Operational Risk/Compliance Testing Manager

Welcome to Comerica Bank, a leading financial institution committed to providing exceptional service and value to our customers. We are currently seeking a highly skilled and motivated Operational Risk/Compliance Testing Manager to join our team. In this role, you will play a critical part in ensuring the bank's compliance with regulatory requirements and internal policies through comprehensive risk assessments and testing. We are looking for an individual with a strong background in risk management, compliance, and testing, who is driven to uphold the highest standards of integrity and accuracy. If you have a passion for mitigating risk and ensuring compliance in a dynamic and fast-paced environment, we invite you to apply for this exciting opportunity.

1. Conduct comprehensive risk assessments to identify potential areas of non-compliance and develop appropriate testing strategies.
2. Implement and maintain an effective operational risk and compliance testing program that aligns with regulatory requirements and internal policies.
3. Develop and execute testing plans and procedures, including the identification of key control points, test objectives, and testing methodologies.
4. Conduct regular reviews of policies, procedures, and systems to ensure they are in compliance with relevant laws and regulations.
5. Analyze and evaluate testing results, identify areas of non-compliance, and make recommendations for corrective actions.
6. Collaborate with various departments to ensure consistent understanding and application of regulatory requirements and internal policies.
7. Serve as a subject matter expert on risk management and compliance testing, providing guidance and support to colleagues and stakeholders.
8. Monitor and report on the progress and effectiveness of risk and compliance testing initiatives, including providing regular updates to senior management.
9. Stay up-to-date on industry trends, regulations, and best practices related to risk management and compliance testing.
10. Foster a culture of risk awareness and compliance throughout the organization through training and education initiatives.

According to JobzMall, the average salary range for a Operational Risk/Compliance Testing Manager in Farmington Hills, MI, USA is $90,000 - $120,000 per year. However, this can vary depending on factors such as experience, education, and specific job responsibilities.

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.