BSA AML and OFAC Compliance Function Manager II

BSA AML And OFAC Compliance Function Manager

At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice. Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions' Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.

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

Preferences

Skills and Competencies

Position Type

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.

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions' benefits, please visit https : / / www.regions.com / welcometour / benefits.rf

Location Details

Atlanta Midtown Location : Atlanta, Georgia Equal Opportunity Employer / including Disabled / Veterans