Operational Risk/Compliance Testing Manager

At Comerica Bank, we are dedicated to providing our customers with exceptional service and maintaining a strong reputation in the financial industry. As an Operational Risk/Compliance Testing Manager, you will play a critical role in ensuring that our operations and processes are compliant with regulatory requirements and internal policies. We are seeking a highly organized and detail-oriented individual with a strong understanding of risk management and compliance testing methodologies. If you are passionate about maintaining a culture of compliance and driving continuous improvement, we encourage you to apply for this exciting opportunity.

1. Develop and implement operational risk and compliance testing strategies and methodologies in alignment with industry best practices and regulatory requirements.
2. Conduct regular and thorough testing of internal processes and controls to ensure compliance with applicable laws and regulations.
3. Identify and assess potential risks within the organization and make recommendations for mitigation and remediation.
4. Collaborate with cross-functional teams to ensure that all areas of the organization are aware of compliance requirements and actively work to maintain a culture of compliance.
5. Monitor and analyze regulatory developments to ensure that all testing and procedures are up-to-date and in compliance with current laws and regulations.
6. Prepare and present reports to senior management on the results of compliance testing and any identified areas of concern or improvement.
7. Develop and maintain relationships with external regulators and auditors to facilitate effective communication and understanding of compliance requirements.
8. Train and educate staff on compliance policies, procedures, and regulations to ensure a thorough understanding and adherence to all requirements.
9. Lead and manage a team of compliance testers, providing guidance, coaching, and performance management.
10. Continuously evaluate and improve the effectiveness of operational risk and compliance testing processes to ensure efficiency and accuracy.
11. Serve as a subject matter expert on all matters related to operational risk and compliance testing.
12. Collaborate with other risk management and compliance teams to identify and implement cross-functional initiatives for improving overall risk management within the organization.
13. Maintain accurate and thorough documentation of all compliance testing activities and results.
14. Foster a positive and ethical work environment that promotes a strong culture of compliance and risk management.
15. Represent the organization and its values in a professional and positive manner at all times.

According to JobzMall, the average salary range for a Operational Risk/Compliance Testing Manager in San Jose, CA, USA is $134,000-$147,000 per year. This may vary depending on the specific company, experience level, and other factors.

Comerica Incorporated is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth Management. 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.