What are the responsibilities and job description for the Enterprise Compliance and Operational Risk Analyst 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 Enterprise Compliance and Operational Risk Analyst serves as a member of Regions’ second line of defense risk management function. This position supports the development and maintenance of a strong risk culture by implementing Regions’ risk management framework, internal policies, and program infrastructure. Additionally, this position works closely with first line of defense associates to proactively identify, measure, monitor, and manage risks across the organization.
Primary Responsibilities
Supports risk programs through monitoring, testing, and reporting to ensure adherence to regulatory and risk management standards
Conducts risk assessments and evaluates control effectiveness, including the review of organizational initiatives for risk impact
Develops and maintains risk metrics, dashboards, and reporting tools
Analyzes findings, losses, and risk events to identify trends
Collaborates cross-functionally with business units and stakeholders to provide guidance and risk mitigation strategies
Assists with regulatory exams and internal audits by compiling requested information and preparing supporting materials
Maintains understanding of applicable laws, regulations, internal policies, and trends, as well as monitors changes and communicates impacts appropriately
Supports efforts to resolve highly critical issues, findings, and/or regulator matters
May provide advice and guidance to junior analysts
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 related field and three (3) years of experience in risk, audit, or related oversight function(s)
Or High School Diploma or GED and seven (7) years of experience in risk, audit, or related oversight function(s)
Preferences
Applicable certifications (e.g., Certified Fraud Examiner (CFE), Certified Public Accountant (CPA), Certified Regulatory Compliance Manager (CRCM))
Experience with Governance, Risk Management and Compliance (GRC) tools
Knowledge of data visualization and programming software
Knowledge of end-to-end banking processes (e.g., sales, account opening, account servicing, payments)
Knowledge of key federal acts and associated banking regulations (e.g., Dodd-Frank Act, Electronic Fund Transfer Act, Expedited Funds Availability Act, Truth in Lending)
Knowledge of risk management frameworks (e.g., Basel, Committee of Sponsoring Organizations (COSO))
Skills and Competencies
Ability to learn additional systems as needed
Ability to make balanced, risk-based decisions based on facts
Ability to prioritize projects and allocate time efficiently and effectively
Ability to research, analyze data, and derive facts
Ability to solve problems and implement effective solutions
Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)
Strong verbal, written communication, and organizational skills
Strong work ethic and self-motivation
Additional Qualifications
Strong operational risk background
Ability to analyze operational data , identify trends, metrics, and key risk drivers
Some technical operational experience working with data generation, reporting, and analytics
Comfortable working independently to identify stakeholders and gather needed information
Curious, investigative, and analytical approach to problem-solving
Experience in Operational Risk and Compliance Risk environments
Exposure to digital origination and/or authentication processes is a plus
Experience with Identity Theft is a plus
This position is intended to be onsite, now or in the near future. Associates will have regular work hours, including full days in the office three or more days a week. The manager will set the work schedule for this position, including in-office expectations. Regions will not provide relocation assistance for this position, and relocation would be at your expense. This position must be within a reasonable driving distance to a Branch, Consumer Operations, or Professional Office Building with the primary location being for Birmingham, AL. Exceptions to the geographic location requirement may be made for current Regions associates who work remotely.
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: $60,532.00 USD
Median: $86,350.00 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 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 Enterprise Compliance and Operational Risk Analyst serves as a member of Regions’ second line of defense risk management function. This position supports the development and maintenance of a strong risk culture by implementing Regions’ risk management framework, internal policies, and program infrastructure. Additionally, this position works closely with first line of defense associates to proactively identify, measure, monitor, and manage risks across the organization.
Primary Responsibilities
Supports risk programs through monitoring, testing, and reporting to ensure adherence to regulatory and risk management standards
Conducts risk assessments and evaluates control effectiveness, including the review of organizational initiatives for risk impact
Develops and maintains risk metrics, dashboards, and reporting tools
Analyzes findings, losses, and risk events to identify trends
Collaborates cross-functionally with business units and stakeholders to provide guidance and risk mitigation strategies
Assists with regulatory exams and internal audits by compiling requested information and preparing supporting materials
Maintains understanding of applicable laws, regulations, internal policies, and trends, as well as monitors changes and communicates impacts appropriately
Supports efforts to resolve highly critical issues, findings, and/or regulator matters
May provide advice and guidance to junior analysts
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 related field and three (3) years of experience in risk, audit, or related oversight function(s)
Or High School Diploma or GED and seven (7) years of experience in risk, audit, or related oversight function(s)
Preferences
Applicable certifications (e.g., Certified Fraud Examiner (CFE), Certified Public Accountant (CPA), Certified Regulatory Compliance Manager (CRCM))
Experience with Governance, Risk Management and Compliance (GRC) tools
Knowledge of data visualization and programming software
Knowledge of end-to-end banking processes (e.g., sales, account opening, account servicing, payments)
Knowledge of key federal acts and associated banking regulations (e.g., Dodd-Frank Act, Electronic Fund Transfer Act, Expedited Funds Availability Act, Truth in Lending)
Knowledge of risk management frameworks (e.g., Basel, Committee of Sponsoring Organizations (COSO))
Skills and Competencies
Ability to learn additional systems as needed
Ability to make balanced, risk-based decisions based on facts
Ability to prioritize projects and allocate time efficiently and effectively
Ability to research, analyze data, and derive facts
Ability to solve problems and implement effective solutions
Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)
Strong verbal, written communication, and organizational skills
Strong work ethic and self-motivation
Additional Qualifications
Strong operational risk background
Ability to analyze operational data , identify trends, metrics, and key risk drivers
Some technical operational experience working with data generation, reporting, and analytics
Comfortable working independently to identify stakeholders and gather needed information
Curious, investigative, and analytical approach to problem-solving
Experience in Operational Risk and Compliance Risk environments
Exposure to digital origination and/or authentication processes is a plus
Experience with Identity Theft is a plus
This position is intended to be onsite, now or in the near future. Associates will have regular work hours, including full days in the office three or more days a week. The manager will set the work schedule for this position, including in-office expectations. Regions will not provide relocation assistance for this position, and relocation would be at your expense. This position must be within a reasonable driving distance to a Branch, Consumer Operations, or Professional Office Building with the primary location being for Birmingham, AL. Exceptions to the geographic location requirement may be made for current Regions associates who work remotely.
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: $60,532.00 USD
Median: $86,350.00 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 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 : $60,532 - $86,350