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:
At Regions, the Business Unit Operational Risk Analyst works within a given line of business to help ensure the line of business operations are conducted in compliance with regulatory and legal requirements and per the organization’s policy. The analyst works as part of the first line of defense team and alongside the first line, second line and enterprise support units to ensure the effective execution of the Operational Risk Framework across the assigned business line.
Job Description Specifics
The Business Unit Operational Risk Analyst will work within Wealth Management Risk Control to ensure alignment with Compliance Transformation, to include new requirements established related to controls and control inventory, regulatory inventory, and business process mapping. This role will support ongoing and reoccurring Governance Risk and Compliance (GRC) activities and maintenance. This role requires strong analytical skills and the ability to collaborate across departments to drive impactful outcomes. The analyst will work in the first line across the lines of business in Wealth Management Risk Control.
Primary Responsibilities
Conducts compliance reviews and provides analysis of business units and processes
Maintains documentation and reports to management regarding compliance and potential issues
Provides requested information to management for reporting to agencies regarding Sarbanes Oxley, Bank Secrecy Act/Anti-Money Laundering and Office of Foreign Assets Control compliance
Provides analysis of the execution of our operational risk management framework, including: risk and control self-assessments, new initiative risk assessments, operational risk/loss events, scenario analysis, emerging risk identification, and front line risk assessments
Analyzes compliance processes and reports to management, comparing current process with identified process and policy
Assists in the review of contracts, agreements and statements of work
Maintains an inventory of key controls across all areas of Wealth Management
Tracks and updates regulatory inventory with changes affecting Wealth Management activities.
Facilitates risk related mapping associated with business process mapping.
Additional support and function will be expanded as capacity allows.
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 a related field and three (3) years' experience in finance, risk or operations, with experience in the specific business line operations
Or High School Diploma or GED and seven (7) years' experience in finance, risk or operations, with experience in the specific business line operations
Skills and Competencies
Attention to detail
Excellent analytical and management reporting skills
Excellent communications skills
Organizational and time management skills
Risk Management
Strong critical thinking skills
Ability to manage multiple priorities
Comfortable working in fast-paced, dynamic environment
Preferences
Familiarity with control inventory, regulatory inventory, risk related business process mapping functions.
Familiarity with GRC tooling for risk assessment, controls, and compliance
Experience using GRC platforms or integrated risk management systems
Proven ability to support GRC workflows, reporting, and control testing
Experience working within GRC functions or initiatives
Experience in risk management and compliance frameworks
This position may be filled at a higher level depending on the candidate’s qualifications and relevant experience.
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: $62,990.95 USD
Median: $78,270.00 USD
Incentive Pay Plans: This job is not incentive eligible.
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/about-regions/welcome-portal/benefits
Location Details Riverchase Complex North Building
Location: Hoover, 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.
