New

Regulatory Change Management Specialist - Hybrid / Remote

Comerica Bank
life insurance, parental leave, paid time off, sick time, 401(k)
United States, Michigan, Farmington Hills
Feb 28, 2025
Regulatory Change Management Specialist The Regulatory Change Management Specialist reports to the Manager of Regulatory Change Management and is responsible for facilitating all aspects of the Regulatory Change Management (RCM) process and contributing to administrative updates to program documents. This includes ensuring that new Regulatory Change issuances of low to medium complexity and impact are socialized, assessed, and any necessary implementation actions are incorporated into business processes in a timely manner. 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 functional knowledge of key federal regulations issued by the Federal Reserve, OCC, CFPB, and FDIC. This role will maintain strong relationships with the lines of business, compliance advisory, and risk partners. Position Responsibilities: Regulatory Change Management (RCM) Implementation Conduct the day-to-day workflow of the RCM process working with stakeholders throughout the Bank to ensure actions to address regulatory changes are defined and implemented in a timely manner. Support the development and testing of the business requirements for the automation and continued enhancement of the RCM process in the GRC Tool at direction of the Reg Change Manager. 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. Work closely with functional areas across the Bank to ensure implementation of regulatory changes of low to medium complexity, including facilitating meetings as needed. RCM Process Governance and Maintenance Serve as the primary contact for stakeholders on the RCM process and tool including questions, deliverables, and system access. Update RCM procedures and ensure that regular reviews and updates are performed. Analyze data for trends and lessons learned and compile feedback from Senior Specialists to provide summary to management. Prepare reporting on RCM workflow and regulatory changes. Training and Communication Create and deliver RCM-specific training to functional areas across Comerica. Communicate regulatory change effectively across the Bank. Other duties as needed. Position Qualifications: Bachelor's Degree 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 4 years of experience in financial services or related industry 4 years of experience in compliance, risk management in financial services or related industry 2 years of experience in Regulatory change management processes covering Federal Reserve regulations at a minimum Work Best Category: Category C - Days in the office will either be designated days or will vary week to week from 2-5 days Hours: 8:00am - 5:00pm Monday - Friday Salary: 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.