Wealth Management Operational Risk 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.

Primary 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

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 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

Skills and Competencies

Attention to detail

Excellent analytical and management reporting skills

Excellent communications skills

Organizational and time management skills

Job Description Specifics

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.

Additional Responsibilities

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

Preferences

CCEP or CFIRS preferred.

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

Additional Skills and Competencies

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

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

Position Type

Full time

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 :

$81,644.20 USD

Median : $103,860.00 USD

Incentive Pay Plans :

This job may participate in an annual discretionary bonus plan.

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

Riverchase Complex North Building

Location : Hoover, Alabama

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.