BSA AML and OFAC Compliance 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 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

• Bachelors 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

• Masters 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

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:

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Median:

Incentive Pay Plans:

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 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 click or copy the link below to your browser.

DetailsRiverchase Complex North Building

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