Location: Raleigh,NC, USA
Compliance Testing Specialist II
The Compliance Testing Specialist II within the Second Line of Defense (2LOD) plays a pivotal role in providing oversight and guidance to the business on compliance testing strategies and methodologies. The Compliance Testing Specialist II is responsible for coordinating with the more junior team members of the Testing team and executing on the Compliance Testing program for Comerica, relying upon a strong and deep working knowledge of applicable banking laws and regulations. Assist and mentor junior Testing team members by working in collaboration to coordinate the lifecycle of compliance testing, from planning and fieldwork to final reporting and issue validation. This position will lead the development and preparation of moderate to highly complex test scripts, execute against associated test plans, prepare management reporting, and ensure adequate resolution of risks and/or identified issues.
Position Responsibilities:
Compliance Testing and Business Partnership
* Assist team in managing the end-to-end testing lifestyle including planning, fieldwork, final reporting, and resolution of testing plans for moderate to highly complex tests.
* Partner with Compliance Advisory Specialists to define scope, framework, objective, and depth of testing by reviewing the risks and controls identified in the Compliance Risk Assessment (CCRA), Risk Assessment (RCSA) or by other means.
* Participate in and, at times, lead the development and documentation of test scripts, including supporting documentation, to ensure testing is appropriate and covers the applicable regulatory scope for Comerica.
* Execute on moderate to highly complex testing plans to assess the control environment, including producing accurate and timely workpapers that adequately support testing results and conclusions.
* Document findings and remediation plans in accordance with Comerica's Issue Management process.
* Participate in and, at times, oversee, recommend, evaluate, and provide guidance on testing strategies and methodologies to demonstrate the effectiveness and adequacy of policies, procedures, and controls to the Compliance Specialist I colleagues.
Regulatory Compliance and Risk Awareness
* Provide advice, guidance, and oversight for assigned area of testing by possessing intermediate working knowledge of the applicable rules and regulations.
* Identify, measure, and escalate compliance risk issues to the Compliance Testing Lead and/or management as necessary.
* In partnership with Compliance Advisory Specialists and the Compliance Testing Lead and/or management, provide compliance risk expertise to the lines of business on developing issue remediation plans and effectively managing regulatory change and risk.
* Maintain up to date knowledge of changing regulatory requirements and Comerica's business model to identify changes that have potential to impact Comerica's compliance framework and the Compliance Testing plan.
Monitoring, Audits and Exams
* Prepare and coordinate deliverables accurately and timely (i.e., responses, artifacts).
* Assist the Compliance Testing Lead with preparation of responses to inquiries as needed.
* Other duties as asssigned.
Job Qualifications:
* Bachelor's Degree from an accredited university in Business, Finance, or related field 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 working with Compliance testing or a similar area (i.e., Risk Management, Audit or a related area)
* 3 years of experience in banking regulatory compliance, legal, or financial services consulting
* 3 years of experience working with lines of business in interpreting and applying relevant rules, laws, and regulations to the business
Licenses/Certifications:
* Certified Regulatory Compliance Manager (CRCM) certification or other applicable/relevant certification preferred
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.
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.