Regions Financial
BSA AML and OFAC Compliance Function Manager II
Regions Financial, Atlanta, Georgia, United States, 30301
Job Description
At Regions, the BSA AML and OFAC Compliance Function Manager operates as a first, second, or third line of defense risk management expert that advises on business and/or product decisions. The manager will have full ownership for one or more products or processes, contributing to process change and redesign in addition to developing business plans, policies, and procedures to support a specific line of business. Primary Responsibilities Conducts compliance reviews to identify potential areas of risk related to BSA, AML, and OFAC compliance and develops 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 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 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 Full time 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: Minimum:
$122,017.50 USD Median:
$166,149.00 USD Incentive Pay Plans:
This role is eligible to participate in the annual discretionary incentive plan. Employees are eligible to receive a discretionary award based on individual, business, and/or company performance. Opportunity to participate in the Long Term Incentive Plan. 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. Location Details
Location:
Atlanta, Georgia Equal Opportunity Employer/including Disabled/Veterans
At Regions, the BSA AML and OFAC Compliance Function Manager operates as a first, second, or third line of defense risk management expert that advises on business and/or product decisions. The manager will have full ownership for one or more products or processes, contributing to process change and redesign in addition to developing business plans, policies, and procedures to support a specific line of business. Primary Responsibilities Conducts compliance reviews to identify potential areas of risk related to BSA, AML, and OFAC compliance and develops 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 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 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 Full time 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: Minimum:
$122,017.50 USD Median:
$166,149.00 USD Incentive Pay Plans:
This role is eligible to participate in the annual discretionary incentive plan. Employees are eligible to receive a discretionary award based on individual, business, and/or company performance. Opportunity to participate in the Long Term Incentive Plan. 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. Location Details
Location:
Atlanta, Georgia Equal Opportunity Employer/including Disabled/Veterans