Farmington Hills, MI, 48332, USA
17 hours ago
Senior Regulatory Change Management Specialist - Hybrid / Remote
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. Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled
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