BSA AML and OFAC Compliance Function Manager II

Thank you for your interest in a career at Regions. 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.

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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

• 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.

Position Type

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:

Median:

Incentive Pay Plans:

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 click or copy the link below to your browser.

https://www.regions.com/welcometour/benefits.rf

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 minimum period due to business need and may be closed at any time thereafter at the discretion of the company.