Job details

Resolution Planning Office (RPO) Strategy Lead

Resolution Planning Office (RPO) Strategy LeadThe Resolution Planning Office Strategy Lead will be part of the bank's Resolution Planning Office ("RPO") and report to the Director of Resolution Planning Office. The bank's RPOis responsible for the development and production of the resolution plan for Comerica Bank as required under the Federal Deposit Insurance Corporation's (FDIC) Insured Depository Institution (IDI) rule and pursuant to section 165 (d) of the Dodd-Frank Act. The RPO will be responsible for organizing and managing all documentation and workflow tools related to this work; coordinating review and approvals of the resolution plan by executive leadership. A successful candidate will demonstrate excellent time management and executive communication skills, attention to detail, general understanding of the regulatory requirements governing the resolution plan, proficiency in writing reports and accurately summarizing large volumes of information into coherent narratives and the ability to work collaboratively with stakeholders from across the bank to meet deadlines.Position Responsibilities:Execution of the Resolution Plan• Develop expertise in US resolution planning and FDIC IDI Plan frameworks (e.g., separability assessments, playbook development, financial preparedness, and reporting) and provide thought leadership on regulatory requirements.• Develop RPO playbook, including long term management strategy.• Work closely with the most critical or high priority workstreams to identify and escalate issues, and identify key decisions related to remediation design, resourcing, etc.• Ensure the accuracy and completeness of the plan, including the drafting and review of written sections to ensure consistency across the plan.• Assist in creating senior management presentations and other stakeholder communications.• Provide analysis and facilitate responses to regulatory requests.Business Consulting and Project Management• Collaborate with workstream leads on resolution plan development and execution.• Facilitate communication and coordination with business subject matter experts and management to ensure timely completeness of deliverables.• Ensure timely delivery across multiple areas of the bank involved in the resolution planning work.Effective Review and Challenge• Document key assumptions and sources of data.• Ensure record keeping and organization of supporting materials and accurate completion of submissions of the resolution plan.• Assist in identifying and managing dependencies.• Identify improvements to existing write-ups and new regulatory requirements.• Assist in creating senior management presentations and other stakeholder communications.• Assess potential impacts of new business initiatives and developments on recovery and resolution plan and recommend mitigating actions.Position Qualifications:• Bachelor's Degree from an accredited university in Business or related fields or 10 years of progressive relevant experience• 8 years of experience in regulatory expectations, regulatory supervision, or regulatory relations, or in a role requiring risk management expertise or consulting• 4 years of experience in managing complex cross-company efforts (specific experience managing major regulatory or legal submissions preferred but not requiredWork 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:To Be Determined Based on Individual Experience

What You Should Know About Resolution Planning Office (RPO) Strategy Lead, Comerica

If you're looking for an exciting opportunity to make an impact in the banking industry, consider joining Comerica Bank as a Resolution Planning Office (RPO) Strategy Lead in Frisco, TX. In this pivotal role, you’ll get to work closely with the bank's Resolution Planning Office, helping ensure the development and execution of the resolution plan in compliance with regulatory requirements. You will have the chance to develop expertise in US resolution planning and provide vital leadership on necessary regulations. A successful candidate will be a collaborative team player, skilled in organizational and communication strategies, dedicated to managing documentation and workflows efficiently. Your daily tasks will vary from drafting clear, concise reports to creating presentations for senior management, engaging with various stakeholders across the bank to meet critical deadlines. Your analytical skills will shine as you assess the potential impacts of new business initiatives and contribute to coordinating reviews and approvals from executive leadership. Comerica Bank values detail-oriented individuals with a strong ability to summarize complex regulatory frameworks into understandable narratives. Plus, with competitive working days ranging from 2 to 5 days in the office, you'll find a flexible environment that can adapt to your needs!

Frequently Asked Questions (FAQs) for Resolution Planning Office (RPO) Strategy Lead Role at Comerica

What are the responsibilities of the Resolution Planning Office Strategy Lead at Comerica Bank?

The Resolution Planning Office Strategy Lead at Comerica Bank is responsible for executing the bank's resolution plan, developing US resolution planning expertise, managing documentation workflows, and collaborating with a variety of stakeholders to ensure accuracy and completeness. They will also assist in senior management presentations and engage in business consulting and project management to facilitate cross-company efforts.