Risk Monitoring - Surveillance Manager

Regions Bank•Hoover, AL

5d•Onsite

About The Position

At Regions, the Business Unit Compliance Manager leads a team of first 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 to support a specific line of business.

Requirements

Bachelor’s degree and seven (7) years of directly related experience, and three (3) years of management experience
Or High School Diploma or GED and eleven (11) years of directly related experience and three (3) years of management experience
Knowledge of legal and regulatory environment as it relates to compliance in a specific line of business
Ability to learn additional systems as needed
Ability to research, analyze data, and derive facts
Ability to supervise and manage a team
Ability to work under pressure and meet deadlines
Demonstrated leadership capabilities
Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)
Strong verbal, written communication, and organizational skills
Strong work ethic and self-motivation
Experience in Microsoft Excel, PowerQuery, Tableau
Ability to solve problems by identifying and resolving issues
Attention to detail in reviewing and analyzing data

Nice To Haves

Master’s degree
Certified Regulatory Compliance Manager (CRCM)

Responsibilities

Oversees small team of professional level compliance staff and compliance efforts for designated business unit
Manages a monitoring and testing program to ensure effective compliance with all applicable laws and regulations
Participates in discussions with business partners, communicating compliance testing plan, and reviews risks identified from testing
Supports business unit by collaboratively facilitating the development of processes and procedures to ensure regulatory compliance, including participation in team meetings, business process improvement efforts, and compliance improvement initiatives
Maintains knowledge of rules and regulations and their impact on products, services, and operations for a specific line of business
Develops policies and procedures to comply with federal regulations and applicable state laws
Provides guidance to various departments regarding compliance issues and implementation of new compliance requirements
Ensures timely, accurate, and appropriate submission of information requested by regulatory agencies
Assists in the development and execution of training programs to ensure adherence to established policies and procedures
Analyzes account activity to identify potential risks and fraud
Contributes to the development and improvement of surveillance systems and processes
Conducts in-depth research into customer accounts, properly documents findings and communicates with business partners and business partner liaisons requesting information to ascertain if activity is reasonable with the purpose of the account
Documents findings by preparing reports in a manner that is clear and comprehensible to business partners, internal auditors, and regulatory examiners
Maintains knowledge of regulatory environment to develop risk ratings of all monitoring and testing activities
Maintains knowledge of regulatory environment, industry standards, and best practices to assess current monitoring and testing activities and make recommendations on new activities or retirement of existing activities
Stays informed of industry trends and developments in order to anticipate potential compliance and operational risks and proactively address them
Fosters a positive and professional working relationship with colleagues and promote a team-oriented and supportive work environment
Adheres to all internal policies and procedures, as well as relevant laws and regulations, to maintain the highest level of integrity and ethical standards
Other duties and special projects may be assigned