Human Resources Risk & Compliance Analyst

Regions Bank•Hoover, AL

17d•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.

Requirements

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
Or 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
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 confidential data, with emphasis on data accuracy
Risk management knowledge to include an understanding of the foundational elements of risk management and exposure to working with technology and data related risks and controls
Experience with the review and implementation of new regulatory requirements, and compliance related monitoring/testing for adherence to regulations
Successful individuals in this role are proactive in recognizing needs to enhance risk management with use of sound judgment and effective communication with the HR Risk and Compliance team, Managers within HR and other internal partners

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
Partner with assigned areas within Human Resources on risk management initiatives and remediation of compliance or operational risk issues
Monitor/test human resources processes to verify operational effectiveness and compliance with laws, providing guidance to Human Resources team members when needed based on results of monitoring/testing
Assist with review and implementation of new employment related local, state, and federal compliance requirements
Develop and review procedures and written controls in Human Resources for compliance and operational effectiveness
Function as Business Resilience Coordinator for Human Resources, supporting specific processes and testing of activities to verify business continuity
Ensure critical data accuracy in all functions