Wealth Management Business Unit Compliance Analyst

Regions•Hoover, AL

4d•$66,712 - $83,080•Onsite

About The Position

At Regions, the Business Unit Compliance Analyst is a first line of defense risk management function that ensures that business unit activities follow necessary rules and regulations and comply with legal boundaries and jurisdictions. Associates at this level are expected to contribute to workflow or process change and redesign, and to form a strong basic understanding of the specific product or process within a specific line of business. Focus is on execution within defined parameters, with some expansion based on developing capabilities and or experiences.

Requirements

Bachelor’s degree and three (3) years of experience in Compliance, Quality Assurance/Control, Audit, or other related compliance function specific to a line of business
Or High School Diploma or GED and seven (7) years of experience in Compliance, Quality Assurance/Control, Audit, or other related compliance function specific to a line of business
Ability to learn additional systems as needed
Ability to research, analyze data, and derive facts
Ability to work in a team environment when applicable
Ability to work autonomously, with minimal guidance
Ability to work under pressure and meet deadlines
Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)
Strong verbal, written communication, and organizational skills
Strong work ethic and self-motivation
Experience with Excel pivot tables, creating formulas
Experience with Excel Power Query for data extraction, transformation, and automation
Experience using Tableau for dashboard creation and data visualization
Strong understanding of data analysis and data quality validation techniques
Ability to work with large and complex datasets
Familiarity with data reconciliation, exception reporting, and trend analysis
Knowledge of surveillance frameworks, controls testing, and monitoring methodologies
Experience performing first-line activity monitoring, including identifying control gaps and anomalies
Strong understanding of risk and control concepts (e.g. operational risk, compliance risk)
Strong critical thinking and investigative skills
Ability to identify patterns, anomalies, and emerging risks
Root cause analysis and ability to recommend corrective actions
Detail-oriented with a high degree of accuracy and quality control
Strong organizational and time management skills
Ability to work independently and manage multiple priorities
High level of integrity and professionalism
Collaborative mindset with ability to work cross-functionally

Nice To Haves

Master’s degree

Responsibilities

Maintains a proficient knowledge of rules and regulations and their impact on products, services, and operations for a specific line of business
Establishes partnerships with line of business leadership and serves as a consultant on issues related to compliance
Conducts research of laws and regulations that impact the business unit compliance to include partnering with the second line of defense to assess new laws and regulations or changes to existing laws and regulations and how they impact the business group
Researches potential violations to determine potential compliance needs and escalates issues as needed for resolution
Reviews processes and procedures to identify gaps or potential issues
Administers a monitoring and testing program to ensure effective compliance with all applicable laws and regulations
Delivers training to assigned line of business to increase compliance awareness
Gathers information requested by regulatory agencies
Assists with the development of business group policies and procedures
Perform ongoing monitoring and surveillance of first-line activities to ensure adherence to internal policies, procedures, and regulatory requirements
Execute control testing and quality assurance reviews to assess the effectiveness of business processes and controls
Identify, investigate, and document exceptions, anomalies, or control gaps, and escalate issues as appropriate
Conduct data analysis using Excel, Power Query, and Tableau to support surveillance activities and uncover trends or risks
Develop and maintain automated reports, dashboards, and monitoring tools to enhance efficiency and transparency
Perform data validation and reconciliation to ensure accuracy and completeness of surveillance outputs
Stay informed of emerging risks, regulatory changes, and industry best practices to continuously improve surveillance efforts
Ability to develop comprehensive test scripts, procedures, and user guides