Business Unit Operational Risk Function Manager

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At Regions, the Business Unit Operational Risk Function 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.

• Conducts compliance reviews and provides oversight of legal entities, business units, and processes

• Maintains documentation and reports to management regarding compliance and potential issue

• Provides requested information to regulatory agencies and monitors compliance with applicable laws and regulations

• 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 work

• May maintain business unit Responsible, Accountable, Consulted, and Informed (RACI) chart

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.

• 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 underwriting

• Ability to learn additional systems as needed

• Ability to…