Retail Distribution First Line Risk Manager

Business Unit Compliance Function Manager

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 processes
• Advises leadership on key business and / or product decisions
• Provides requested information to regulatory agencies and advises management on potential and ongoing compliance issues
• Maintains expert level knowledge of rules and regulations and their impact on products, services and operations for a specific line of business
• Oversees the resolution of complex problems or transactions, where expertise is required to interpret against policies, guidelines or processes
• Oversees a monitoring and testing program to ensure effective compliance with all applicable laws and regulations
• Manages creation and delivery of training to assigned business area to increase compliance awareness
• May supervise day-to-day work of other professional level compliance associates
• May 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

Preferences

Skills and Competencies

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.

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 Preferences

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.

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.

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time.

Location Details

Location : Birmingham, Alabama

Equal Opportunity Employer / including Disabled / Veterans