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Regions Bank HMDA Compliance Manager in Birmingham, Alabama

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 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

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

  • Advises leadership on business and/or product decisions

  • Provides requested information to regulatory agencies and advises management on potential and ongoing compliance issues

  • Maintains proficient knowledge of rules and regulations and their impact on products, services and operations for a specific line of business

  • Assists in resolving complex problems or transactions, where expertise is required to interpret against policies, guidelines or processes

  • Administers a monitoring and testing program to ensure effective compliance with all applicable laws and regulations

  • Creates and delivers training to assigned business area to increase compliance awareness

  • Gathers information requested by regulatory agencies

  • 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 eight (8) years experience in compliance, quality assurance/control, audit or other related compliance function specific to a line of business

  • Or High School Diploma and fifteen (15) 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

  • Strong Communication skills

  • Knowledge of legal and regulatory environment as it relates to compliance in a particular line of business

  • Deadline driven

  • Ability to work independently

  • Organizational skills

  • Time management skills

  • Proficiency in Microsoft Office Suite

The HMDA Compliance manager will operate as a first line of defense risk management expert on HMDA, advising business and/or product decisions. Additionally, the HMDA Compliance Manager will:

  • Perform monitoring to ensure compliance with HMDA Program and procedures

  • Responsible for HMDA data screens, including system design and user acceptance testing

  • Train staff on HMDA compliance procedures

  • Implement corrective actions based on findings from internal and external audits/review.

  • Coordinate with various departments to resolve inconsistencies in loan data to ensure accurate HMDA reporting

The ideal candidate for this role should also possess the following skills and competencies:

  • Mortgage lending experience: Familiarity with different types of mortgage loans, loan origination processes, and related compliance requirements

  • Extensive knowledge and understanding of the Home Mortgage Disclosure Act (HMDA) regulation, including data points required for reporting, exemption criteria, and reporting deadlines

  • Expertise in using loan origination software (e.g., Empower) to extract and validate HMDA data

  • Strong communication skills: ability to communicate complex compliance issues to both technical and non-technical audiences

  • Excellent data analytical and problems solving skills

  • Detail oriented

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:

Minimum:

$108,219.60 USD

Median:

$149,830.00 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. (https://www.regions.com/about-regions/benefits/benefits-eligibility) 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. To learn more about Regions’ benefits, please click or copy the link below to your browser.

https://www.regions.com/welcometour/benefits.rf

Location Details

Regions Center

Location:

Birmingham, Alabama

Bring Your Whole Self to Work

We have a passion for creating an inclusive environment that promotes and values the differences that make each of us stand out as unique individuals and help 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 and thrive is the right thing to do.

OFCCP Disclosure: Equal Opportunity Employer/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.

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