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Environment Review Manager
Regions Financial
Birmingham, AL, United States
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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.
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Job Description:
The Environmental Review Manager manages the environmental risk function of the bank which addresses environmental concerns from both an underwriting and liability standpoint.
Primary Responsibilities
• Provides thorough reviews of environmental data supplied in connection with loan transactions, property under trust management, pending foreclosures, work-outs, 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 in the bank 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 SOX
• Provides consultation and/or concurrence for credit approval of non-R/E secured transactions in high risk industries
• Provides advice, guidance, and approval to credit and the LOB 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 Company's approved consultants list. Determine independently whether or not 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. Also works with Regions Corporate Real Estate when needed for ERM issues surrounding branch closure, relocation, etc.
• Conducts training sessions for all areas of the bank affected by environmental issues.
• Manages a staff of associates, including both Environmental Risk Officer(s) and Environmental Risk Analyst(s)
• Serves as Vendor Relationship Owner (VRO) for the environmental risk function and its respective vendor
This position is exempt from timekeeping requirements under the Fair Labor Standards act and is not eligible for overtime pay.
Requirements
• Bachelor’s Degree in physical science and at least eight (8) of experience in the performance or critical review of environmental assessments
• Three (3) years management/ supervisory experience of an environmental risk function
Skills and Competencies
• Strong logic and analytical skills; Strong verbal and written communication skills
• Ability to work independently and meet critical deadlines
• Ability to effectively manage staff of ERM Specialists and Analysts to ensure critical deadlines are met
• Ability to research and interpret Federal environmental regulations as they pertain to the complex requirements faced by the Bank and the Bank's customers
• Excellent presentation skills to conduct formal / informal seminars for Bank associates about technical environmental requirements
• Data Entry into databases, MS Word, MS Excel
Preferences
• Credit evaluation experience
Location:
Birmingham, Alabama
EEO/AA/Minorities/Females/Disabled/Veterans