Job Description

BSA AML and OFAC Compliance Manager

At Regions, the BSA AML and OFAC Compliance Manager leads a team of second line of defense risk management experts that advise on business and/or product decisions. Associates at this level ensure that all compliance activities within their area of expertise follow the necessary rules and regulations, contribute to process change and redesign in addition to developing business plans, policies, and procedures. This position leads a team and works closely with senior management to ensure that the organization maintains the highest of standards of regulatory compliance and integrity.

Primary Responsibilities

• Oversees large team of professional level compliance staff and compliance efforts for designated business units
• Develops, implements, and maintains policies, procedures, and controls to ensure compliance with BSA/AML and OFAC regulations and industry best practices
• Conducts ongoing risk assessments and monitors emerging risks, working collaboratively with cross-functional teams to implement effective risk mitigation strategies
• Develops and delivers comprehensive training programs on compliance policies, procedures, and regulatory requirements for employees at all levels of the organization
• Serves as the primary point of contact for regulatory agencies and external auditors, ensuring timely and accurate responses to inquiries and requests for information
• Oversees internal investigations into potential instances of non-compliance, fraud, or other regulatory violations, ensuring thorough documentation and resolution of issues
• Ensures accurate regulatory reports, including SARs, CTRs, and OFAC responses, in accordance with regulatory requirements and deadlines
• Monitors industry trends and regulatory developments, and recommends enhancements to the compliance program to adapt to changing risks and requirements

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 seven (7) years directly related experience and four (4) years of management experience
• Or High School Diploma or GED and eleven (11) years directly related experience and six (6) years of management experience

Preferences

• Master's degree
• Certified Regulatory Compliance Manager Certification (CRCM)

Skills and Competencies

• Ability to influence and collaborate effectively
• Advanced in Microsoft Office Suite
• Deadline driven
• Organizational skills
• Strong Leadership, communication, and interpersonal skills
• Strong understanding of regulatory requirements
• Time management 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:

Median:

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.

Benefits Information

• Paid Vacation/Sick Time
• 401K with Company Match
• Medical, Dental and Vision Benefits
• Disability Benefits
• Health Savings Account
• Flexible Spending Account
• Life Insurance
• Parental Leave
• Employee Assistance Program
• Associate 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 visit the provided link.

Location Details

Riverchase Complex North Building

Location: Hoover, Alabama

Equal Opportunity Employer/including Disabled/Veterans

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