Regulatory Change Management Specialist

Comerica Bank; Farmington (MN); On-site; USD 80,000 - 100,000; Full time

Job summary

A leading bank is seeking a Regulatory Change Management Specialist to oversee the implementation of regulatory changes and ensure compliance with federal regulations. This role demands strong data analysis skills and regulatory policy knowledge, contributing to the enhancement of business processes and risk management strategies. Join a dedicated team committed to maintaining high standards of compliance in a dynamic financial environment.

Benefits

Comprehensive Total Rewards package

Health and wellness programs

Generous paid time off

Qualifications

• Bachelor's Degree from an accredited university.
• 6 years of Risk Management experience in Financial Services.
• 4 years in compliance and risk management.

Responsibilities

• Conduct day-to-day workflow of the RCM process.
• Support development and testing of business requirements.
• Monitor changes in regulations and ensure compliance.

Skills

Risk Management

Regulatory Compliance

Communication

Data Analysis

Education

Bachelor's Degree

High School Diploma or GED with 6 years of experience in Risk Management

Job description

Join to apply for the Regulatory Change Management Specialist role at Comerica Bank

3 days ago Be among the first 25 applicants

Join to apply for the Regulatory Change Management Specialist role at Comerica Bank

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. Your fingerprints will be used to check the criminal history records of the FBI and may be subscribed in the FBI’s Record of Arrest and Prosecution Background (“RAP Back”) service, which provides ongoing notification to the Company of any updates to your criminal history.

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 – disability/veteran.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Consulting, Information Technology, and Sales

• Industries

  Banking

Referrals increase your chances of interviewing at Comerica Bank by 2x

Get notified about new Change Management Specialist jobs in Farmington, MI.

Organizational Change Management Consultant - Virtual, United States

Change Management Communications Specialist (contract)

Senior Program Manager, Change Management

Systems & Process Change Management Consultant

Rochester Hills, MI $120,000.00-$145,000.00 2 weeks ago

Communications Specialist (Change Management)

Manufacturing Mechanical Engineer – General Assembly Feasibility Specialist

National Hardware Specialist, Automation – Remote – 80% Travel

Senior Manager Enterprise Change and Program Management Office Services & Support

Senior Manager Enterprise Change & Project Management Office Program Management

Enterprise Change and Project Management Office Services and Support Lead

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.