Operational Risk Manager, Business Unit Leader

Regions Bank; Hoover (AL); On-site; USD 96,000 - 117,000; 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 in New Orleans, LA seeks an experienced Business Unit Operational Risk Function Manager to oversee regulatory compliance and risk management across business lines. The role connects first line, second line, and enterprise support units to ensure effective risk framework execution.

The position requires a bachelor’s degree and 7+ years in finance or risk, with strong analytical, communication, and documentation skills.

Qualifications

• Bachelor’s degree in a related field.
• Seven (7) years of experience in finance, risk, or operations with significant experience in business line operations or underwriting.

Responsibilities

• 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
• 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

Skills

Risk analysis

Regulatory knowledge

Data interpretation

MS Office proficiency

Communication skills

Education

Bachelor’s degree in a related field

Tools

MS Office (Excel, Word, PowerPoint, Outlook)

Job description

Regions Bank in New Orleans, LA seeks an experienced Business Unit Operational Risk Function Manager to oversee regulatory compliance and risk management across business lines. The role connects first line, second line, and enterprise support units to ensure effective risk framework execution.

The position requires a bachelor’s degree and 7+ years in finance or risk, with strong analytical, communication, and documentation skills.