Director Compliance Test & Monitor
The Director, Compliance Testing and Monitoring within the second line of defense is responsible for establishing standards for monitoring and reporting of compliance risks; developing standards for tests and testing plans of compliance risk management activities across the enterprise; executing and reporting second line monitoring, testing, and issue validation activities; establishing compliance issue management and validation processes. This position will manage the testing, monitoring and issues management team.
Position Responsibilities:
- Partner with Line of Business, Compliance, Risk and third parties to ensure all processes and procedures are in compliance with applicable policies and regulations.
- Interface with first line including business unit risk liaisons, including actively participating in business unit meetings, committees, and providing support and guidance on compliance testing and monitoring.
- Manage and maintain enterprise-wide policies, standards, and procedures designed to achieve compliance with applicable laws, rules, and regulations.
- Participate in industry forums to know best practices and implement best practices as appropriate.
- Establish standards for monitoring and reporting of compliance risks in the FLOD.
- Provide advice and guidance to FLOD (e.g., selecting monitoring activities, generating reports).
- Develop SLOD monitoring protocols to measure FLOD adherence to regulations, policies, control framework, etc.
- Define escalation procedures for compliance issues and exceptions.
- Aggregate and reports on compliance risks across the enterprise.
- Review and challenges FLOD results and escalate as needed.
- Establish standards for compliance testing in the FLOD.
- Provides advice and guidance to FLOD (e.g., deciding testing plans, testing design).
- Perform independent review of overall FLOD adherence to policies and standards.
- Develops tests and testing plans to review FLOD execution of compliance risk management activities (e.g., FLOD testing, FLOD monitoring, issue resolution).
- Tests FLOD controls for effectiveness of execution and adherence to policies/standards.
- Develop and execute validation process for issue closure.
- Develop and execute compliance issue management processes.
- Manage testing and monitoring team.
- Manage special projects and team initiatives.
- Independently identify projects and tasks to be completed and lead teams and solo efforts to complete and act as a primary contact to the business on associated compliance matters.
Position Qualifications:
- Bachelor's degree from an accredited university
- 10 years of experience in financial services or related industry
- 10 years of experience in compliance, risk management in financial services or related industry
- 5 years of experience in managing compliance testing and monitoring processes
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. Your fingerprints will be used to check the criminal history records of the FBI and may be subscribed in the FBI's Record of Arrest and Prosecution Background ("RAP Back") service, which provides ongoing notification to the Company of any updates to your criminal history.
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 - disability/veteran.
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Comerica Bank
life insurance, parental leave, paid time off, sick time, 401(k)
Jul 10, 2025