Wealth Management Operational Risk Analyst

Regions Bank•Hoover, AL

10d

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 help ensure that new initiatives and emerging and existing issues are managed in compliance with regulatory and legal requirements per the organization’s policy. The strategic and innovative-driven analyst will support Wealth Management Risk Control with new initiatives driven by the enterprise as well as manage emerging issues across Wealth Management Risk Control. This role requires a proactive problem solver with 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 five (5) years' experience in finance, risk or operations, with experience in the specific business line operations
Or High School Diploma or GED and nine (9) 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
Project management
Strong critical thinking skills
Ability to manage multiple priorities
Experience in issue tracking and resolution
Comfortable working in fast-paced, dynamic environments

Nice To Haves

CCEP or CFIRS preferred.
Background in financial services strategy, operations, compliance, or risk management.

Responsibilities

Conducts compliance reviews and provides oversight of legal entities, business units and processes
Maintains documentation and reports to management regarding compliance and potential issues
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
Analyzes and tests assigned business initiatives for adherence to policy
Assists in the review of contracts, agreements and statements of work
Prepares and maintains risk management documentation and risk reports
Provides timely update of operational risk issues and decisions to managers
Leads development of the overall risk assessment program and action plans to mitigate operational risks
May supervise day-to-day work of other professional level operational risk associates
Develops and implements strategic initiatives
Monitors and assesses organizational issues and recommends solutions
Collaborates with stakeholders to align initiatives with business goals
Tracks progress and measures impact of initiatives
Tracks progress and measures impact of issues
Facilitates cross-functional communication and issues resolutions