HR Risk & Compliance Analyst

Regions Bank•Hoover, AL

1d•Onsite

About The Position

The HR Risk & Compliance Analyst is a first-line-of-defense risk management role focused on ensuring that Human Resources activities comply with applicable laws, regulations, legal boundaries, and jurisdictions. The role administers defined procedures, conducts analysis, prepares reports, and delivers routine outputs while developing knowledge of the broader business context. It may be filled at a higher level depending on the candidate’s qualifications and relevant experience. The position supports regulatory change management, HR process testing, compliance training, annual federal compliance processes, policy and procedure reviews, third-party risk monitoring, and requests from auditors and risk groups. It also maintains regulatory inventories and documentation, tracks regulatory changes, produces metrics and committee reports, and helps HR colleagues understand testing results and compliance requirements. Applicants must be currently authorized to work in the United States on a full-time basis; Regions will not sponsor work visas for this position.

Requirements

Bachelor’s degree in Business, Finance, Audit, or a related field; or a high school diploma or GED and four years of related work experience.
Ability to learn additional systems as needed.
Ability to research and analyze data and derive facts.
Ability to work in a team environment when applicable.
Proficiency in Microsoft Office, including Excel, Word, PowerPoint, and Outlook.
Strong verbal and written communication and organizational skills.
Strong work ethic and self-motivation.
Currently authorized to work in the United States on a full-time basis.

Nice To Haves

Master’s degree.
Experience in Compliance, Quality Assurance/Control, Audit, or another related compliance function specific to a line of business.
Strong technical and detail orientation.
Experience working with data, with an emphasis on data accuracy.
Strong Excel skills, including experience with pivot tables.
Risk-management knowledge, including foundational risk-management elements and experience in operational and/or compliance risk.
Experience reviewing new regulatory requirements, including substantial review of written materials, implementation of regulations, and monitoring for adherence.
Proactive judgment and effective communication with the HR Risk and Compliance team, HR stakeholders, and other internal partners.
Self-starting and self-directed approach to ensure deadlines are met.

Responsibilities

Maintain knowledge of rules and regulations and their impact on products, services, and operations in the relevant line of business.
Research laws and regulations affecting business-unit compliance, including partnering with the second line of defense to assess new or changing requirements and their impact.
Research potential violations, identify compliance needs, and escalate issues for resolution as needed.
Review processes and procedures to identify gaps or potential issues.
Assist in administering monitoring and testing programs to ensure compliance with applicable laws and regulations.
Assist with gathering information requested by regulatory agencies.
Assist with developing business-group policies and procedures.
Conduct regulatory change management, including reviewing and tracking new local, state, and federal regulations affecting employers and implementing compliance requirements.
Reconcile regulatory changes weekly or quarterly and maintain HR regulatory inventory items and documentation.
Monitor state workforce changes to identify related regulatory impacts.
Test HR processes with GRC controls to verify operational effectiveness and compliance with laws, and provide guidance to HR team members on results.
Develop or modify testing plans and maintain related schedules, testing calendars, procedures, and communications.
Verify and test new regulatory compliance implementations.
Participate in HR Risk and Compliance reviews of policies, standards, and rules for compliance-related content.
Perform metric and committee reporting and prepare reports in spreadsheets and slides for compliance and other risk-management purposes.
Coordinate compliance training for Human Resources.
Manage annual federal compliance processes applicable to large employers and federal contractors.
Maintain and update HR Risk & Compliance procedures, including coordinating annual reviews.
Fulfill information requests from Internal Audit, external auditors, and second-line risk groups.
Perform ongoing third-party risk-management monitoring functions for Human Resources.
Ensure critical data accuracy across all functions.