Resolution Planning Office (RPO) Strategy Lead
The Resolution Planning Office Strategy Lead will be part of the bank's Resolution Planning Office ("RPO") and report to the Director of Resolution Planning Office. The bank's RPOis responsible for the development and production of the resolution plan for Comerica Bank as required under the Federal Deposit Insurance Corporation's (FDIC) Insured Depository Institution (IDI) rule and pursuant to section 165 (d) of the Dodd-Frank Act. The RPO will be responsible for organizing and managing all documentation and workflow tools related to this work; coordinating review and approvals of the resolution plan by executive leadership. A successful candidate will demonstrate excellent time management and executive communication skills, attention to detail, general understanding of the regulatory requirements governing the resolution plan, proficiency in writing reports and accurately summarizing large volumes of information into coherent narratives and the ability to work collaboratively with stakeholders from across the bank to meet deadlines.
Position Responsibilities:
Execution of the Resolution Plan
- Develop expertise in US resolution planning and FDIC IDI Plan frameworks (e.g., separability assessments, playbook development, financial preparedness, and reporting) and provide thought leadership on regulatory requirements.
- Develop RPO playbook, including long term management strategy.
- Work closely with the most critical or high priority workstreams to identify and escalate issues, and identify key decisions related to remediation design, resourcing, etc.
- Ensure the accuracy and completeness of the plan, including the drafting and review of written sections to ensure consistency across the plan.
- Assist in creating senior management presentations and other stakeholder communications.
- Provide analysis and facilitate responses to regulatory requests.
Business Consulting and Project Management
- Collaborate with workstream leads on resolution plan development and execution.
- Facilitate communication and coordination with business subject matter experts and management to ensure timely completeness of deliverables.
- Ensure timely delivery across multiple areas of the bank involved in the resolution planning work.
Effective Review and Challenge
- Document key assumptions and sources of data.
- Ensure record keeping and organization of supporting materials and accurate completion of submissions of the resolution plan.
- Assist in identifying and managing dependencies.
- Identify improvements to existing write-ups and new regulatory requirements.
- Assist in creating senior management presentations and other stakeholder communications.
- Assess potential impacts of new business initiatives and developments on recovery and resolution plan and recommend mitigating actions.
Position Qualifications:
- Bachelor's Degree from an accredited university in Business or related fields or 10 years of progressive relevant experience
- 8 years of experience in regulatory expectations, regulatory supervision, or regulatory relations, or in a role requiring risk management expertise or consulting
- 4 years of experience in managing complex cross-company efforts (specific experience managing major regulatory or legal submissions preferred but not required
About Comerica
We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.
Upon offer, Comerica conducts a comprehensive background and fingerprint check.
NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. 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.
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.
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Comerica Bank
life insurance, parental leave, paid time off, sick time, 401(k)
Jan 08, 2025