Operational Risk Analyst - Corporate Banking Group

Regions Bank; Birmingham (AL); On-site; USD 75,000 - 92,000; Full time

Benefits offered by this job

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

Volunteer Program

Job summary

Regions Bank in Hoover, Alabama seeks an experienced Business Unit Operational Risk Analyst to ensure line-of-business operations comply with regulatory requirements and corporate policy.

You will work within the first line of defense, perform risk assessments, review contracts, and develop risk reports, driving effective risk mitigation and timely updates to leadership.

Qualifications

• Bachelor’s degree or GED with significant experience in finance, risk or operations.
• Experience in the specific business line operations is required.
• Strong analytical and reporting capabilities are essential.

Responsibilities

• Conducts compliance reviews and oversees legal entities, business units and processes.
• Maintains documentation and reports to management regarding compliance and issues.
• Analyzes the execution of the operational risk framework including risk assessments and events.
• Tests assigned initiatives for policy adherence and reviews contracts and statements of work.
• Prepares and maintains risk management documentation and risk reports.

Skills

Attention to detail

Analytical skills

Reporting skills

Communication skills

Time management

Education

Bachelor's degree in related field

High School Diploma or GED with 9 years' experience

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.

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 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
• Leadsdevelopment of the overallrisk assessment program and action plans to mitigate operational risks
• May supervise day-to-day work of other professional leveloperational 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

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:

$83,504.85 USD

_ Median: _

$107,120.00 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

https://www.regions.com/about-regions/welcome-portal/benefits

Location Details

Riverchase Operations Center

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.