Corporate Compliance Analyst

Regions Bank•Birmingham, AL

About The Position

At Regions, the Corporate Compliance Analyst is a second line of defense risk management function that ensures the development and maintenance of a strong compliance culture by developing and maintaining a program infrastructure that identifies, measures, and monitors compliance with all applicable laws, regulations, and rules that govern a specific line of business. Associates at this level should have full ownership for one or more processes, reports, procedures, or products, and are also considered analytical or procedural experts within a specific line of business.

Requirements

Bachelor’s degree and six (6) 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 ten (10) years of experience in compliance, quality assurance/control, audit, or other related compliance function specific to a line of business
Knowledge of legal and regulatory environment as it relates to compliance in a specific 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 under limited guidance
Ability to work under pressure and meet deadlines
Demonstrated leadership capabilities
Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)
Strong verbal, written communication, and organizational skills
Strong work ethic and self-motivation

Nice To Haves

Certified Regulatory Compliance Manager (CRCM)
Experience with Governance, Risk Management and Compliance (GRC) tools
Banking or risk related certifications obtained or in progress (e.g., Certified Fraud Examiner (CFE), Certified Public Accountant (CPA), Certified Enterprise Risk Manager (CERM), NACHA accreditation)
Ability to articulate risks in a coherent way that prompts remedial action
Ability to ask intelligent questions to gain understanding and provide effective challenge
Ability to solve problems and implement effective solutions
Ability to take initiative, be self-directed, and independently ask for work when needed

Responsibilities

Maintains a proficient knowledge of rules and regulations and their impact on products, services, and operations for a specific line of business
Establishes line of business partnerships and serving as a subject matter expert to the business groups on issues related to compliance
Conducts research of laws and regulations that impact compliance to include monitoring for new laws and regulations or changes to existing laws and regulations and providing communication to appropriate lines of business which will be impacted by these changes
Administers a monitoring and testing program to ensure effective compliance with all applicable laws and regulations
Gathers information requested by regulatory agencies
Focuses on the resolution of complex problems or transactions, where expertise is required to interpret against policies, guidelines, or processes
May supervise day-to-day work of other professional level compliance associates
Offers advice and guidance to junior associates for sake of continuous improvement
Performs ongoing monitoring of Regions' control environment through analyzing findings, metrics, losses, risk events, organizational changes, and legal & regulatory changes
Performs risk "deep dives" into areas of Regions' control environment to assess areas of elevated risks
Serves as an operational risk subject matter expert and trusted risk advisor with advanced ability to identify & articulate risk from a business perspective
Supports or leads development of operational risk Programs, Standards, or Frameworks
Supports or leads efforts to remediate (or challenge the 1st Line's remediation of) high criticality findings and/or regulatory matters