Director Resolution Planning Office

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Qualifications

Position Qualifications

• 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)

Job Description

Director, Resolution Planning Office

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.

The initial submission with the revised guidance for $50-$100B banks is due in October 2025 and will be a significant undertaking to set up the program office and build the Resolution Plan. This role will be responsible for ensuring that a Resolution Plan is appropriately tailored to the size and risk profile of the institution. The Resolution Planning Office will partner with multiple key SMEs across the bank (Finance, Legal, Data, Procurement, LOB operational leaders, etc.) to accelerate enhancement of prioritized workstreams that are in focus for regulators in the current environment, including assessing capital and liquidity resources required for resolution, outlining plans for operational continuity of critical operations and defining governance mechanisms and triggers to minimize impact of stress during both recovery and resolution phases.

The Resolution Program Office will also be responsible for documentation and playbooks, regulatory exams and interactions, and business and SME review and challenge. They will help to ensure resolution planning is embedded and integrated into business-as-usual processes and structures, ensures alignment with key resolution regulatory requirements and concepts, supports the internal sustainability and repeatability of resolution processes and results, and communicates in clear and concise manner with appropriate acknowledgement of audience.

Position Responsibilities

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.

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.