Governance Risk Compliance Wealth Management Analyst

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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.

Job Description Specifics

The Business Unit Operational Risk Analyst will work within Wealth Management Risk Control to ensure alignment with Compliance Transformation, to include new requirements established related to controls and control inventory, regulatory inventory, and business process mapping. This role will support ongoing and reoccurring Governance Risk and Compliance (GRC) activities and maintenance. This role requires 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.

Primary Responsibilities

• Conducts compliance reviews and provides analysis of business units and processes
• Maintains documentation and reports to management regarding compliance and potential issues
• Provides requested information to management for reporting to agencies regarding Sarbanes Oxley, Bank Secrecy Act/Anti-Money Laundering and Office of Foreign Assets Control compliance
• 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
• Assists in the review of contracts, agreements and statements of work
• Maintains an inventory of key controls across all areas of Wealth Management
• Tracks and updates regulatory inventory with changes affecting Wealth Management activities.
• Facilitates risk related mapping associated with business process mapping.
• Additional support and function will be expanded as capacity allows.

This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.

Requirements

• Bachelor’s degree in a related field and three (3) years' experience in finance, risk or operations, with experience in the specific business line operations
• Or High School Diploma or GED and seven (7) years' experience in finance, risk or operations, with experience in the specific business line operations

Skills and Competencies

• Attention to detail
• Excellent analytical and management reporting skills
• Excellent communications skills
• Organizational and time management skills
• Risk Management
• Strong critical thinking skills
• Ability to manage multiple priorities
• Comfortable working in fast-paced, dynamic environment

Preferences

• Familiarity with control inventory, regulatory inventory, risk related business process mapping functions.
• Familiarity with GRC tooling for risk assessment, controls, and compliance
• Experience using GRC platforms or integrated risk management systems
• Proven ability to support GRC workflows, reporting, and control testing
• Experience working within GRC functions or initiatives
• Experience in risk management and compliance frameworks

This position may be filled at a higher level depending on the candidate’s qualifications and relevant experience.

Position Type

Compensation Details

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, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual 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 level of the position.

Job Range Target:

Minimum:

Median:

Incentive Pay Plans:

Benefits Information

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.

• 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

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.

Location Details

Location:

Equal Opportunity Employer/including Disabled/Veterans

Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.