporate and/or department direction.
Position Qualifications
- Bachelor's Degree from an accredited university or 4 years of relevant experience OR a High School Diploma or GED and 6 years of Business, Finance or other related experience in the Financial Services Industry
- 8 years Financial Services or related industry
- 8 years Experience in Fair Lending and/or UDAAP Compliance, Risk Management in financial services or related industry
- 5 years Managing a compliance monitoring and testing program
- 5 years Utilizing Fair Lending Wiz software
- Strongly preferred: Experience managing or leading a team
Category C - Days in the office will either be designated days or will vary week to week from 2-5 days
8:00am - 5:00pm Monday - Friday
For candidates hired in the state of California, Colorado, Maryland, Illinois, Washington, New York the expected salary/On-Target Earnings (OTE) range for the role is currently:
- California - $142,500 - $272,500 Annually
Salary Range(s) is subject to change. Comerica Bank takes several factors into account when determining individual starting pay. These include but are not limited to position, grade level, location/metropolitan area, skillset, and peer compensation. Comerica Bank considers the employer’s work location to determine the pay range.
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.
