Job Information
Comerica Manager, Compliance Advisory Fair and Responsible Banking - Remote/Hybrid in Farmington Hills, Michigan
Manager Compliance Advisory Fair Lending and Responsible Banking The Fair Lending and Responsible Banking Advisory Manager will provide guidance and direction to business lines on the organization's Fair Lending and Responsible Banking program including UDAAP and serve as a trusted advisor to lines of business leadership. This individual will report directly to the Director of Fair Lending and Responsible Banking and act as a key contact for Fair Lending and Responsible Banking advisory requests (covering Fair Lending and UDAAP), and help guide the implementation of organization-wide Fair Lending and Responsible Banking policies and procedures across the bank. The Fair Lending and Responsible Banking Advisory Lead will offer strategic guidance on interpreting laws, rules, and regulations; developing new policies and procedures; and remediating existing issues related to Fair Lending and UDAAP. Additionally, the Fair Lending and Responsible Banking Advisory Lead will help create a strong compliance culture across the organziation by assisting in the development of Fair Lending and UDAAP compliance-related trainings. Position Responsibilities Trusted Business Advisor * Serve as a key compliance contact and trusted advisor to business leadership on Fair Lending and Responsible Banking related matters and evaluate required escalation of those matters to the Director of Fair Lending and Responsible Banking. * Provide guidance and ongoing support on managing Fair Lending and Responsible Banking risks and applying compliance requirements to new products and processes. * Provide guidance and ongoing support on managing Fair Lending and UDAAP risk in marketing and specifically, reviews advertisements and other promotional material for Fair Lending and UDAAP concerns and conducts an annual Fair Lending and Responsible Banking review. * Assist in interpreting existing organization-wide compliance risk policies and procedures and provide support in the development of compliance procedures specific to Fair Lending and Responsible Banking. * Lead Fair Lending and Responsible Banking and UDAAP risk assessments across all of the business lines within the bank. Regulatory Engagement and Remediation * Support the business leadership in understanding Fair Lending and Responsible Banking (including UDAAP) laws, rules, and regulations to determine requirements for various areas and changes that need to be implemented. * Ensure that the bank has adequate policies, procedures, and processes in place to comply with relevant Fair Lending and Responsible Banking (including UDAAP) laws, rules, and regulations. * Track industry trends and best practices to anticipate future areas of focus for regulators and proactively communicate them to Fair and Responsible Banking and business leadership. * Provide Fair Lending and Responsible Banking (including UDAAP) expertise to support timely remediation of various issues within business lines, including regulatory and internal audit issues. * Provides credible challenge to business line colleagues on components of the compliance risk and control environment related to Fair Lending and Responsible Banking, including HMDA and CRA. Reporting and Monitoring * Develop presentations for senior management on the effectiveness of the Fair Lending and Responsible Banking (including UDAAP) program across the organization. * Provide updates to the Fair and Responsible Banking Committee. Training and Leadership * Partner with Director of Fair Lending and Responsible Banking to identify specific compliance-related training needs and support the creation, revision, and review of training materials and tools. * Manage and develop compliance specialists supporting the overall Fair Lending and Responsible Banking program. Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled