HR Risk & Compliance Analyst

Regions Bank•Hoover, AL

2d•$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. This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay. This position may be filled at a higher level depending on the candidate’s qualifications and relevant experience. Regions will not sponsor applicants for work visas for this position at this time. Applicants for this position must be currently authorized to work in the United States on a full-time basis.

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

Nice To Haves

Master’s degree
Strong technical/detail orientation
Experience working with data with emphasis on data accuracy
Strong Excel skills with experience working with pivot tables
Risk management knowledge to include an understanding of the foundational elements of risk management with experience in operational and/or compliance risk.
Experience with review of new regulatory requirements involving substantial review of written materials, implementation of regulations and monitoring for adherence
Proactive in recognizing needs to enhance risk management with use of sound judgment and effective communication within the HR Risk and Compliance team, with stakeholders in HR, and other internal partners.
Successful individuals in this role are very self-starting/self-directed, ensuring deadlines are met.

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
Conduct regulatory change management process to include review and tracking of new local, state, and federal regulations impacting employers and implementation of compliance requirements
Reconcile (weekly/quarterly) regulatory changes
Maintain HR regulatory inventory items and documentation
Conduct state workforce change monitoring to maintain awareness of related regulatory impacts
Test human resources processes with GRC controls to verify operational effectiveness and compliance with laws and provide guidance to Human Resources team members on results
Develop new or modifications to testing plans and maintain related schedules, testing calendar, procedures, and communications.
Verify and test new regulatory compliance implementations
Participate in HR Risk and Compliance’s review of policies, standards, and rules on compliance related content.
Perform metric and committee reporting and prepare reports in spreadsheet and slide form, for compliance and other risk management purposes.
Compliance Training coordinator for Human Resources
Manage annual federal compliance processes applicable to large employers and federal contractors
Maintain and update HR Risk & Compliance procedures including coordination of annual reviews
Fulfill information requests for Internal Audit, external auditors, 2nd line risk groups
Ongoing functions associated with third party risk management monitoring for Human Resources
Ensure critical data accuracy in all functions