What are the responsibilities and job description for the Corporate Banking Group Quality Assurance Manager position at Regions?
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 Corporate Banking Group Quality Assurance Manager is responsible for executing 1st line of defense assurance reviews to ensure adherence to risk appetite statements and accuracy of information impacting the Bank’s financial statements.
Primary Responsibilities
Develops and implements a comprehensive Quality Assurance Program for the Corporate Banking Group including, but not limited to, regulatory compliance, credit policy adherence, prudent credit risk management, underwriting quality, risk rating accuracy, processes and procedure adherence, and validating corrective actions committed to assurance partners are complete, effective, and sustained
Directs and oversees the Quality Assurance Program
Identifies, prioritizes, and manages the Quality Assurance review calendar, rely on experience and judgment to plan and accomplish goals
Leads and directs the works of others
Develops, implements, and maintains review procedures and processes
Ensures proper identification of review scope, sample selection, review team composition, data compilation and analysis, written report creation, and communication/interaction with business partners
Provides continual feedback to the Business Risk Support Executive regarding existing or emerging risks/issues identified
Maintains familiarity with a variety of coverage and underwriting concepts, practices, and procedures
Develops and maintains a strong team through associate hiring recommendations, mentoring, training, and developing associates for increased responsibility
Provides written and verbal feedback on associate performance
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 of credit analysis experience in relevant disciplines such as commercial/corporate/specialized lending, credit administration, credit review, or regulatory agency
Management experience
Preferences
Master's degree
Skills and Competencies
Strong leadership skills with the ability to lead a complex organization to fulfill its mission and goals
Strong credit analysis skills
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: $103,093.10 USD
Median: $141,760.00 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. 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
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.
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 Corporate Banking Group Quality Assurance Manager is responsible for executing 1st line of defense assurance reviews to ensure adherence to risk appetite statements and accuracy of information impacting the Bank’s financial statements.
Primary Responsibilities
Develops and implements a comprehensive Quality Assurance Program for the Corporate Banking Group including, but not limited to, regulatory compliance, credit policy adherence, prudent credit risk management, underwriting quality, risk rating accuracy, processes and procedure adherence, and validating corrective actions committed to assurance partners are complete, effective, and sustained
Directs and oversees the Quality Assurance Program
Identifies, prioritizes, and manages the Quality Assurance review calendar, rely on experience and judgment to plan and accomplish goals
Leads and directs the works of others
Develops, implements, and maintains review procedures and processes
Ensures proper identification of review scope, sample selection, review team composition, data compilation and analysis, written report creation, and communication/interaction with business partners
Provides continual feedback to the Business Risk Support Executive regarding existing or emerging risks/issues identified
Maintains familiarity with a variety of coverage and underwriting concepts, practices, and procedures
Develops and maintains a strong team through associate hiring recommendations, mentoring, training, and developing associates for increased responsibility
Provides written and verbal feedback on associate performance
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 of credit analysis experience in relevant disciplines such as commercial/corporate/specialized lending, credit administration, credit review, or regulatory agency
Management experience
Preferences
Master's degree
Skills and Competencies
Strong leadership skills with the ability to lead a complex organization to fulfill its mission and goals
Strong credit analysis skills
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: $103,093.10 USD
Median: $141,760.00 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. 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
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.
Salary : $103,093 - $141,760
