LFI Readiness Program Senior Analyst

Western Alliance Bank • Columbus, OH

10d

About The Position

The LFI Readiness Senior Analyst will be responsible for assisting the LFI Program Office, including Head of LFI Program with executing the Bank’s LFI Readiness Program to ensure compliance with Regulation YY Category 4 and related regulations. In addition, this individual will be a key part of development of LFI Readiness Program framework, governance, and oversight to monitor, evaluate, and report on the effectiveness of program itself as well as each project being completed within LFI Program. This role reports to the LFI Readiness Manager and is responsible for assisting with tracking the LFI readiness program with a specific focus on the project financials. This role needs to be able to communicate financial information for the program in collaboration with FP+A, Accounting, and EPMO. This role will be highly focused on ensuring budget metrics including capitalized expenses and statements of work for all related LFI program work is being tracked and recorded accurately. Collaborate with key stakeholders including IT, FP&A, Accounting, and EPMO to ensure LFI Program Office (LFIPO) has all critical information from areas to make necessary decisions especially related to budget decisions. Challenge workstream business owners with assistance of other team members and co-source SMEs to ensure identified items are captured and tie back to regulatory requirements. Ensure with Head of LFI Program Office ongoing compliance with FRB Regulation YY and related Enhanced Prudential Standards (EPS). Track and analyze regulatory updates and assist in implementing necessary program changes, as needed. Assist with the preparation of RFPs and SOWs for engaging third party partners in individual workstreams. Ensure implementation of LFIPO and related policies across business units (such as Software Capitalization) and monitor adherence. Work closely with internal audit, compliance, strategic partner, and legal teams to align with regulatory requirements as they related to LFIPO and Bank. Provide support in coordinating communications with internal audit, compliance, strategic partner, and legal teams as well as external regulators. This includes data collection for reporting in conjunction with Regulatory Relations related to project financials and progress. Facilitate coordinating cross-functional teams to ensure that LFI readiness initiatives are implemented smoothly and on time. Assist with tracking and monitoring project deliverables related to the program and reporting progress especially focused on budget and time tracking. Coordinate, maintain documentation related to budget activities for the LFI Program including requests for proposals, statements of work, invoices, accruals, etc. Help develop and distribute training materials related to tracking of spend for LFI readiness efforts and capitalization of those efforts. Support the delivery of training sessions to staff across various departments to raise awareness on LFI readiness budget and tracking of progress towards milestones. Monitor training completion and ensure adherence to compliance learning objectives. Assist with monitoring logs of identified issues during work by Senior Analyst and third party related to EPS compliance and track their resolution with reporting to Head of LFI Program. Assist in developing action plans to address gaps in compliance and monitor remediation efforts to be approved by Head Of LFI Program. The responsibilities listed are supportive of the LFI Program Office and may encompass additional activities as LFIPO matures.

Requirements

• Bachelor’s degree in Accounting, Finance, Business Administration, or another related field required.
• Minimum of 2 years of experience with increasing responsibility in regulatory compliance or other area at a bank, relevant internal audit experience, capital, and liquidity and/or public accounting advisory experience required.
• Intermediate to advanced knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
• Intermediate to advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
• Intermediate to advanced ability to maintain relationships across various levels of the organization, influence others beyond direct team and collaborate with various stakeholders including executive leadership to drive and implement change.
• Working knowledge of Reg YY and other related regulations or strong willingness to spend significant effort learning.
• Must be highly effective at project management and oversight of team project management as well as communicating issues through emails, written reports/formal memos, verbal discussions, ad-hoc conversations/questions.
• Exceptional organizational skills.
• Advanced speaking and writing communication skills.
• Intermediate to advanced proficiency in Microsoft Office applications.
• Ability to travel regionally up to 25%

Nice To Haves

• Master’s degree in relevant field is a plus.
• Experience with other applications is a plus.

Responsibilities

• Assisting the LFI Program Office with executing the Bank’s LFI Readiness Program
• Development of LFI Readiness Program framework, governance, and oversight
• Tracking the LFI readiness program with a specific focus on the project financials
• Communicating financial information for the program in collaboration with FP+A, Accounting, and EPMO
• Ensuring budget metrics including capitalized expenses and statements of work for all related LFI program work is being tracked and recorded accurately
• Collaborating with key stakeholders including IT, FP&A, Accounting, and EPMO
• Challenging workstream business owners with assistance of other team members and co-source SMEs
• Ensuring ongoing compliance with FRB Regulation YY and related Enhanced Prudential Standards (EPS)
• Tracking and analyzing regulatory updates and assist in implementing necessary program changes, as needed
• Assisting with the preparation of RFPs and SOWs for engaging third party partners in individual workstreams
• Ensuring implementation of LFIPO and related policies across business units (such as Software Capitalization) and monitor adherence
• Working closely with internal audit, compliance, strategic partner, and legal teams to align with regulatory requirements
• Providing support in coordinating communications with internal audit, compliance, strategic partner, and legal teams as well as external regulators
• Facilitating coordinating cross-functional teams to ensure that LFI readiness initiatives are implemented smoothly and on time
• Assisting with tracking and monitoring project deliverables related to the program and reporting progress especially focused on budget and time tracking
• Coordinating, maintain documentation related to budget activities for the LFI Program including requests for proposals, statements of work, invoices, accruals, etc
• Helping develop and distribute training materials related to tracking of spend for LFI readiness efforts and capitalization of those efforts
• Supporting the delivery of training sessions to staff across various departments to raise awareness on LFI readiness budget and tracking of progress towards milestones
• Monitoring training completion and ensure adherence to compliance learning objectives
• Assisting with monitoring logs of identified issues during work by Senior Analyst and third party related to EPS compliance and track their resolution with reporting to Head of LFI Program
• Assisting in developing action plans to address gaps in compliance and monitor remediation efforts to be approved by Head Of LFI Program

Benefits

• competitive salaries
• an ownership stake in the company
• medical and dental insurance
• time off
• a great 401k matching program
• tuition assistance program
• an employee volunteer program
• a wellness program

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees