Enterprise Compliance Analyst

Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.

At Regions, the Enterprise Risk Testing Analyst is a second line of defense risk management function that ensures the development and maintenance of a strong risk culture by developing and maintaining a program infrastructure that measures, monitors, and reports compliance with applicable laws, regulations and rules that govern a specific line of business and/or adherence to policies and procedures to ensure controls established are operationally effective to mitigate risk. Associates at this level should have full ownership of one or more processes, reports, procedures, or products, and are considered analytical or procedural experts within a specific line of business, risk area, or program.

Primary Responsibilities

• Serves as subject matter expert in compliance and operational risk to effectively execute testing activities
• Maintains advanced knowledge of rules and regulations and their impact on products, services, and operations for a specific line of business or program
• Maintains advanced knowledge of Regions products and services, as well as systems supporting them, to evaluate if the products/services and systems are performing as designed to meet regulatory requirements and are operating effectively
• Maintains advanced knowledge and understanding of risk management concepts around risks and controls and key operational processes
• Assists with the administration of a monitoring and testing program to report on effectiveness of controls against expected outcomes to meet all applicable laws and regulations or operational processes
• Focuses on the resolution of complex problems or transactions, where expertise is required to interpret the results against policies, guidelines, or processes
• Conducts transaction testing activities, analyzes results and documents findings
• Drafts summary of testing results for distribution to key stakeholders
• Collaborates with key stakeholders in executing the testing program
• Supervises day-to-day work of other professional level risk testing associates on occasion
• Assists in oversight activities for the team as needed
• Performs and participates in various projects as needed

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

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

Requirements

• Bachelor's degree and five (5) years of experience in Compliance, Operational Risk, Quality Assurance/Control, Audit, or other related risk function specific to a line of business or program
• Or High School Diploma and nine (9) years of experience in Compliance, Operational Risk, Quality Assurance/Control, Audit, or other related risk function specific to a line of business or program

Preferences

• Relevant certifications and/or licenses, such as:
• Certified Regulatory Compliance Manager (CRCM)
• Certified Anti Money Laundering Specialist (CAMS)
• Certified Information Security Auditor (CISA)
• Financial Risk Manager (FRM)
• Financial Industry Regulatory Authority (FINRA) Licenses

Skills and Competencies

• Ability to mentor and train junior associates
• Ability to research, analyze data, and derive facts
• Ability to work in a team environment when applicable
• Ability to work independently, with limited guidance
• Ability to work under pressure and meet deadlines
• Demonstrated leadership capabilities
• Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)
• Strong verbal, written communication, and organizational skills
• Strong work ethic and self-motivation
• Responsible for overseeing development and creation of internal processes and controls specific to the Enterprise Compliance Monitoring team.
• Master at public speaking in high profile meetings and engagements with senior and executive leaders, while communicating requirements and best practices to all three lines of defense.
• Operates within established SLAs and advocates for change management and opening of findings when applicable.
• Advanced knowledge of banking regulations and in-depth knowledge of utilizing regulation text resources for compliance citations of regulatory requirements.

Compliance Monitoring Process:

• Advanced experience with building a compliance monitoring program from the ground up, inclusive of controls and reporting routines. This includes creation and maintenance of QC and reporting templates/tools leveraged for facilitating quality oversight and adherence monitoring reviews.
• Experience with creating and delivering education material for large audience consumption. This includes providing training to 1LOD/Enterprise Support Units and 2LOD in the form of Lunch & Learn sessions and Open Office Hours.
• Execute ongoing QC reviews of all inventoried compliance monitoring activities, including confirming procedures contain required components, activities are reported timely, and exceptions are handled and escalated when required. Identify trends and report compliance concerns including advocating for findings to be opened when warranted.
• Advanced experience with control documentation and evidence based evaluation.
• Experience with Archer (GRC) platform used to track and report metrics, issues management, and control effectiveness ratings. This includes reviewing and summarizing trends and target/threshold breaches for periodic reporting and ad hoc requests
• Create, maintain, and/or facilitate compliance monitoring oversight reports from executed monitoring activities and present information in appropriate forums (CRMC, Working Groups, etc.).
• Escalate instances of Compliance Monitoring Standard non-adherence to Compliance Execution Leader and key stakeholders.
• Identify opportunities for improvement to drive timeliness / accuracy metrics in the compliance monitoring activity oversight processes.
• Act as the primary liaison for Internal Audit and regulatory examination compliance information requests:
  • Tracking of requests
  • Coordination of meetings
  • Coordination of deliverables
  • Engagement with Enterprise Compliance management and compliance monitoring activity owners for awareness and guidance prior to submission of deliverables

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:

50th Percentile:

Incentive Pay Plans:

Bring Your Whole Self to Work

We have a passion for creating an inclusive environment that promotes and values diversity of race, color, national origin, religion, age, sexual orientation, gender identity, disability, veteran status, genetic information, sex, pregnancy, and many other primary and secondary dimensions that make each of us unique as individuals and provide valuable perspective that makes us a better company and employer. More importantly, we recognize that creating a workplace where everyone, regardless of background, can do their best work is the right thing to do.

OFCCP Disclosure: Equal Opportunity Employer/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.