Wealth Management Operational Risk Analyst at Regions Bank Hoover, AL

Job Description

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.

• 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

• Bachelor’s degree in a related field and five years of experience in finance, risk or operations, with experience in the specific business line operations
• High School Diploma or GED and nine years of 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

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.

• 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
• Facilitates cross-functional communication and issue resolutions

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

• 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

Full time

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and performance in the job role. Pay will vary among associates within the same job. The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and the level of the position.

Minimum: $81,644.20 USD. Median: $ USD. This job may participate in an annual discretionary bonus plan.

• Paid Vacation/Sick Time
• 401K with Company Match
• Medical, Dental and Vision Benefits
• Disability Benefits
• Health Savings Account
• Flexible Spending Account
• Life Insurance
• Parental Leave
• Employee Assistance Program
• Associate Volunteer Program

Riverchase Complex North Building, Hoover, Alabama

Including Disabled/Veterans