Wealth Management Business Unit Operational and Business Risk Manager

Company: Regions Bank
Location: Birmingham
Posted on: January 26, 2023

Job Description:

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.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 Operational and Business Risk Manager ensures that line of business operations are conducted in compliance with regulatory and legal requirements and per the organization's policy. This position serves as a connection between the first line, second line, and enterprise support units to ensure the effective execution of the Operational Risk Framework across the specified business line group.Primary Responsibilities

• Conducts compliance reviews and provides oversight of legal entities, business units, and processes
• Maintains documentation and reports to management regarding compliance and potential issues
• Provides requested information to regulatory agencies and monitors Sarbanes Oxley, Bank Secrecy Act/Anti-money Laundering (BSA/AML) and Office of Foreign Assets Control (OFAC) compliance
• Maintains business unit Responsible, Accountable, Consulted, and Informed (RACI) chart
• Provides guidance to first line, second line, and enterprise support units on the effective execution of operational risk management framework including risk and control self-assessments, new initiative risk assessments, operational risk/loss events, scenario analysis, emerging risk identification, and front line risk assessments
• Manages several compliance processes, comparing current process with identified process and policy
• Reports to management and provides recommendations for error prevention
• Monitors, evaluates, remediates operations risk/loss events including root cause analysis and process improvement recommendations,
• Analyzes new business initiatives and projects and manages risk-related changes
• Coordinates business continuity plans and conducts annual training and business impact analysis testing
• Conducts quality control audits, working with business line operations departments
• Serves as liaison to internal and external auditors and Regions Data Foundation
• Works with business unit to understand business, drivers, concerns, future plans, and offer support to mitigate risk
• Conducts presentations and workshop sessions on risk identification and mitigation
• Ensures continuous improvement in operating procedures to avoid risks
• Ensures compliance with vendor risk management policy and regulations, reviewing and analyzing contracts, agreements, and statements of workThis 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 in a related field
  • Seven (7) years of experience in finance, risk, or operations, with significant specific experience in business line operations or underwritingSkills and Competencies
    • Ability to learn additional systems as needed
    • Ability to research, analyze data, and derive facts
    • Ability to work under pressure and meet deadlines
    • Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)
    • Strong verbal, written communication, and organizational skills
    • Strong work ethic and self-motivationPosition TypeFull timeBenefits InformationRegions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for 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 ProgramPlease 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.Location DetailsRegions Center - BirminghamLocation:Birmingham, AlabamaBring Your Whole Self to Work We have a passion for creating an inclusive environment that promotes and values diversity of race, color, national origin, religion, age, sexual orientation, gender identity, disability, veteran status, genetic information, sex, pregnancy, and many other primary and secondary dimensions that make each of us unique as individuals and provide valuable perspective that makes us a better company and employer. More importantly, we recognize that creating a workplace where everyone, regardless of background, can do their best work is the right thing to do. OFCCP Disclosure: Equal Opportunity Employer/Disabled/Veterans

Keywords: Regions Bank, Birmingham , Wealth Management Business Unit Operational and Business Risk Manager, Executive , Birmingham, Alabama