Payments Strategy Consultant
The position will lead and/or support strategic initiatives identified by the Payments leadership team and the Payments Risk Governance Committee. This position will also provide strategic payments related support to partners in Commercial, Retail and Wealth Management. The Payments Strategy Consultant will stay abreast of emerging payment industry trends and provide insights and thought leadership in developing and recommending opportunities that enable and advance the Payments Business.
This position will act as a liaison with payments business partners and technology in the execution of payment initiatives. This position will work closely with executive and senior leaders across the Payments organization to drive business objectives. This position will need a solid understanding of future strategic payments initiatives across the corporation as well as external payments items (e.g. opportunities, threats, trends, etc.) based on industry and market events.
Position Responsibilities:
Strategic Planning
- Identify and recommend key strategic initiatives/investments that will grow Comerica's payments business.
- Support and/or facilitate strategic sessions involving the development of business objectives, product/business roadmap discussions, aligning business vision with division or enterprise strategies, aligning cross division business needs with enterprise solutions.
- Create and deliver executive presentations that communicate the problem statement, strategic approach, and recommendations clearly and concisely.
- Work with business managers and senior managers to ensure alignment with client requirements and industry trends during roadmap development.
Business Enablement
- Provide direct project leadership to ensure key strategic initiatives are executed in a timely and effective manner.
- Partner and coordinate with various internal resources including Product, Digital, Sales, Operations, Implementation, Risk, Technology, Finance and others to achieve goals.
- Collaborate with Product and Digital to innovate customer solutions.
- Collaborate with Operations to drive efficiencies through process improvement, automation, and enhanced controls.
- Engage consultants, vendors and other third parties as needed to achieve goals.
- Participate in customer forums to understand innovation needs.
Industry Engagement
- Utilize payments industry media outlets, conferences, key suppliers and select subscriptions to ensure awareness and engagement in key payments industry related topics.
- Identify and communicate emerging trends in payments and assess the potential impact of this information to Comerica.
- Coordinate, consolidate and communicate key payments industry topics with internal payments stakeholders (e.g. Federal Reserve requests for comment on strategic initiatives).
- Represent Comerica, as directed, on industry working groups associated with strategic payments initiatives to understand market trends.
- Other duties as assigned.
Position Qualifications:
- Bachelor's Degree from an accredited university or 7 years of relevant experience
- At least 5 years of experience in Product Management, Project Management, or Payment Operations experience
- At least 5 years of experience in Strategic Planning experience
- At least 5 years of experience in U.S. Payments (ACH, Card, Wire, Check, and Real-Time Payments) business experience
- At least 5 years of experience in Managing or working with Matrix teams
- At least 3 years of experience using Microsoft PowerPoint and Microsoft Excel
- Excellent written and verbal communication skills
For candidates hired in the state of California, Colorado, Illinois, or New York the expected salary/On-Target Earnings (OTE) range for the role is currently:
- California - $108,900 - $231,250 Annually
- Colorado - $99,000 - $185,000 Annually
- Illinois - $99,000 - $185,500 Annually
- New York - $123,750- $231,250 Annually
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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Comerica Bank
$108,900 - $231,250 Annually
life insurance, parental leave, paid time off, sick time, 401(k)
Feb 03, 2025