Governance Risk Compliance Wealth Management Analyst

Regions Bank•Hoover, AL

3d•Onsite

About The Position

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. 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.

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
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

Nice To Haves

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

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.