Operational Risk Analyst - Consumer and Wealth Risk Management

University of Alabama at Birmingham; Birmingham (AL); On-site; USD 81,000 - 104,000; Full time

Job summary

A leading company in Birmingham is seeking an Operational Risk Analyst responsible for advanced operational risk analysis, guiding teams to improve risk management practices. The ideal candidate will have significant experience and a Bachelor’s degree in a related field, with skills in communication, negotiation, and problem-solving.

Qualifications

• 5 years of experience in risk management or related fields.
• Knowledge of Enterprise Governance, Risk Management, and Compliance.
• CPA certification preferred if responsible for Sarbanes-Oxley program.

Responsibilities

• Coordinates risk management across various areas.
• Conducts assessments of business unit exposures.
• Supports the first line of defense with risk metrics.

Skills

Intellectual curiosity

Negotiation skills

Problem-solving skills

Project management

Advanced communication

Education

Bachelor’s degree in Business, Finance, Engineering, Quantitative, Risk

High School Diploma or GED

Tools

SQL

Python

Power BI

Excel

PowerPoint

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 Operational Risk Analyst is responsible for advanced operational risk analysis (identification, measurement, mitigation, monitoring, and reporting) and complex assignments under minimal supervision. This position may design and/or develop risk programs or risk models for the Bank and provides guidance and effective challenge to the first line of defense on implementation, execution and monitoring of the operational risk management framework. This position may also serve as a lead or subject matter expert.

Primary Responsibilities

• Coordinates with internal and external parties in risk management across various areas including financial reporting, stress testing, controls, policy and procedure documentation, governance and reporting activities, and regulatory compliance

• Guides team in improving and providing regular updates to practices, reports, policies, and procedures designed to avoid risks

• Oversees team processes and updates policies to reflect improvements

• Maintains necessary training to stay well informed of regulatory and industry practices

• Supports the first line of defense in investigating, reviewing and providing effective challenge to risk metrics and metric breaches

• Works to limit risk exposure including those resulting from human error, transaction, processing failure, external events, threats to information systems, data integrity and fraudulent activities

• Works with business units to understand business, drivers, concerns, future plans and offer support to mitigate risk

• Conducts assessments of business unit exposures and new business initiatives, identifying risks, evaluating their potential impact and reviewing the strengths and weaknesses of the firm's existing controls

• Provides regulatory exam support by compiling requested information and developing materials, as needed

• Continuously monitors control compliance and prevalent risk environment to ensure that exposures are kept at acceptable levels

• Supports the first line of defense with the evaluation and remediation of operational risk/loss events including root cause analysis and process improvement recommendations; may oversee and monitors remediation plans

• May assist in developing metrics, models and tools to create and analyze Operational Risk Loss Estimates and other capital planning documentation

• May design, develop, and implement independent reporting and/or financial analysis to assist in oversight

• Acts as a liaison between third line and first line of defense.

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 Business, Finance, Engineering, Quantitative, Risk or related field and five (5) years of experience in risk management, consulting, technology, business analytics, data management or financial industry

• Or High School Diploma or GED and seven (7) years of experience in risk management, consulting, technology, business analytics, data management or financial industry

Preferences

• Knowledge of Enterprise Governance, Risk Management and Compliance (EGRC) technologies•Knowledge of the Committee of Sponsoring Organizations (COSO) framework, digital compliance, data management standards, financial statement reporting risk, internal controls, and United States generally accepted accounting principles (GAAP)

• Experience with data visualization and programming software (e.g. Structured Query Language/SQL, Python, R, Power Business Intelligence/Power BI, or related database reporting software)

• Exposure to Agile practices and tools

• Prior experience with performance improvement work

• Certified Public Accountant (CPA), if responsible for Sarbanes-Oxley program design

Skills and Competencies

• A self-starter with high level of intellectual curiosity

• Advanced knowledge of enterprise and operational risk management framework and principles

• Advanced proficiency with Microsoft Products (Excel, PowerPoint, Power BI, Teams, Visio, SharePoint)

• Advanced communication skills, both developing deliverables and presenting to professionals at all levels

• Advanced knowledge of risk and control self-assessment methodologies, process, and tools

• Advanced negotiation skills

• Advanced project management and multi-tasking skills with demonstrated ability to manage expectations and deliver results

• Familiarity with financial and/or non-financial risk management strategies

• High degree of problem-solving skills with ability to understand processes and technology

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

50th Percentile:

$103,860.00 USD

Incentive Pay Plans:

Location:

Birmingham, 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.