Business Unit Risk Analyst II
Business Unit Risk and Compliance Analyst II The Business Unit Risk Analyst II is responsible for effectively providing regulatory, risk and compliance expertise to assist management in developing key metrics and reporting to Senior Leadership. This position will be accountable for performing internal and external regulatory assessment reviews for Comerica's Third-Party Supplier relationships to ensure certification of Sarbanes Oxley (SOX), Payment Card Industry (PCI) and other key technology controls are adequately managed in accordance to Comerica's risk appetite. This role is a Risk Management position and is part of the first line of defense(FOD) and is part of the Cybersecurity Department and will work closely with the second line of defense (Enterprise Risk) and the third line of defense (internal and external Audit), to ensure all security and technology controls are managed in compliance with the Corporate Information Protection Policy and all applicable regulatory requirement. Position
Responsibilities:
Testing and Oversight Ensure key regulatory timelines and required documents are tested in line with documented test scripts. Review fraud files for Reg E Compliance; monitors customer service calls; tests for stop payment placement within regulatory guidelines; performs additional testing as required; reports findings to management. Perform Reg V testing and oversight to ensure compliance with Change of Address requirements and review of resulting dispute cases for proper adjudication. Engage with lines of business to promptly remediate control exam and audit findings) Perform risk analysis to determine level of risk to the bank and recommend action(s) to mitigate risk. Develop and implement new testing practices to address regulatory changes and post issue remediation efforts to ensure root cause remediated. Develop analyses and reporting of compliance statistics and trends to support third party processor discussions. Present results of compliance and control testing activities verbally and in writing to business unit(s) and third-party processors as required. Policies, Processes, and Procedures Monitor and interpret policies, processes and procedures for assigned business units and support with updates/changes as required pending change and issue remediation, new/enhanced regulations and controls. Recommend ways to enhance testing and reduce testing turnaround times while balancing operational risk. Analyze and make recommendations on department policies, processes and procedures. Partner with the business unit(s) to ensure all processes and procedures are in compliance with policies and federal regulations. Committees and Special Projects 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. Training and Reporting Develop subject matter expertise on Reg E and Reg V. Act as a resource for business units; educate and train business unit(s) on risks impacting them or their third-party processors. Ensure compliance training requirements are properly communicated and completed. Position
Qualifications:
Bachelor's Degree or High School Diploma or GED and 8 years of Technology or Risk experience 4 years of experience with financial, regulatory, and audit issues 4 years of experience developing and implementing internal controls, policies, and procedures 4 years of experience applying analytical skills to solve problems 3 years of experience working with MS Office Suite, including Word, PowerPoint and Excel This position is not eligible for sponsorship. Must have indefinite employment authorization. Auburn Hills Operations Center 8:
00am - 5:
00pm Monday - Friday.
Salary Range:
$80K -- $100K
Minimum Qualification
Corporate Finance, Risk & Quantitative Analysis, Business Intelligence & AnalyticsEstimated Salary: $20 to $28 per hour based on qualifications.
Responsibilities:
Testing and Oversight Ensure key regulatory timelines and required documents are tested in line with documented test scripts. Review fraud files for Reg E Compliance; monitors customer service calls; tests for stop payment placement within regulatory guidelines; performs additional testing as required; reports findings to management. Perform Reg V testing and oversight to ensure compliance with Change of Address requirements and review of resulting dispute cases for proper adjudication. Engage with lines of business to promptly remediate control exam and audit findings) Perform risk analysis to determine level of risk to the bank and recommend action(s) to mitigate risk. Develop and implement new testing practices to address regulatory changes and post issue remediation efforts to ensure root cause remediated. Develop analyses and reporting of compliance statistics and trends to support third party processor discussions. Present results of compliance and control testing activities verbally and in writing to business unit(s) and third-party processors as required. Policies, Processes, and Procedures Monitor and interpret policies, processes and procedures for assigned business units and support with updates/changes as required pending change and issue remediation, new/enhanced regulations and controls. Recommend ways to enhance testing and reduce testing turnaround times while balancing operational risk. Analyze and make recommendations on department policies, processes and procedures. Partner with the business unit(s) to ensure all processes and procedures are in compliance with policies and federal regulations. Committees and Special Projects 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. Training and Reporting Develop subject matter expertise on Reg E and Reg V. Act as a resource for business units; educate and train business unit(s) on risks impacting them or their third-party processors. Ensure compliance training requirements are properly communicated and completed. Position
Qualifications:
Bachelor's Degree or High School Diploma or GED and 8 years of Technology or Risk experience 4 years of experience with financial, regulatory, and audit issues 4 years of experience developing and implementing internal controls, policies, and procedures 4 years of experience applying analytical skills to solve problems 3 years of experience working with MS Office Suite, including Word, PowerPoint and Excel This position is not eligible for sponsorship. Must have indefinite employment authorization. Auburn Hills Operations Center 8:
00am - 5:
00pm Monday - Friday.
Salary Range:
$80K -- $100K
Minimum Qualification
Corporate Finance, Risk & Quantitative Analysis, Business Intelligence & AnalyticsEstimated Salary: $20 to $28 per hour based on qualifications.
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