Regions Bank Business Unit Compliance Manager - Enterprise Operations in Hoover, Alabama
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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 particular line of business.
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.
This position is exempt from timekeeping requirements under the Fair Labor Standards act and is not eligible for overtime pay.
Bachelor’s degree and seven (7) years’ directly related experience, with at least four (4) years of management experience
Or ten (10) years’ directly related experience, with at least six (6) years of management experience
Certified Regulatory Compliance Manager Certification (CRCM)
Skills and Competencies
Strong Communication skills
Knowledge of legal and regulatory environment as it relates to compliance in a particular line of business
Ability to work independently
Time management skills
Proficiency in Microsoft Office Suite
At Regions, our culture focuses on five core values that are a commitment to how we will do business:
Put people first
Do what is right
Focus on your customer
Through these values, our mission to make life better drives our desire to improve and make a positive difference in the communities where we work and live through financial investments and volunteering.