Financial Reporting Manager

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Company: Comerica Incorporated

Location: Frisco, TX 75034

Description:

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.

Qualifications

Position Qualifications:

  • Bachelor's Degree from an accredited university in Accounting and Finance
  • 6 years of experience in Accounting and Reporting, financial services and regulatory reporting preferred


Licenses and Certifications:

  • CPA preferred


Job Description

FINANCIAL REPORTING MGR II

This position will lead and provide Regulatory Reporting oversight for Liquidity and/or CCAR related
regulatory reports. This position will also provide support for cross-report reconciliations and other
regulatory reports such as the Call Report and FR Y9C.

Liquidity:
This position manages the preparation of reports for bank regulatory agencies, focused on liquidity driven reporting including the FR 2052a among others. Provide support for cross-report reconciliations, where applicable, with the Call and FR-Y reports and other regulatory disclosures.

CCAR:
This position will lead and provide oversight, working closely with Technology and Finance
Transformation, to implement and standardize strategic Regulatory Reporting initiatives. This position will manage the preparation of reports for bank regulatory agencies, mainly focusing on establishing the Comprehensive Capital Analysis and Review (CCAR) reports, FR Y-14M and FR Y-14Q. This role will also provide oversight for the cross-report alignment for Y14 actuals including variance analysis and explanations. In addition, the role will provide support for the quarterly Call and FRY-9C reports and other regulatory disclosures.

Position Responsibilities:

  • Manage and establish reporting processes, including review of rules integrating
    data into the reports, to ensure timeliness, controls and proper workflow and
    incorporation of all feedback received from other collaborators.
  • Identify and implement opportunities to automate, increase efficiencies and
    improve controls with software and process enhancements as well as compliance with
    Enhanced Prudential Standards.
  • Establish and prepare/review cross-report reconciliations and alignment between
    Regulatory Reports including variance analysis and explanation review.
  • Serves as point of contact for consultation and documentation regarding
    regulatory disclosure issues, including system implementations for the Enhanced Prudential Standards and processes for applicable reports.
  • Continuously enhance and drive accountability of the critical data elements used
    for regulatory reporting including collaboration with various stakeholders across
    business and functional areas of the bank to interpret, operationalize and implement
    liquidity-specific regulatory reporting data requirements.
  • Research and review regulatory reporting changes including impact analysis with
    focus on assigned reports.
  • Review Regulatory reports and/or Regulatory disclosures and underlying
    workpapers and calculations for accuracy and completeness, while assisting staff with
    proper preparation of these reports.
  • Research and consult on complex reporting issues and respond to ad-hoc
    requests for reports and information.
  • Manage and develop staff.


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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