Claire Hoaglund

About Claire Hoaglund

Banking professional with over nineteen years of experience, primarily in BSA/AML/OFAC and Regulatory Compliance Audit. Specialties: Bank Secrecy Act, Office of Foreign Assets Control, Regulatory Compliance and Internal Audit

Experience

1. Vice President - Wealth Management Risk Control Bsa Aml Team Manager

   Regions Bank

   Mar 2020 — Present

   Serve as a Subject Matter Expert for BSA/AML/OFAC. Manage the Wealth Management BSA/AML program, making enhancements where necessary. Lead a team of professional level first line of defense risk management experts that advise on business and/or product decisions. Participate in discussions with business and support partners, communicating the first line assessment of risks identified and engage in the development of risk mitigation with partners. Work to ensure that all risk management activities follow the necessary rules and regulations, contribute to process change and redesign in addition to developing business plans, policies, and procedures to support Wealth Management Business and Support Units. Develop policies and procedures to comply with federal regulations and applicable state laws designed to mitigate risk. Manage a monitoring and oversight program to ensure regulatory and Regions’ compliance, including but not limited to, the identification of areas for enhancement of risk mitigation efforts. Serve as a key contact for the approval of PEP (politically exposed person) relationships, Account Closures and Appeals. Work closely with Internal Audit, second line testing functions and external testing parties in the identification of potential risks, identification of the root cause and the enhancement of internal controls. Provide guidance to various departments regarding risk related issues, implementation of new risk management requirements and identification existing and emerging risks. Ensure timely, accurate and appropriate submission of information requested by regulatory agencies, Internal Audit, Risk Management and WMRC Governance. Assist in the development and execution of training programs to ensure adherence to established policies and procedures. Mentor WMRC members, identify and nourish emerging leaders within WMRC.

Education

• Samford University

  Bachelor of Science in Business Administration, Accounting

  1997 — 2001

• Samford University

  Bachelor of Arts, Spanish

  1997 — 2001