Advisor Solutions Due Diligence Manager
The Advisor Solutions Due Diligence Manager ("Manager") is responsible for managing a team of associates who as part of their day-to-day job functions conduct investment management oversight of third-party investment managers. This includes managing the assessment and approval of investment programs, maintaining records of any exceptions to programs, completing initial and annual due diligence questionnaires/packets across 140+ Partner firms and Registered Investment Advisers ("RIAs), maintaining current policies, procedures, providing management reporting and attending partner meetings as needed. The Manager is accountable for strengthening the third-party due diligence process and control environment, minimize exceptions, streamline third-party due diligence, monitoring, and reporting.
The Manager collaborates with business partners to enhance the third-party investment management due diligence process, maintain accurate coding across systems, and enhance compensating control capabilities. They maintain current and updated policies and procedures and provide Management and Committee reporting as needed. They must exhibit strong analytical, communications and organizational skills which are essential for fulfilling the investment due diligence manager duties.
Position Responsibilities:
- Managing the onboarding and assessment of new Partners and Investment Programs.
- Implementing monitoring, meetings, exception tracking, collecting data points and due diligence questionnaires across Partners and RIAs.
- Escalation point for all third-party Investment Manager related issues.
- Accurate coding on impacted systems, platforms, and feeds.
- Strengthening due diligence process, policies, and procedures.
- Coordinating Audit, Regulatory and other testing.
- Other duties as assigned.
Position Qualifications:
- Bachelor's degree from an accredited university or 4 years of relevant experience
- 5 years Investment related experience
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