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Fair Lending Compliance Oversight Manager
Fair Lending Compliance Oversight ManagerAlabama Staffing • Birmingham, AL, US
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Fair Lending Compliance Oversight Manager

Fair Lending Compliance Oversight Manager

Alabama Staffing • Birmingham, AL, US
5 days ago
Job type
  • Full-time
Job description

Business Unit 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 Business Unit Compliance Function Manager operates as a first, second, or third line of defense risk management expert that advises on business and / or product decisions. Associates at this level should have full ownership and be a Subject Matter Expert (SME) for one or more large or complex products, processes, or regulations, contributing to process change and redesign in addition to developing business plans, policies, and procedures to support a particular line of business. This position may manage 1-2 analysts and typically reports directly to the Business Unit Compliance Group Manager, the Head of a Division or a specialized Group Manager over a line of business i.e. Credit Products, Commercial, etc.

Primary Responsibilities :

  • Directs compliance reviews and provides oversight of legal entities, business units, and processes
  • Advises leadership on key business and / or product decisions
  • Provides requested information to regulatory agencies and advises management on potential and ongoing compliance issues
  • Maintains expert level knowledge of rules and regulations and their impact on products, services and operations for a specific line of business
  • Oversees the resolution of complex problems or transactions, where expertise is required to interpret against policies, guidelines or processes
  • Oversees a monitoring and testing program to ensure effective compliance with all applicable laws and regulations
  • Manages creation and delivery of training to assigned business area to increase compliance awareness
  • 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 and ten (10) years experience in compliance, quality assurance / control, audit or other related compliance function specific to a line of business
  • Preferences :

  • Masters degree
  • Certified Regulatory Compliance Manager Certification (CRCM)
  • Skills and Competencies :

  • Ability to work independently
  • Deadline driven
  • Knowledge of legal and regulatory environment as it relates to compliance in a particular line of business
  • Organizational skills
  • Proficiency in Microsoft Office Suite
  • Strong Communication skills
  • Time management skills
  • Additional Job Description : The Consumer Fair Lending Function Manager is responsible for overseeing and enhancing the organization's Fair Lending Program, integrate our Community Reinvestment Act (CRA) strategies, and our overall Continuous Improvement strategies. This role works with senior leaders throughout the Consumer Bank to develop and monitor effective data-driven strategies to continuously improve how Regions Bank executes on its community lending commitments. In partnership with key Consumer Leaders, Compliance, CRA and other stakeholders this individual will own the overall Consumer Fair Lending Program.

    Key Responsibilities :

  • Monitor market-level home lending application and origination results versus HMDA peer performance for both Majority-Minority Census Tract (MMCT) and Low-Moderate Income (LMI) segments
  • Work with local Mortgage and Retail executives, leaders, and partners, to develop and monitor targeted action plans and lending strategies where performance indicates opportunities for improvement remain
  • Lead the development and execution of the Consumer Fair Lending oversight program including risk management, continuous improvement objectives, internal performance reporting and governance routines
  • Utilize data and analytics to provide market leaders with insights and recommended strategies to improve community lending performance in their markets
  • Review and respond to fair lending risk assessments and statistical analyses
  • Provide guidance and proactive education of Fair Lending and CRA to the Mortgage and Retail segments
  • Owns the Consumer Fair Lending Program document and ensure adherence to requirements with stakeholders throughout the organization; maintain documentation and reporting for fair lending activities
  • Manage internal and external audits and regulatory examinations
  • Stay current on regulatory changes and industry best practices
  • The role ensures adherence to federal and state fair lending laws such as the Equal Credit Opportunity Act (ECOA) and the Fair Housing Act (FHA)
  • Preferred Skills :

  • Excellent analytical, communication, and project management skills
  • Team-oriented, able to bring together multiple disciplines to achieve common goals
  • Data sourcing, reporting, and analysis; familiarity with statistical analysis tools
  • Knowledge of U.S. fair lending laws and regulations and HMDA
  • Ability to interpret complex data and regulatory requirements
  • Location Options Include : Birmingham, AL, Atlanta, GA or Charlotte, NC.

    Regions will not provide relocation assistance for this position, and relocation would be at your expense. Regions will not sponsor applicants for work visas for this position. Applicants for this position must be currently authorized to work in the United States on a full-time basis.

    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 : $129,319.85 USD

    Median : $177,880.00 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. To learn more about Regions' benefits, please visit https : / / www.regions.com / about-regions / benefits / benefits-eligibility .

    Location Details : Regions Center

    Location : Birmingham, Alabama

    Equal Opportunity Employer / including Disabled / Veterans

    Job applications at Regions are accepted electronically through our 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

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