Third Party Risk Compliance Specialist - Hybrid/Remote

Third Party Compliance Risk Specialist The Third-Party Compliance Risk Specialist reports to the Corporate Compliance Risk Assessment and Third-Party Compliance Risk (TPCR) Manager and is responsible for supporting the day-to-day execution of the TPCR program. Responsibilities also include conducting compliance reviews for third-party suppliers, including inherent risk assessments and due diligence as it relates to consumer supplier risk. This role also involves conducting ongoing monitoring, management of compliance issues for third party suppliers, and preparing reporting on Third-Party Compliance Risk. The specialist ensures that third-party engagements align with the Comerica's Third-Party Compliance Risk (TPRM) standards. Position Responsibilities: Third-Party Risk Management Conduct compliance reviews of inherent risk assessments for third-party suppliers, to ensure that the risk is appropriately identified, and risk rated. Review and analyze the content of the inherent risk questionnaire to verify the relationship to consumer risk, e.g. do the suppliers interact with our customers and do they contain personal and private information. Perform compliance due diligence to evaluate the compliance programs and controls of third-party suppliers relating to consumer risk. Coordinate with Compliance Subject Matter Experts on specialized compliance areas including privacy during the due diligence process to identify and address issues. Monitor the ongoing compliance of third-party suppliers. Analyze data and prepare reports on TPCR for management. Operational Excellence Assist with continuing development of related policies and procedure. Assist the TPR Compliance Risk Lead with the maintenance of KRIs and reporting to track the TPCR program. Work closely in a collaborative manner with both first and second lines of defense to promote an understanding of TPCR program requirements, identification of risk issues, and risk mitigation strategies. Proactively escalate issues to Lead and management as needed. Other duties as assigned. Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled