Regions Bank
BSA AML and OFAC Compliance Function Manager II
Regions Bank, Charlotte, North Carolina, United States, 28245
BSA AML and OFAC Compliance Function Manager II
Regions seeks a BSA AML and OFAC Compliance Function Manager II to serve as a first, second, or third line of defense risk management expert advising on business and product decisions. The manager will own one or more products or processes, contributing to process change and redesign and developing business plans, policies, and procedures to support the line of business.
Job Description The manager will conduct compliance reviews to identify potential areas of risk related to BSA, AML, and OFAC compliance, develop strategies to mitigate those risks, and advise leadership on business and product decisions. The manager will oversee the monitoring of transactions for suspicious activity and ensure timely and accurate reporting of suspicious transactions to the appropriate regulatory authorities. The manager will stay abreast of changes in BSA, AML, and OFAC regulations and guidelines and ensure the organization remains compliant with all applicable laws and regulations. The manager will assist in resolving complex problems or transactions requiring policy interpretation and administer a monitoring and testing program to ensure effective compliance with all applicable laws and regulations. The manager will create and deliver training and education to employees on BSA, AML, and OFAC compliance requirements, regulations, and best practices and may supervise day‑to‑day work of other compliance associates and contribute to workflow or process change and redesign and risk and control identification.
Primary Responsibilities
Conduct compliance reviews to identify potential areas of risk related to BSA, AML, and OFAC compliance and develop strategies to mitigate these risks.
Advises leadership on business and/or product decisions.
Oversees the monitoring of transactions for suspicious activity and ensures timely and accurate reporting of suspicious transactions to the appropriate regulatory authorities.
Stays abreast of changes in BSA, AML, and OFAC regulations and guidelines and ensures that our organization remains compliant with all applicable laws and regulations.
Assists in resolving complex problems or transactions, where expertise is required to interpret against policies, guidelines or processes.
Administers a monitoring and testing program to ensure effective compliance with all applicable laws and regulations.
Creates and delivers training and education to employees on BSA, AML, and OFAC compliance requirements, regulations, and best practices.
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.
Requirements
Bachelor’s degree.
Ten (10) years of experience in compliance, quality assurance/control, audit, or other related compliance function specific to a line of business.
Knowledge of legal and regulatory environment as it relates to compliance in a specific line of business.
Preferences
Master’s degree.
Certified Regulatory Compliance Manager (CRCM).
Skills And Competencies
Ability to learn additional systems as needed.
Ability to supervise and manage a team.
Ability to work in a team environment when applicable.
Ability to work under pressure and meet deadlines.
Advanced in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.).
Demonstrated leadership abilities, with experience leading function.
Excellent analytical and problem-solving skills.
Excellent verbal, written communication, and organizational skills.
Strong work ethic and self-motivation.
Direct the design, execution, and ongoing enhancement of the organization’s enterprise-wide BSA/AML risk assessment, ensuring comprehensive identification and mitigation of risks across all business units and products.
Develop, implement, and regularly update detailed procedure documents to support all risk assessment processes, ensuring clarity, consistency, and compliance with regulatory expectations.
Oversee the development and maintenance of product-specific risk assessments, ensuring timely evaluation of inherent and residual risks for all new and existing products and services.
Prepare and deliver comprehensive reports, risk assessments, and program updates to senior management and relevant committees, providing actionable insights and strategic recommendations.
Manage the annual transaction coverage assessment, ensuring the effectiveness of monitoring systems and recommending strategic enhancements as needed.
Oversee the creation and maintenance of a robust controls inventory, ensuring accurate documentation of control ownership, effectiveness, and testing results.
Compensation Details Pay ranges are job specific and are provided as a point‑of‑market reference for compensation decisions. Other factors directly impacting pay for individual associates include experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. 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. Minimum target: $122,017.50 USD. Median target: $166,149.00 USD. This role is eligible to participate in the annual discretionary incentive plan and may participate in the Long Term Incentive Plan.
Benefits Information
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
Location Atlanta, Georgia
Equal Opportunity Employer / Including Disabled / Veterans Communications are accepted electronically through the Regions career site for a minimum of five business days from the date of posting. Job postings for higher‑volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
#J-18808-Ljbffr
Job Description The manager will conduct compliance reviews to identify potential areas of risk related to BSA, AML, and OFAC compliance, develop strategies to mitigate those risks, and advise leadership on business and product decisions. The manager will oversee the monitoring of transactions for suspicious activity and ensure timely and accurate reporting of suspicious transactions to the appropriate regulatory authorities. The manager will stay abreast of changes in BSA, AML, and OFAC regulations and guidelines and ensure the organization remains compliant with all applicable laws and regulations. The manager will assist in resolving complex problems or transactions requiring policy interpretation and administer a monitoring and testing program to ensure effective compliance with all applicable laws and regulations. The manager will create and deliver training and education to employees on BSA, AML, and OFAC compliance requirements, regulations, and best practices and may supervise day‑to‑day work of other compliance associates and contribute to workflow or process change and redesign and risk and control identification.
Primary Responsibilities
Conduct compliance reviews to identify potential areas of risk related to BSA, AML, and OFAC compliance and develop strategies to mitigate these risks.
Advises leadership on business and/or product decisions.
Oversees the monitoring of transactions for suspicious activity and ensures timely and accurate reporting of suspicious transactions to the appropriate regulatory authorities.
Stays abreast of changes in BSA, AML, and OFAC regulations and guidelines and ensures that our organization remains compliant with all applicable laws and regulations.
Assists in resolving complex problems or transactions, where expertise is required to interpret against policies, guidelines or processes.
Administers a monitoring and testing program to ensure effective compliance with all applicable laws and regulations.
Creates and delivers training and education to employees on BSA, AML, and OFAC compliance requirements, regulations, and best practices.
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.
Requirements
Bachelor’s degree.
Ten (10) years of experience in compliance, quality assurance/control, audit, or other related compliance function specific to a line of business.
Knowledge of legal and regulatory environment as it relates to compliance in a specific line of business.
Preferences
Master’s degree.
Certified Regulatory Compliance Manager (CRCM).
Skills And Competencies
Ability to learn additional systems as needed.
Ability to supervise and manage a team.
Ability to work in a team environment when applicable.
Ability to work under pressure and meet deadlines.
Advanced in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.).
Demonstrated leadership abilities, with experience leading function.
Excellent analytical and problem-solving skills.
Excellent verbal, written communication, and organizational skills.
Strong work ethic and self-motivation.
Direct the design, execution, and ongoing enhancement of the organization’s enterprise-wide BSA/AML risk assessment, ensuring comprehensive identification and mitigation of risks across all business units and products.
Develop, implement, and regularly update detailed procedure documents to support all risk assessment processes, ensuring clarity, consistency, and compliance with regulatory expectations.
Oversee the development and maintenance of product-specific risk assessments, ensuring timely evaluation of inherent and residual risks for all new and existing products and services.
Prepare and deliver comprehensive reports, risk assessments, and program updates to senior management and relevant committees, providing actionable insights and strategic recommendations.
Manage the annual transaction coverage assessment, ensuring the effectiveness of monitoring systems and recommending strategic enhancements as needed.
Oversee the creation and maintenance of a robust controls inventory, ensuring accurate documentation of control ownership, effectiveness, and testing results.
Compensation Details Pay ranges are job specific and are provided as a point‑of‑market reference for compensation decisions. Other factors directly impacting pay for individual associates include experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. 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. Minimum target: $122,017.50 USD. Median target: $166,149.00 USD. This role is eligible to participate in the annual discretionary incentive plan and may participate in the Long Term Incentive Plan.
Benefits Information
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
Location Atlanta, Georgia
Equal Opportunity Employer / Including Disabled / Veterans Communications are accepted electronically through the Regions career site for a minimum of five business days from the date of posting. Job postings for higher‑volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
#J-18808-Ljbffr