HR Risk & Compliance Analyst

Regions Financial Corporation; Hoover (AL); On-site; USD 67,000 - 83,000; Full time

Job summary

Regions in Hoover, Alabama is seeking a Business Unit Compliance Analyst to support first-line risk management. The role focuses on ensuring regulatory adherence and collaborating with lines of business to implement compliant processes.

The ideal candidate will have experience in compliance, QA/control, or audit, plus strong analytical and written communication skills. This exempt position involves various regulatory responsibilities and policy development support.

Qualifications

• Bachelor’s degree and three (3) years of experience in Compliance, Quality Assurance/Control, Audit, or related compliance function.
• Or High School Diploma or GED and seven (7) years of experience in Compliance, Quality Assurance/Control, Audit, or related compliance function.

Responsibilities

• Maintain knowledge of rules and regulations and their impact on products/services for a specific line of business.
• Partner with leadership to advise on compliance issues.
• Research laws and assess changes with second line of defense involvement.
• Identify potential violations and escalate for resolution.
• Administer monitoring and testing to ensure regulatory compliance.
• Deliver compliance training to the line of business.

Skills

Regulatory research

Data analysis

Team collaboration

Autonomy

Deadline management

Microsoft Office

Education

Bachelor's degree in a relevant field

High School Diploma or GED with 7 years of experience

Tools

GRC software

Regulatory tracking tools

HRIS systems

Job description

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 Business Unit Compliance Analyst is a first line of defense risk management function that ensures that business unit activities follow necessary rules and regulations and comply with legal boundaries and jurisdictions. Associates at this level are expected to contribute to workflow or process change and redesign, and to form a strong basic understanding of the specific product or process within a specific line of business. Focus is on execution within defined parameters, with some expansion based on developing capabilities and or experiences.

Primary Responsibilities

• Maintains a proficient knowledge of rules and regulations and their impact on products, services, and operations for a specific line of business
• Establishes partnerships with line of business leadership and serves as a consultant on issues related to compliance
• Conducts research of laws and regulations that impact the business unit compliance to include partnering with the second line of defense to assess new laws and regulations or changes to existing laws and regulations and how they impact the business group
• Researches potential violations to determine potential compliance needs and escalates issues as needed for resolution
• Reviews processes and procedures to identify gaps or potential issues
• Administers a monitoring and testing program to ensure effective compliance with all applicable laws and regulations
• Delivers training to assigned line of business to increase compliance awareness
• Gathers information requested by regulatory agencies
• Assists with the development of business group policies and procedures

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

Requirements

• Bachelor’s degree and three (3) years ofexperience in Compliance, Quality Assurance/Control, Audit, or other related compliance function specific to a line of business
• Or High School Diploma or GEDand seven (7) years of experience in Compliance, Quality Assurance/Control, Audit, or other related compliance function specific to a line of business

Preferences

• Master’s degree

Skills and Competencies

• Ability to learn additional systems as needed
• Ability to research, analyze data, and derive facts
• Ability to work in a team environment when applicable
• Ability to work autonomously, with minimal guidance
• Ability to work under pressure and meet deadlines
• Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)
• Strong verbal, written communication, and organizational skills
• Strong work ethic and self-motivation

Additional Responsibilities

• Conduct regulatory change management process to include review and tracking of new local, state, and federal regulations impacting employers and implementation of compliance requirements
• Reconcile (weekly/quarterly) regulatory changes
• Maintain HR regulatory inventory items and documentation
• Conduct state workforce change monitoring to maintain awareness of related regulatory impacts
• Test human resources processes with GRC controls to verify operational effectiveness and compliance with laws and provide guidance to Human Resources team members on results
• Develop new or modifications to testing plans and maintain related schedules, testing calendar, procedures, and communications.
• Verify and test new regulatory compliance implementations
• Participate in HR Risk and Compliance’s review of policies, standards, and rules on compliance related content.
• Perform metric and committee reporting and prepare reports in spreadsheet and slide form, for compliance and other risk management purposes.
• Compliance Training coordinator for Human Resources
• Manage annual federal compliance processes applicable to large employers and federal contractors
• Maintain and update HR Risk & Compliance procedures including coordination of annual reviews
• Fulfill information requests for Internal Audit, external auditors, 2nd line risk groups
• Ongoing functions associated with third party risk management monitoring for Human Resources
• Ensure critical data accuracy in all functions

Additional Preferences

• Strong technical/detail orientation
• Experience working with data with emphasis on data accuracy
• Strong Excel skills with experience working with pivot tables
• Risk management knowledge to include an understanding of the foundational elements of risk management with experience in operational and/or compliance risk.
• Experience with review of new regulatory requirements involving substantial review of written materials, implementation of regulations and monitoring for adherence
• Proactive in recognizing needs to enhance risk management with use of sound judgment and effective communication within the HR Risk and Compliance team, with stakeholders in HR, and other internal partners.
• Successful individuals in this role are very self-starting/self-directed, ensuring deadlines are met.

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

Regions will not sponsor applicants for work visas for this position at this time. Applicants for this position must be currently authorized to work in the United States on a full-time basis.

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:

$66,712.25 USD

50th Percentile:

$83,080.00 USD

Incentive Pay Plans:

This job is not incentive eligible.

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.