Manager, Regulatory Change Management - Hybrid / Remote

Mgr Reg Change ManagementThe Manager of Regulatory Change Management reports to the Director of Enterprise Compliance Risk Assessment and is responsible for the management of regulatory change within the Bank. This includes building and maintianing the library of applicable laws, rules, and regulations (LRRs). This position is also responsible for ensuring new and amended LRRs that impact Comerica are identified, socialized and the necessary changes are implemented in a timely manner. The Manager will contribute to the evolving regulatory change management methodology and will oversee a team. This role requires functional knowledge of key federal regulations issued by the Federal Reserve, the OCC, and the FDIC. This role also requires an individual who will maintain strong relationships with the lines of business, compliance advisory and risk partners.Job Responsibilities:Change Management• Lead the development and implementation of a comprehensive LRR Library.• Develop, implement and oversee the day-to-day RCM processes, controls and procedures to ensure compliance with regulatory requirements.• Develop and maintain key risk indicators (KRIs) relating to the Regulatory Change Mangement Process (RCM).• Communicate regulatory changes across the bank and partner with Lines of Business to ensure implementation of regulatory changes.• Provide oversight to ensure that regulatory changes are incorporated into Comerica's policies, procedures, and processes in a timely and appropriate manner.• Responsible for the oversight for the RCM governance process including reporting to management.• Lead cross-functional teams to manage regulatory change projects, including planning, execution and monitoring of milestones and deadlines.• Participate as a regulatory change mangement expert on project teams where significant change is taking place to ensure that all requirements are being met, e.g. controls, procedures etc.Operational Execution• Monitor regulatory developments and escalate key potential regulatory changes to management.• Ensure the quality, accuracy and timliness of regulatory compliance activities and documentation and implement improvements as needed.• Report on the RCM program to management, including KRIs, program status, key regulatory changes and actions being taken to comply with regulatory changes.• Manage the automation of the RCM process in the GRC Tool.Communication, Training and Leadership• Communicate regulatory requirements and changes to internal stakeholders, including senior management, legal teams and Line of Business partners.• Provide training and education to employees on regulatory requirements and changes relevant to their roles.• Develop team through on-going performance coaching, counseling and training programs.• Hire, train and retain a high-performing team.Strategy• Develop and manage the strategy for integration of the LRR Library and RCM process with other components of the Compliance Risk Management Framework.• Stay updated on relevant laws, regulations and industry standards and assist with interpreting their implications for the Bank.• Participate in industry forums.Job Qualifications:• Bachelor's Degree from an accredited university 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• 8 years of experience in Financial Services or related industry• 4 years of experience in Compliance, Risk Management in financial services or related industry• 4 years of experience in Regulatory change management processes covering Federal Reserve regulations at a minimum• 2 years of Managerial experienceWork Best Category:Category C - Days in the office will either be designated days or will vary week to week from 2-5 daysHours:8:00am - 5:00pm Monday - FridaySalary:For candidates hired in the state of California, Colorado, Washington, New York the expected salary/On-Target Earnings (OTE) range for the role is currently:• New York - $123,750 - $231,250 AnnuallySalary 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.