BSA AML and OFAC Compliance Manager

Regions Bank•Hoover, AL

About The Position

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.

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
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

Nice To Haves

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

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