Corporate Compliance Risk Assessment Specialist - Remote/Hybrid

Comerica Bank
$92,000 - $172,500 Annually
life insurance, parental leave, paid time off, sick time, 401(k)
United States, Michigan, Farmington Hills
Feb 20, 2025
Corporate Compliance Risk Assessment Specialist The Corporate Compliance Risk Assessment Specialist reports to the Senior Manager of Corporate Compliance Risk Assessment and is responsible for supporting the day-to-day execution of the Corporate Compliance Risk Assessment (CCRA) Program. This includes managing templates and data inputs, overseeing the execution of the CCRA for their assigned business coverage area, and assisting with drafting policies, procedures, results and management reporting. This role will also lead the management of the compliance controls inventory (CCI). Position Responsibilities: Controls Inventory Management Manage the overall CCI program; this includes developing and implementing procedures, processes, and trainings to maintain and regularly update the CCI. Develop and lead the execution of project plans to collect compliance controls across the firm on an ongoing basis. Perform quality assurance reviews on compliance controls to ensure each control meets the requirements of the minimum control standards. Manage the process to ensure connectivity of the CCI with risk assessment programs including the CCRA and RCSA. Lead training efforts for the first and second line of defense with respect to identifying and documenting controls that can be mapped to compliance risk. Corporate Compliance Risk Assessments Lead the execution of the CCRA for the assigned business coverage area and escalate any issues in a timely manner. Perform quality assurance reviews of the CCRA for the assigned business coverage area, including providing credible challenge to risk ratings and rationales for assessment units. Lead meetings with relevant stakeholders in the First and Second Lines of Defense to understand products, services, and clients and how it impacts related risks and controls. Ensure key risks and business lines are mapped to relevant rules and regulations. Work with various stakeholders across the First and Second Lines of Defense to create management action plans to address control gaps that were identified during the CCRA process. Position Qualifications: Bachelor's Degree from an accredited university or 4 years of relevant experience OR a High School Diploma or GED and 6 years of Risk Management or other related experience in the Financial Services Industry 5 years of experience in the financial services industry 4 years of experience in regulatory compliance or risk management in financial services or a related industry 2 years of experience working with Compliance Risk Assessments and Controls Inventory 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: For candidates hired in the state of California, Colorado, Washington, New York, Illinois, Maryland, New Jersey, or Massachusetts the expected salary/On-Target Earnings (OTE) range for the role is currently: New Jersey - $92,000 - $172,500 Annually Salary Range(s) is subject to change. Comerica Bank takes several factors into account when determining individual starting pay. These include but are not limited to position, grade level, location/metropolitan area, skillset, and peer compensation. Comerica Bank considers the employer's work location to determine the pay range. 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. 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 - veterans/individuals with disabilities, committed to workplace diversity.