Director Fair Lending and Responsible Banking Senior Vice President

Job Description

About the Role

Director Fair Lending & Responsible Banking SVP #246028

Dallas, TX

Functional Group

Compliance / Security / Fraud / Risk

Full-time

Welcome!

We invite you to explore the award-winning culture, people, rewards and opportunities that make Comerica Bank so special. Make your next career choice a confident one.

Director of Fair Lending & Responsible Banking

The Director of Fair Lending & Responsible Banking is responsible for overseeing Comerica’s Fair Lending and Responsible Banking Program (the “Program”) to ensure compliance with Fair Lending and responsible banking laws and regulations. This role involves developing/enhancing program policies and procedures, planning/executing fair lending testing and monitoring and executing risk assessments. The Director collaborates with various departments and provides guidance and standards for business lines to carry out fair lending and banking compliance responsibilities.

Responsibilities

Participates in industry forums to stay abreast of all fair lending laws and regulations.

Maintains the Bank’s fair lending and responsible banking policies, procedures, standards, and Program documents.

Continuously assesses and enhance the Program, incorporating industry best practices

Advises senior leadership on fair lending implications of new products, services, or business strategies.

Collaborates with the lines of business to ensure a unified approach to fair lending and responsible banking compliance.

Identifies and escalates fair lending and responsible banking concerns and ensures appropriate remediation as needed.

Maintains accurate and comprehensive documentation of Program initiatives, assessments, and remediation.

Develops and implements appropriate fair lending and responsible banking testing and monitoring programs including regression analysis, redlining analysis and fair servicing testing.

Conduct regular risk assessments to identify potential fair lending risks and develop strategies to mitigate them.

Analyze lending data to identify patterns, disparities, and potential discriminatory practices and taking action, as necessary.

Prepare and submit reports to senior leadership, regulatory bodies, and stakeholders detailing Program effectiveness.

Build strong partnerships across the organization and provide advice to ensure a unified approach to fair lending and responsible banking compliance.

Periodically review business unit policies, procedures and controls to ensure they promoted fair lending and responsible banking and meet regulatory requirements.

Identifies appropriate training for the organization to enhance awareness of fair lending principles and foster a culture of compliance.

Review new products and services, third party vendors and organizational changes to identify fair lending issues and identify remediating action.

Qualifications

4 Yr/Bachelor Degree or 4 years of relevant experience

10 or more years experience in a banking institution working within Compliance, Risk, Legal or another relevant department

10 or more years experience in fair lending and responsible banking at a financial institution with at least 5 years in a leadership capacity

5 years experience in applying rules and regulations across multiple lending and depository products

5 years experience in fair lending analytics, including regression analysis and redlining

5 years experience in fair lending testing and monitoring methodologies

Work Hours

8:00am – 5:00pm Monday – Friday

WorkBest Job Category

Category C – Days in the office will either be designated days or will vary week to week from 2-5 days

Salary Range

Work Location(s)

Comerica Bank Center (CBC), Work From Home NC

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.