Operational Risk/Compliance Testing Manager

Are you a highly skilled and motivated individual with a passion for risk management and compliance? Do you thrive in a fast-paced and dynamic environment? If so, Comerica Bank is seeking an experienced Operational Risk/Compliance Testing Manager to join our team. As a member of our Risk and Compliance department, you will play a crucial role in ensuring the bank's operations are in compliance with regulatory requirements and internal policies. We are looking for a detail-oriented leader with a strong understanding of risk assessment methodologies and a proven track record of implementing effective compliance testing programs. If you are ready to take on new challenges and make a significant impact, we encourage you to apply for this exciting opportunity.

1. Develop and implement risk assessment methodologies to identify potential compliance risks within the bank's operations.
2. Conduct regular compliance testing to evaluate the effectiveness of controls and identify any areas of non-compliance.
3. Collaborate with other departments to ensure that all policies and procedures are up to date and align with regulatory requirements.
4. Prepare and present reports on compliance testing results to senior management and provide recommendations for improvement.
5. Stay up to date on regulatory changes and ensure that the bank is compliant with all applicable laws and regulations.
6. Develop and maintain relationships with regulatory agencies to stay informed on changes and updates in compliance requirements.
7. Train and educate employees on compliance policies and procedures to promote a culture of compliance within the organization.
8. Develop and maintain internal controls to mitigate potential risks and ensure compliance with policies and regulations.
9. Lead and mentor a team of compliance testers, providing guidance and support to ensure accurate and timely completion of testing activities.
10. Proactively identify potential compliance issues and work with relevant departments to address and resolve them.
11. Continuously assess and improve the effectiveness of the bank's compliance testing program.
12. Collaborate with external auditors and regulators during compliance audits and examinations.
13. Develop and maintain documentation of compliance testing processes and results for internal and external use.
14. Participate in risk and compliance committees and provide input on risk management strategies.
15. Communicate with senior management and stakeholders on the status of compliance testing activities and any identified issues or concerns.

According to JobzMall, the average salary range for a Operational Risk/Compliance Testing Manager in Frisco, TX, USA is $119,000-$155,000 per year. This can vary depending on the specific industry, company, and level of experience of the individual.

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.