Not Authorized
You are currently not authorized to access this section.
Please contact your Administrator to change your authorization settings.
Please contact your Administrator to change your authorization settings.
Manager CRMP Middle Office Manager
Detroit, MI
Job Description
CRMP Middle Office Collateral Manager
The CRMP Middle Office Collateral Manager is responsible for a set of highly complex and critical collateralization activities on an enterprise-wide basis including collateral reporting, managing capital markets counterparty risk, collateral operations, and ensuring accuracy of financial reporting. This role will partner with key stakeholders including Line 1.5 Risk Management, Corporate Treasury, Enterprise Risk, Sales and Trading partners to influence policy and procedures, as well as ensure proper controls and validations are in place, and that financial activities are accurate and compliant. Position will play key role implementing and operationalizing the new enterprise platform that will automate existing manual tasks and allow for real time reporting, improving the accuracy of financial reporting.
Position Responsibilities:
Leadership and HR Management
- Provide consistent and effective leadership in accordance with HR policies and procedures.
- Provide management direction and support to direct reports and various indirect resources.
- Promote a positive and collaborative working environment.
Operations Management
- Lead process inventory development and process mapping across the enterprise.
- Identify opportunities for centralization, process improvement and automation of operational processes and controls.
- Collaborate with upstream/downstream colleagues to ensure end-to-end processes occur without interruption.
- Proactively identify issues that impact collateral operations including failed controls, financial reporting, and lead resolution effort.
- Creates periodic report templates and dashboards outlining relevant operational metrics.
Project and Change Management
- Play lead role in operationalizing the new enterprise platform that will automate existing manual tasks and allow for real time reporting, improving the accuracy of financial reporting.
- Lead projects and change management initiatives that have enterprise collateral impacts.
- Participate in projects related to other business units which may have change management and risk impacts to collateral processes, procedures and reporting.
- Participate in enterprise projects including Process Change Management and Process Simplification as required.
Risk Management
- Lead identification, development and implementation of strategy for risk assessment, risk appetite, risk measurement, risk reduction and mitigation.
- Drive development of a centralized collateral management system (CMS) framework.
- Develop and implement reporting of key compliance and operational risk indicators with as an early warning system.
- Proactively self-identify operational, third-party, compliance, reputational, liquidity and market risk focused gaps and issues.
- Develop and implement self-monitoring of collateral compliance and operational controls through an annual monitoring plan.
- Identify and implement control and process automation opportunities.
Position Qualifications:
- 4-year bachelor's degree
- 7 years Financial Services operations (middle office and/or back office) experience
- 7 years working within a risk and collateral management framework
- 2 years Leading teams or directly managing individuals
- 4 years Software implementation and/or management Experience
- 3 years' experience in Securities and Investment Banking operation with a strong understanding of how the function "fits" within the broader organization
- 3 years similar middle/back-office software knowledge experience
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
7+ years
Email this Job to Yourself or a Friend