Compliance Manager jobs in Detroit, MI

• Serve as the primary compliance contact and trusted advisor to Commercial leadership on compliance-related matters and evaluate required escalation of those matters to Compliance leadership.
• Provide guidance and ongoing support to Commercial on managing compliance risks and applying compliance requirements to new products and processes.
• Assist Commercial in interpreting existing organization-wide compliance risk policies and procedures and provide support in the development of compliance procedures specific to Commercial.
• Collaborate with other compliance advisory team members for different lines of business to drive consistency in compliance programs across the enterprise and ensure sharing of best practices.
• Key participant and advisory support in risk assessment processes, including RCSA and Compliance Risk Assessment.

• Support the Commercial leadership in understanding new and existing laws, rules, and regulations to determine requirements for various areas and changes that need to be implemented.
• Ensure that Commercial has adequate policies, procedures, and processes in place to comply with relevant laws, rules, and regulations.
• Track industry trends and best practices to anticipate future areas of focus for regulators and proactively communicate them to Commercial leadership.
• Provide compliance expertise to support timely remediation of issues when identified within Commercial, including internal audit issues.
• Participate in regulatory exams, internal audit reviews, and other forums as the compliance subject matter expert, assisting in addressing compliance-related questions and ensuring responses submitted are appropriate, accurate, and adequately address the request.

• Monitor Compliance key risk indicators (KRIs) for Commercial to identify emerging risks and areas that require escalation and remediation.
• Develop presentations for senior management on the effectiveness of the compliance program in Commercial.

• Partner with Commercial to identify specific compliance-related training needs and support the creation, revision, and review of training materials and tools.

• Manage and develop compliance specialists supporting the Commercial business lines.

Job Qualifications:

• Bachelor's Degree from an accredited university or 4 years of relevant experience
• 8 years of experience in banking regulatory compliance or related legal experience
• 5 years of experience in Commercial compliance or comparable work experience
• 5 years of experience in working with lines of business in interpreting and applying relevant laws and regulations to products and services

• Certified Regulatory Compliance Manager (CRCM) certification or other applicable/relevant certifications or licenses helpful but not required