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Compliance Specialist Lead
Dallas, TX
Job Description
Compliance Specialist III
This position is responsible for providing guidance and direction and making recommendations with respect to compliance laws and regulations. This includes ongoing guidance as well as leading and managing major implementation processes. This position will also assist in detecting, assessing, and responding to emerging risks.
This position is responsible for providing guidance and direction and making recommendations with respect to compliance laws and regulations. This includes ongoing guidance as well as leading and managing major implementation processes. This position will also assist in detecting, assessing, and responding to emerging risks.
Essential Duties and Responsibilities:
- Perform compliance testing across multiple regulations within the Retail line of business; (i.e., RESPA, FLOOD, Truth in Lending, UDAAP, Truth in Saving, Electronic Fund Transfer, Funds Availability).
- Independently manage assigned testing engagements which includes performing walkthroughs, creating test scripts, execution, issue vetting, drafting final reports, and reporting.
- Adhere to a defined testing schedule and provide periodic updates on progress.
- Perform issue validations to determine management' commitments and sustainability.
- Lead complex testing engagements and provide guidance to other team members supporting the engagement.
- Work independently and establish strong relationships with business partners, legal, compliance, and other key stakeholders.
Regulatory Compliance
- Lead and manage implementation of new or revised regulatory requirements.
- Read and analyze regulation to determine requirements/mandates.
- Develop an understanding of regulatory requirement and how those requirements impact Comerica.
- Review the gap analysis to compare the current state with the new required state.
- Develop and implement a plan -- ensuring requirements/mandates are met by the implementation date.
- Answer questions and assist with the resolution of issues during the implementation phase.
- Act as the primary contact for the Line of Business/Compliance, including actively participating in meetings and providing support and guidance with implementation questions and specific fact-based scenarios.
Analytics
- Performs analysis in managing risks in existing operations resulting from industry lawsuits, settlements, etc. associated with regulatory violations.
Reporting/Project Mgt
- Partner with the Line of Business and Compliance on key projects related to compliance and regulatory matters.
Testing/Exam
- Collaborate with the Line of Business and Compliance along with the Corporate Compliance Risk Control (CCRC) to assist in defining the appropriate scope for each control exam by providing guidance regarding emerging risks and new or revised regulatory changes that may impact the business unit.
- Executes periodic self-monitoring or testing to determine whether policies and procedures are being followed.
Training
- Advise area of responsibility on special training needs and assist in the creation and revision of training and training tools.
- Partner with the Line of Business and Compliance to review and revise training to ensure that it is up to date and inclusive.
Position Qualifications
- Bachelor's degree from an accredited university or 4 years of relevant work experience
- 8 years related experience in Compliance or Risk Management
Licenses & Certifications
- Certified Regulatory Compliance Manager (CRCM) certification or other applicable/relevant certification preferred but not required
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.
Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
4 to 8 years
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