About the position
At Regions, the Corporate 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. This position is crucial in ensuring that the organization adheres to all applicable laws and regulations, thereby safeguarding the integrity of the business operations. The Corporate Compliance Function Manager will assist in conducting compliance reviews and provide oversight of legal entities, business units, and processes. This role involves advising leadership on business and/or product decisions, gathering and providing requested information to regulatory agencies, and advising management on potential and ongoing compliance issues. The manager will maintain proficient knowledge of rules and regulations and their impact on products, services, and operations, which is essential for resolving complex problems or transactions that require expertise to interpret against policies, guidelines, or processes. Additionally, the manager will administer a monitoring and testing program to ensure effective compliance with all applicable laws and regulations. They will also create and deliver training to the assigned business area to increase compliance awareness. The role may involve supervising the day-to-day work of other professional-level compliance associates and contributing to workflow or process change and redesign, as well as risk and control identification. This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay, but it is incentive eligible.
Responsibilities
- Assists in conducting compliance reviews and provides oversight of legal entities, business units, and processes
- Advises leadership on business and/or product decisions
- Gathers and provides requested information to regulatory agencies and advises management on potential and ongoing compliance issues
- Maintains proficient knowledge of rules and regulations and their impact on products, services, and operations
- 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 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
Requirements
- Bachelor's degree
- Eight (8) years of experience in compliance, quality assurance/control, audit, or other related compliance function specific to a line of business
- Or High School Diploma or GED and twelve (12) 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
Nice-to-haves
- Master's degree
- Certified Regulatory Compliance Manager (CRCM)
Benefits
- 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
