Retail Distribution First Line Risk Manager

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 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

• 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 degree
• Certified Regulatory Compliance Manager Certification (CRCM)

Skills and Competencies

• Ability to work independently
• Deadline driven
• Knowledge of legal and regulatory environment as it relates to compliance in a particular line of business
• Organizational skills
• Proficiency in Microsoft Office Suite
• Strong Communication skills
• Time 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.

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