Chief Investment Officer

• Broad understanding and appreciation of Comerica, including the markets and businesses in which it competes, its core beliefs and traditions and its deeply embedded culture.
• Chair the Investment Policy Committee to set the firm's asset allocation as it relates to investment goals and strategy.
• This role will be responsible for planning and executing the agenda for the Wealth Mgt IPC, which is made up of 8 senior leaders who set the asset allocation polices for the Wealth division.
• Duties include --
  
  
  
  • Monitoring and overseeing the optimal long-term asset allocation targets for Comerica's clients' investment portfolios.
  • Provide a public communication of the asset allocation decisions made by the committee, ensure the risks accepted align with the corporate risk appetite statement, etc.
  • Identify, evaluate, and advocate for overall investment strategies and specific opportunities.
  • Monitor markets and trends and anticipate risks and opportunities.
  
  
  
  
• The role determines the investment offerings and asset allocations for approximately Assets Under Management and Non-Interest Income.
• Provide weekly, monthly, and quarterly updates to advisors and broader management as well as updates required by significant events in the market and broader economy.
• Guide the organization through shifts in investment priorities. This role will serve as the subject matter expert and provide advice and strategic direction to the frontline Investment Strategist within the Personal Wealth region teams.
• Be a partner to the other Comerica business leaders. Collaborate with them and their business groups to capitalize on business opportunities that are good for the organization. Leverage these internal relationships to help grow the investment business and, in turn, help them grow theirs.
• Work closely with internal and external partners throughout the bank to provide a seamless and consistent message across Wealth Management.
• The role will be expected to be an active and visible partner with our Business Bank partners to instill confidence in Wealth Mgts Investment platform and services.
• Work closely with the Chief Economist to define roles and ensure alignment of messages. Capitalize off each other's messages.
• Conduct joint presentations.
• Create the clear messaging and branding of the investment strategy and disseminate it to the internal organization by which the organization will base its communications with clients and external parties.
• Create traditional and digital collateral and thought leadership which clearly explain Comerica's investment philosophy and increases the marketability of its approach.

• Master's degree from an accredited university required
• 10 or more years of financial services experience as a senior level executive in an investment organization with client facing responsibilities
• 10 or more years of experience directing and growing the money management business while adhering to regulatory and compliance guidelines
• 10 or more years both personal and institutional investment management
• 10 or more years leading a team of professionals
• Experience in Investment brand building through national media outlets

• Preferred: CFA

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.