Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.

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Job Description:

At Regions, the Business Unit Compliance Function Manager operates as a first, second, or third line of defense risk management expert that advises on business and/or product decisions. Associates at this level should have full ownership and be a Subject Matter Expert (SME) for one or more large or complex products, processes, or regulations, contributing to process change and redesign in addition to developing business plans, policies, and procedures to support a particular line of business. This position may manage 1-2 analysts and typically reports directly to the Business Unit Compliance Group Manager, the Head of a Division or a specialized Group Manager over a line of business i.e. Credit Products, Commercial, etc.

Primary Responsibilities

Directs compliance reviews and provides oversight of legal entities, business units, and processesAdvises leadership on key business and/or product decisionsProvides requested information to regulatory agencies and advises management on potential and ongoing compliance issuesMaintains expert level knowledge of rules and regulations and their impact on products, services and operations for a specific line of businessOversees the resolution of complex problems or transactions, where expertise is required to interpret against policies, guidelines or processesOversees a monitoring and testing program to ensure effective compliance with all applicable laws and regulationsManages creation and delivery of training to assigned business area to increase compliance awarenessMay supervise day-to-day work of other professional level compliance associatesMay contribute to workflow or process change and redesign, and risk and control identification

This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.

This position is incentive eligible.

Requirements

Bachelor's degree and ten (10) years experience in compliance, quality assurance/control, audit or other related compliance function specific to a line of business 

Preferences

Masters degreeCertified Regulatory Compliance Manager Certification (CRCM)

Skills and Competencies

Ability to work independentlyDeadline drivenKnowledge of legal and regulatory environment as it relates to compliance in a particular line of businessOrganizational skillsProficiency in Microsoft Office SuiteStrong Communication skillsTime management skills

This 1st Line Risk individual contributor role is responsible to partner with business leaders and process owners to identify, assess, monitor, and mitigate risks associated with our Retail Branch Operations and Retail network organizations.  The role will partner closely with the leaders, process owners, and control owners throughout our branch network and their adjacent teams to ensure demonstrable compliance with applicable laws, regulations, policies and standards.  Ensuring these teams adhere to our Regions Risk Framework expectations is a primary responsibility.  This includes risk governance, risk assessment (quarterly, change risk assessment, and targeted assessments), findings management, control management and documentation, risk metrics, data quality, and other elements of the risk framework.  This role is also responsible for executing on risk transformation priorities within this organizational scope and increased usage of automation to manage risk.

The role will also be the Consumer Bank-wide fraud and BSA/AML subject matter expert, engaging with internal partners in the business, Financial Crimes Unit / Fraud, Financial Crimes Risk Management to ensure the Consumer control environment is adequately established, monitored, and continuously improved upon given the changing dynamics of the threat landscape.

ADDITIONAL PREFERRENCES

Experience in Fraud and/or BSA/AML 1st or 2nd line risk managementProcess ManagementRetail Network 1st or 2nd line risk managementStrong communication, team-building, partnering skills

Position Type

Full time

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

Job Range Target:

Minimum:

$129,319.85 USD

Median:

$177,880.00 USD

Incentive Pay Plans:

This role is eligible to participate in the annual discretionary incentive plan. Employees are eligible to receive a discretionary award based on individual, business, and/or company performance.Opportunity to participate in the Long Term Incentive Plan.

Benefits Information

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.

Paid Vacation/Sick Time401K with Company MatchMedical, Dental and Vision BenefitsDisability BenefitsHealth Savings AccountFlexible Spending AccountLife InsuranceParental LeaveEmployee Assistance ProgramAssociate Volunteer Program

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.

https://www.regions.com/welcometour/benefits.rf

Location DetailsRegions Center

Location:Birmingham, Alabama

Equal Opportunity Employer/including Disabled/Veterans

Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.