Business Unit Operational Risk Analyst

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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
• Leads development of the overall risk assessment program and action plans to mitigate operational risks
• Requirements
  • Bachelor’s degree in a related field and seven (7) years’ experience in finance, risk or operations, with experience in the specific business line operations
  • Or High School Diploma or GED and eleven (11) 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

  Highly Preferred Skills

  • Experience writing and revising desktop procedures
  • Experience in Financial Crimes (BSA/Fraud)
  • Lead multiple tasks or initiatives at the same time
  • Project Management experience
  • Previous experience in Governance or a similar type of role
  • Prior experience creating executive level reports
  • SharePoint experience, to include the publication and retention of procedure libraries
  • Create or modify process maps using Visio
  • Provide effective challenge to business units
  • This position may be filled at a higher level depending on the candidate’s qualifications and relevant experience.
  • This position must be within a reasonable driving distance to a Branch, Consumer Operations, or Professional Office Building with the primary location being for Birmingham, AL, Nashville, TN, Atlanta, GA or Charlotte, NC. Regions will not provide relocation assistance for this position, and relocation would be at your expense. Exceptions to the geographic location requirement may be made for current Regions associates who work remotely.

  May supervise day-to-day work of other professional level operational risk associates