Manager Compliance Advisory Fair Lending and Responsible Banking
The Fair Lending and Responsible Banking Advisory Manager will provide guidance and direction to business lines on the organization's Fair Lending and Responsible Banking program including UDAAP and serve as a trusted advisor to lines of business leadership. This individual will report directly to the Director of Fair Lending and Responsible Banking and act as a key contact for Fair Lending and Responsible Banking advisory requests (covering Fair Lending and UDAAP), and help guide the implementation of organization-wide Fair Lending and Responsible Banking policies and procedures across the bank. The Fair Lending and Responsible Banking Advisory Lead will offer strategic guidance on interpreting laws, rules, and regulations; developing new policies and procedures; and remediating existing issues related to Fair Lending and UDAAP. Additionally, the Fair Lending and Responsible Banking Advisory Lead will help create a strong compliance culture across the organziation by assisting in the development of Fair Lending and UDAAP compliance-related trainings.
Position Responsibilities
Trusted Business Advisor
- Serve as a key compliance contact and trusted advisor to business leadership on Fair Lending and Responsible Banking related matters and evaluate required escalation of those matters to the Director of Fair Lending and Responsible Banking.
- Provide guidance and ongoing support on managing Fair Lending and Responsible Banking risks and applying compliance requirements to new products and processes.
- Provide guidance and ongoing support on managing Fair Lending and UDAAP risk in marketing and specifically, reviews advertisements and other promotional material for Fair Lending and UDAAP concerns and conducts an annual Fair Lending and Responsible Banking review.
- Assist in interpreting existing organization-wide compliance risk policies and procedures and provide support in the development of compliance procedures specific to Fair Lending and Responsible Banking.
- Lead Fair Lending and Responsible Banking and UDAAP risk assessments across all of the business lines within the bank.
Regulatory Engagement and Remediation
- Support the business leadership in understanding Fair Lending and Responsible Banking (including UDAAP) laws, rules, and regulations to determine requirements for various areas and changes that need to be implemented.
- Ensure that the bank has adequate policies, procedures, and processes in place to comply with relevant Fair Lending and Responsible Banking (including UDAAP) laws, rules, and regulations.
- Track industry trends and best practices to anticipate future areas of focus for regulators and proactively communicate them to Fair and Responsible Banking and business leadership.
- Provide Fair Lending and Responsible Banking (including UDAAP) expertise to support timely remediation of various issues within business lines, including regulatory and internal audit issues.
- Provides credible challenge to business line colleagues on components of the compliance risk and control environment related to Fair Lending and Responsible Banking, including HMDA and CRA.
Reporting and Monitoring
- Develop presentations for senior management on the effectiveness of the Fair Lending and Responsible Banking (including UDAAP) program across the organization.
- Provide updates to the Fair and Responsible Banking Committee.
Training and Leadership
- Partner with Director of Fair Lending and Responsible Banking to identify specific compliance-related training needs and support the creation, revision, and review of training materials and tools.
- Manage and develop compliance specialists supporting the overall Fair Lending and Responsible Banking program.
Position Responsibilties
- Bachelor's Degree from an accredited university or 4 years of relevant experience OR a High School Diploma or GED and 6 years of Risk Management or other related experience in the Financial Services Industry
- 8 years experience in banking regulatory compliance or related legal experience
- 5 years experience in Fair Lending and/or UDAAP compliance or related
- 5 years experience in working with lines of business in interpreting and applying relevant laws and regulations to products and services
- Strongly preferred: Experience managing or leading a team
Licenses & Certifications
- Preferred: Certified Regulatory Compliance Manager (CRCM) certification or other applicable/relevant certifications or licenses helpful but not required
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
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.
