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Manager of CRA Governance & Strategy
Farmington Hills, MI
Job Description
MGR CRA Governance and Strategy
This position is responsible for CRA strategic planning and performance assessment across the bank's footprint and the mitigation of compliance risks by performing an ongoing CRA self-assessment through collaboration with the data team and testing team. Additionally, this position is responsible for managing the governance and strategy team in the First Line of Defense (FLOD). This position will also lead the bank in implementing new regulatory requirements through participation in working groups and on project teams, and maintain critical documentation related to the CRA program, such as the CRA Policy and the performance context used in the CRA examination.
Job Responsibilities:
- Manage the development of CRA and other related regulatory strategic planning across all markets and ensure mitigation of compliance risk related to changes to the bank's business strategies, CRA assessment areas, or as a result of regulatory examinations. This includes directing and owning initiatives for regulatory changes to ensure implementation and compliance with new requirements, and providing guidance to senior management on how to interpret business results, census changes, geographic and topographical information for better LMI pentetration and loan performance.
- Manage team including training, development and tracking of key deliverables. This includes CMS/risk deliverables, geocoding and mapping initiatives, interpretation of regulatory requirements, and analysis of CRA performance and emerging risks.
- Participate in various trade groups and industry associations for regulations pertaining to the department and provide guidance and feedback to CRA and External Affairs teams. Additionally represent CRA in working groups and related projects.
- Monitor and report on overall CRA performance by performing an ongoing self-assessment using resources such as the bank's CRA performance evaluation, peer small business and mortgage data, and analytical custom reporting created for such review.
- Manage the development, maintenance, and updating of key CRA documents, including the CRA Policy and CRA examination performance context.
Job Qualifications:
- Bachelor's Degree from an accredited university in Business, Data Management or similar. Master's Degree in Business, Data Management or similar preferred.
- 10 years of experience in Compliance or Risk Management
- 7 years of experience in Community Reinvestment Act (CRA)
- 5 years of experience in Community Reinvestment Act (CRA) Examinations
- 3 years of experience in team management
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.
Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
10+ years
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