Operational Risk Analyst - Consumer and Wealth Risk Management

Regions Bank; Nashville (TN); On-site; USD 81,000 - 104,000; Full time

Job summary

Regions Bank seeks an Operational Risk Analyst to perform advanced risk analysis for the Consumer and Wealth Risk Management team. This full-time role involves managing risks, supporting regulatory compliance, and enhancing operational frameworks. Candidates should possess relevant experience in risk management and hold a Bachelor's degree.

Benefits

Paid Vacation/Sick Time

401K with Company Match

Medical, Dental, and Vision Benefits

Disability Benefits

Flex Spending Account

Life Insurance

Qualifications

• 5 years experience in risk management, consulting, or financial industry.
• Knowledge of EGRC technologies and COSO framework preferred.
• Experience with data visualization tools like SQL, Python, or Power BI.

Responsibilities

• Conducts advanced operational risk analysis and provides guidance.
• Coordinates with internal parties on risk management practices.
• Monitors control compliance and mitigates risk exposure.

Skills

Analytical Skills

Advanced Communication Skills

Problem-Solving Skills

Education

Bachelor’s degree in Business, Finance, Engineering, Quantitative, or Risk-related field

High School Diploma or GED

Tools

SQL

Power BI

Microsoft Excel

Job description

Operational Risk Analyst - Consumer and Wealth Risk Management

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Operational Risk Analyst - Consumer and Wealth Risk Management

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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.

Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions’ Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.

Job Description

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
  
  

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.

Minimum

Job Range Target:

$81,644.20 USD

Median

$103,860.00 USD

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.

https://www.regions.com/welcometour/benefits.rf

Location Details

Regions Center

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.

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Banking

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