The Business Unit Risk Analyst II is responsible for effectively providing regulatory expertise to team members and providing oversight of self-assessments and regulatory reviews and acting as the primary contact for management. This role is a risk management position and will support the operations in the bank's Commercial Underwriting and Support Services Organization and Credit Underwriting Center and Business Loan Center. Examples of this support include Third Party Risk, RCSA's (Risk and Control Self Assessments), Independent Validation, Business Continuity, KRI Reporting, Oversight of Self-Testing, Data Integrity, Audit Management, Product Risk, Process Mapping and Project Risk Management. This role will collaborate with the Second Line of Defense (SLOD) as well as Line of Business (LOB) managers on risk management techniques and approach and execute on their assigned functions in order to assess and mitigate risk and ensure controls are established. The risk manager role will also work on risk related projects in order to assess and mitigate risk and ensure controls are established.
Position Competencies
Successful incumbents possess: customer focus, perseverance, problem solving abilities, time management skills, integrity, presentation skills, written communication skills and a willingness to stand alone.
Position Responsibilities:
* Lead management and oversight of all regulatory and audit inquiries.
* Responsible for the coordination and preparation of audit and exam responses.
* Ensures key regulatory timelines and required documents are tested.
* Ensures audit and self-testing findings are reported to management of impacted areas and process improvements are identified to avoid future issues.
* Perform risk analysis to determine level of risk to the bank and recommend action(s) to mitigate risk.
* Develop and implement new compliance programs to address regulatory changes .
* Monitor and interpret policies, processes and procedures for assigned line of business and support business line with updates/changes as required.
* Recommend ways to reduce turn times while balancing operational risk.
* Analyze and make recommendations on department policies, processes and procedures. Find and implement opportunities to improve data integrity.
* Partners with the business unit(s) to ensure all, processes and procedures are in compliance with policies and federal regulations.
* Management of and/or participation in medium to large sized projects related to risk and compliance.
* Work collaboratively with business units and others on the implementation of new regulations.
* Represent the business on risk and compliance committees as assigned.
* Educate and train business unit on risks that affect them.
* Ensure compliance training requirements are properly communicated and completed.
* Work on strategic initiatives and risk related projects in order to assess and mitigate risk and ensure controls are established.
Relocation
Relocation assistance is not provided for this position.
Travel
Occasional travel is required of this position.
About Comerica
We know that our employees are critical to our overall success. We are dedicated to investing in their future to maintain long-term relationships for lasting commitments. One of the ways we do this is to offer a comprehensive package of compensation and benefits programs which are regularly reviewed to maintain them at competitive levels. Your salary will be commensurate with your work experience.
Upon offer, Comerica conducts a comprehensive background check, fingerprint check and a drug test.
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 by the Business Bank, the Retail Bank, and Wealth Management. Comerica's more than 9,000 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.
