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Fiduciary Compliance Specialist IV
Charlotte, NC
Job Description
Compliance Specialist IV
This senior level position is responsible for providing leadership, vision and direction to multiple business units with respect to compliance with laws and regulations. Providing this leadership, vision and direction requires the position to actively seek and proactively recognize new laws and regulations that will impact business units. This position will provide ongoing guidance as well as lead and manage major implementation processes, beginning with reading, interpreting and developing an in depth knowledge and understanding of the regulation and ending with a successful implementation across all impacted business units. This also includes providing oversight to multiple business units with their ability to detect, assess, and respond to emerging risks.
Position Responsibilities:
Regulatory Compliance
- Lead and manage corporate-wide implementation of new or revised regulatory requirements.
- Read, analyze, and develop an in-depth knowledge of the regulation to determine requirements/mandates.
- Compliance Subject Matter Expert on regulations within assigned area of responsibility.
- Provide oversight, recommendations, and direction team members.
- Assist Line of Business with a gap analysis to compare the current state with the new required state.
- Assist Line of Business with the development of an implementation plan -- ensuring requirements/mandates are met by implementation date.
- Answer questions make recommendations and address issues identified during the implementation phase.
Analytics
- Performs analysis in managing risks in existing operations resulting from industry lawsuits, settlements, etc. associated with regulatory violations.
Reporting/Project Management
- Independently identify projects and tasks to be completed and lead teams and solo efforts to complete act as a primary contact with business unit liaisons with respect to dashboard reviews; develop materials for Corporate-wide committees, as needed.
Testing/Exams
- Act as a primary contact for federal regulatory exams, internal audits, external audits, and enterprise-level reviews; manage these audits and exams on a proactive project basis to ensure that responses submitted are appropriate and accurate and adequately address the request. Assist business units with responses, as necessary.
- Collaborate Line of Business and Compliance to assist in defining the appropriate scope control exam by providing guidance regarding emerging risks and new or revised regulatory changes that may impact the business.
- Review work papers, answer file specific questions, and assist and advise on the drafting of the final report as needed.
- 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.
Position Qualifications:
- Bachelor's degree preferred or 4 years relevant experience
- 10 or more years Banking regulatory compliance or related legal experience
- Certified Regulatory Compliance Manager (CRCM) certification or other applicable/relevant certifications or licenses helpful 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 Experience
4 to 10 years
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