Environmental Review Manager

Regions Bank; Dallas (TX); On-site; USD 102,166 - 180,000; Full time

Benefits offered by this job

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

Job summary

Regions Bank is seeking an Environmental Risk Manager to lead comprehensive reviews of environmental data tied to loan transactions and property management. The role guides multiple departments on transaction structures, collateral value, and regulatory costs, while certifying liabilities for bank reporting under SOX.

The incumbent will supervise a team, develop remediation strategies, and manage vendor relationships within Regions’ environmental risk function.

Qualifications

• Bachelor’s degree in Physical Science or equivalent.
• Eight (8) years of experience conducting or performing critical reviews of environmental assessments.
• Three (3) years of supervisory/management experience, specifically in an environmental risk function.
• Credit evaluation experience (preferred).

Responsibilities

• Provides thorough reviews of environmental data supplied in connection with loan transactions, property under trust management, pending foreclosures, workouts, corporate trust management related to bond transactions, equity positions and investment banking transactions, and the potential acquisitions of financial institutions.
• Provides guidance to other departments on specific transactions as to the structure of the transactions, the relative value of the collateral, the potential costs to the borrower of complying with environmental laws and regulations, appropriate workout or foreclosure strategies, and the appropriate handling of remediation projects conducted on properties owned or managed by the bank.
• Serves as responsible party in certifying extent of known environmental liability for bank reporting purposes, as required by Sarbanes-Oxley Act (SOX).
• Approves credits of non-R/E secured transactions in high risk industries.
• Provides advice, guidance, and approval to credit and the Line of Business on the appropriate structure of environmentally sensitive transactions and the bank's policies and procedures on a one-to-one basis.
• Controls costs attributable to loan loss and excessive environmental consulting costs through appropriate environmental risk management procedures.

Skills

Team leadership

Regulatory knowledge

Data analysis

MS Office

Education

Bachelor’s degree in Physical Science

Tools

Microsoft Office

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

• Provides thorough reviews of environmental data supplied in connection with loan transactions, property under trust management, pending foreclosures, workouts, corporate trust management related to bond transactions, equity positions and investment banking transactions, and the potential acquisitions of financial institutions
• Provides guidance to other departments on specific transactions as to the structure of the transactions, the relative value of the collateral, the potential costs to the borrower of complying with environmental laws and regulations (both in terms of cleanup costs and anticipated capital expenditures), appropriate workout or foreclosure strategies, and the appropriate handling of remediation projects conducted on properties owned or managed by the bank
• Serves as responsible party in certifying extent of known environmental liability for bank reporting purposes, as required by Sarbanes-Oxley Act (SOX)
• Approves credits of non-R/E secured transactions in high risk industries
• Provides advice, guidance, and approval to credit and the Line of Business on the appropriate structure of environmentally sensitive transactions and the bank's policies and procedures on a one-to-one basis
• Controls costs attributable to loan loss and excessive environmental consulting costs through appropriate environmental risk management procedures
• Develops critical reviews of qualifications of environmental consultants seeking to be placed on the bank’s approved consultants list and independently determines if a consultant is qualified to do work for the bank or its customers
• Provides a resource during due diligence activities conducted in contemplation of acquiring other institutions including, but not limited to, review of environmental data from due diligence activities
• Conducts training sessions for all areas of the bank affected by environmental issues
• Serves as Vendor Relationship Owner (VRO) for the environmental risk function and its respective vendors
• Manages the business continuity process for Environmental Risk Management in Archer
• Maintains and manages the RSCA in Archer
• Offers advice and guidance to a team of analysts, assisting in the development of necessary skills and promotion of continuous improvement initiatives
• Collaborates with team to ensure goals and objectives are challenging yet attainable and contributing to continuous improvement initiatives
• Collaborates with senior management in developing auditing procedures to monitor departmental activities and processes
• Ensures all departmental activities comply with internal and external policies and regulations

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 in Physical Science or equivalent
• Eight (8) years of experience conducting or performing critical reviews of environmental assessments
• Three (3) years of supervisory/management experience, specifically in an environmental risk function

Preferences

• Credit evaluation experience

Skills And Competencies

• Ability to effectively relay information to associates about technical environmental requirements
• Ability to learn additional systems as needed
• Ability to research, analyze data, and derive facts
• Ability to research and interpret applicable federal environmental regulations
• Ability to supervise and manage a team
• Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)
• Strong data entry skills
• Strong verbal, written communication, and organizational skills
• Strong work ethic and self-motivation

Position Type

Full time

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

$102,166.52 USD

Median

$139,743.00 USD

Incentive Pay Plans

This role is eligible to participate in the annual discretionary incentive plan. Employees are eligible to receive a discretionary award based on individual, business, and/or company performance.Opportunity to participate in the Long Term Incentive Plan.

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.

Location Details

Regions Center

Location

Birmingham, Alabama

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.