Fair Lending Compliance Oversight Manager

Thank you for your interest in a career  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.

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

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
• Re…