As the Director of Compliance and Risk at Alabama ONE, Doug Jr. leverages over 15 years of extensive experience in risk management and compliance to safeguard the institution's integrity and operational efficiency. His current role involves overseeing a comprehensive compliance framework that encompasses critical areas...
As the Director of Compliance and Risk at Alabama ONE, Doug Jr. leverages over 15 years of extensive experience in risk management and compliance to safeguard the institution's integrity and operational efficiency. His current role involves overseeing a comprehensive compliance framework that encompasses critical areas such as Bank Secrecy Act (BSA) compliance, anti-money laundering (AML) initiatives, and vendor management. Doug's leadership has been instrumental in transforming a nascent compliance department into a robust team of eight skilled professionals, each dedicated to upholding the highest standards of regulatory adherence and risk mitigation.
Doug's expertise in underwriting, fraud prevention, and suspicious activity reporting has enabled Alabama ONE to navigate the complexities of the financial landscape effectively. He has successfully implemented short- and long-term risk management strategies that not only comply with OFAC regulations but also enhance the institution's overall risk posture. His proactive approach to third-party vendor management ensures that all partnerships align with Alabama ONE’s compliance objectives, thereby minimizing potential risks associated with external relationships.
Additionally, Doug is committed to fostering a culture of compliance throughout the organization. He conducts regular training sessions and workshops to empower employees with the knowledge and tools necessary to identify and report potential risks. By utilizing advanced compliance management systems like Verafin for BSA/AML compliance, Doug ensures that Alabama ONE remains at the forefront of industry standards while effectively managing risks associated with KYC (Know Your Customer) protocols. His dedication to excellence and strategic vision continues to position Alabama ONE as a leader in the financial services sector, driving sustainable growth while maintaining a strong compliance framework.
