Responsible for the development and production of the annual resolution plans for Comerica Bank as required under and the Federal Deposit Insurance Corporation’s (FDIC) Insured Depository Institution (IDI) rule and pursuant to section 165 (d) of the Dodd-Frank Act.

Strategic Planning

• Understanding of resolution and recovery planning processes including industry practices to meet evolving regulatory expectations.
• Design and stand-up Resolution Planning Program Office including central team, workstreams, key SMEs, and governance (steering group and committees).
• Build the strategy of the Resolution Plan to demonstrate a deep understanding of CMA’s balance sheet and operations at various stages of resolution.
• Design annual resolution project calendar to ensure alignment with key stakeholders and ensure adherence to required reviews and submissions.
• Interact with regulators to understand expectations and answer questions related to the submission, proactively address plan deficiencies.
• Act as the point of contact for any consulting firms helping Comerica with the submission.

Workstream Management

• Identify key workstreams and accelerate enhancement and updating of prioritized workstreams.
• Coordinate a high number of stakeholders across the bank and identify and solve interdependencies.
• Map critical operations and core business lines to material entities.
• Conduct separability analysis with focus on critical services.
• Detail plans to ensure continued shared services and financial market utilities (FMU access). Detail legal entity structures to facilitate resolution of separate entities.
• Detail governance mechanisms, including cadences, decision rights and reporting.
• Detail MIS capabilities in place and continued improvements to ensure ongoing transparency during a resolution.
• Ensure accountability and timely delivery across multiple areas of the bank involved in the resolution planning work.

Resolution Plan

• Review most recent Resolution plan submitted by Comerica (in 2018) and conduct a gap assessment identifying enhancements and additional requirements.
• Identify key design choice and develop Table of Contents for Resolution planning to structure overall effort.
• Define key messages and draft Executive Summary and additional chapters of Plan.
• Coordinate and orchestrate with others who own chapters of the Plan.
• Work with senior management and core members of Steering Committee to review and provide feedback on chapters of plan for tone, clarity, level of detail and consistency.
• Prepare overview materials for ERRC and Board to facilitate review and approval.
• Interacts regularly with senior regulatory officials in multiple agencies (FDIC and FRB) to review and respond to questions regarding the Resolution Plan.

Managing Program Office, Governance, and Sustainability

• Build the capabilities for the new Resolution Planning Office including set up of key routines, creating templates.
• Create key governance protocols along with key metrics to support ongoing monitoring and triggers leading to management actions.
• Ensure resolution planning is embedded and integrated into business-as-usual processes and structures.
• Lead reviews; validate and challenge information inputs to ensure appropriate data accuracy and context.Lead the critical processes, people and technologies associated with the Resolution Program Office.

Position Qualifications

• Bachelor’s degree from an accredited university or in lieu of a bachelor’s degree a High School Diploma or GED and 6 years of business strategy, resolution management experience
• 10 or more years Financial Services experience in bank Treasury or bank risk management.
• Demonstrated knowledge of financial principles and banking industry regulatory environment
• 10 or more years of demonstrated ability to think independently and analytically and make sound recommendations
• 10 or more years demonstrated ability to prioritize multiple requests and obligations to facilitate a smooth, organized workflow, while achieving committed results on time including managing complex deliverables
• 10 or more years excellent written and verbal communication skills. Ability to engage with C-suite and senior stakeholders internal and external and to communicate complex topics into easy-to-understand messages
• 6 years proven ability to create and communicate strategies at all levels of the organization. Highly effective at building, nurturing, and leveraging relationships
• 6 years fundamental understanding of resolution planning requirements
• 6 years experience leading cross-functional workstreams
• 6 years experience building and managing teams

Licenses/Certifications

• Preferred: Relevant professional designation (e.g. CPA, CFA, FRM)