Job Information
Comerica Payments Compliance Manager in Farmington, Michigan
Manager Compliance Advisory Payments The Payments Compliance Advisory Lead will provide guidance and direction to Payments lines of business on the organization's Compliance program and serve as a trusted advisor to Payments leadership. This individual will report directly to the Deputy Chief Compliance Officer and act as the primary compliance contact for Payments and help guide the implementation of organization-wide compliance policies and procedures within Payments. Job Responsibilities: Trusted Business Advisor * Serve as the primary compliance contact and trusted advisor to Payments leadership on compliance-related matters and evaluate required escalation of those matters to Compliance leadership. * Provide guidance and ongoing support to Payments on managing compliance risks and applying compliance requirements to new products and processes. * Assist Payments in interpreting existing organization-wide compliance risk policies and procedures and provide support in the development of compliance procedures specific to Payments. * Collaborate with other compliance advisory team members for different lines of business to drive consistency in compliance programs across the enterprise and ensure sharing of best practices. * Key participant and advisory support in risk assessment processes, including RCSA and Compliance Risk Assessment. Regulatory Engagement and Issue Management * Support the Payments leadership in understanding new and existing laws, rules, and regulations to determine requirements for various areas and changes that need to be implemented. * Ensure that Payments has adequate policies, procedures, and processes in place to comply with relevant laws, rules, and regulations. * Track industry trends and best practices to anticipate future areas of focus for regulators and proactively communicate them to Payments leadership. * Provide compliance expertise to support timely remediation of issues when identified, including internal audit issues. * Participate in regulatory exams, internal audit reviews, and other forums as the compliance subject matter expert, assisting in addressing compliance-related questions and ensuring responses submitted are appropriate, accurate, and adequately address the request. Reporting and Monitoring * Monitor Compliance key risk indicators (KRIs) for Payments to identify emerging risks and areas that require escalation and remediation. * Develop presentations for senior management on the effectiveness of the compliance program in Payments. Training * Partner with Payments to identify specific compliance-related training needs and support the creation, revision, and review of training materials and tools. Leadership * Manage and develop compliance specialists supporting the Payments business lines. Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled