Compliance Analyst II

Paychex•City of Rochester, NY

About The Position

Provides strong compliance support to internal business partners. Ensures timely and accurate problem resolution while mitigating risk exposure. Paychex is reimagining how businesses manage their workforce by bringing payroll, HR, benefits, and advisory services together into a single connected HCM platform. As Paychex and Paycor come together, we're combining innovative technology, data-driven insights, AI, and human expertise to help organizations work smarter, support their people, and achieve better business outcomes. This is an exciting time to join our team as we continue to invest in innovation, simplify client experiences, and shape the future of work. At Paychex, you'll have the opportunity to grow your career, make a meaningful impact, and be part of something bigger as One Paychex.

Requirements

4 years of experience in Related field.
Bachelor's Degree

Nice To Haves

Communication
Management
Sales
Investigation
Information Gathering
Auditing
Marketing
New Product Development
Business Continuity
Customer Support
Financial Industry Regulatory Authorities
Risk Management
Sales Presentations
Risk Mitigation
Regulatory Compliance

Responsibilities

Conducts research on complex compliance risk-centric issues impacting Paychex products and services, including proactive identification of regulatory and legislative developments which may provide business opportunity or challenges to the company, to support stakeholders in strategic business decisions. Recommends changes to products or services based on research and analysis.
Develops and maintains constructive, influential relationships with internal and external business partners to ensure compliance needs are properly communicated and executed, as well as to minimize impact/cost of compliance to Paychex. Takes a leadership role in the management of the company’s relationships with external regulators and agencies, vendors, and other key parties. May represent the company as needed on industry groups/coalitions.
Assesses compliance implications of potential acquisitions, new products and product enhancements, advertising/marketing/training materials, and other corporate strategic initiatives to ensure compliance objectives are achieved.
Serves as subject matter expert on assigned Paychex products and services, including laws/regulations, enacted and proposed legislation, official guidance, trends, and industry best practices applicable to assigned area of responsibility. Partners with and makes recommendations to Compliance leadership and business management to ensure compliance with pertinent federal, state, local, and international regulatory requirements and company policies.
Participates and/or leads complex compliance projects and engages business partners for participation, as needed, to support strategic business initiatives.
Works closely with the Compliance leadership team to support the formulation of department policies, strategic plans, and standards in carrying out the objectives of the Paychex Compliance function.
Provides actionable, comprehensive risk analysis on complex regulatory and other compliance matters to internal partners where necessary and as requested. Proactively prepares regular gap and other needs-based analysis and provides risk mitigation measures relative to Paychex products and services to provide risk mitigation measures.
Creates opportunities for business partner continuous learning through compliance alerts, weekly letters, webinars, training sessions, and newsletters.
Other duties as assigned to support the general purpose of the position’s function.