Governance Risk Compliance Wealth Management Analyst

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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.

Specifics The Business Unit Operational Risk Analyst will work within Wealth Management Risk Control to ensure alignment with Compliance Transformation, to include new requirements established related to controls and control inventory, regulatory inventory, and business process mapping. This role will support ongoing and reoccurring Governance Risk and Compliance (GRC) activities and maintenance. This role requires strong analytical skills and the ability to collaborate across departments to drive impactful outcomes. The analyst will work in the first line across the lines of business in Wealth Management Risk Control.

Conducts compliance reviews and provides analysis of business units and processes Maintains documentation and reports to management regarding compliance and potential issues Provides requested information to management for reporting to agencies regarding Sarbanes Oxley, Bank Secrecy Act/Anti-Money Laundering and Office of Foreign Assets Control compliance 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 Assists in the review of contracts, agreements and statements of work Maintains an inventory of key controls across all areas of Wealth Management Tracks and updates regulatory inventory with changes affecting Wealth Management activities. Facilitates risk related mapping associated with business process mapping. Additional support and function will be expanded as capacity allows. This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.

Bachelor’s degree in a related field and three (3) years' experience in finance, risk or operations, with experience in the specific business line operations Or High School Diploma or GED and seven (7) 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