What are the responsibilities and job description for the Operational Risk Analyst position at Regions?
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 intermediate operational risk analyst duties (identification, measurement, mitigation, monitoring, and reporting) and moderately complex assignments under some supervision. This position may also design and/or develop risk programs or risk models for the Bank.
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
Assists in improving and providing regular updates of various practices, reports, policies, and procedures with the Risk Management department
Enhances team processes and updates policies to reflect improvements
Maintains necessary training to well informed of regulatory and industry practices
Reviews and challenges metrics and investigates 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
Conducts assessments of business unit exposures, identifying risks, evaluating their potential impact and reviewing the strengths and weaknesses of the firm's existing controls
Continuously monitors control compliance and prevalent risk environment to ensure that exposures are kept at acceptable levels
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 the Risk team’s oversight role and may design and deliver executive – level presentations
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 three (3) 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 proficiency with Microsoft Products (Excel, PowerPoint, Power BI, Teams, Visio, SharePoint)
Effective communication skills, both developing deliverables and presenting to professionals at all levels
Effective negotiation skills
Familiarity with financial and/or non-financial risk management strategies
High degree of problem-solving skills with ability to understand processes and technology enablement
Practical knowledge of enterprise and operational risk management framework and principles
Solid project management and multi-tasking skills with demonstrated ability to manage expectations and deliver results
Working knowledge of risk and control self-assessment methodologies, process, and tools
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: $59,082.40 USD
Median: $76,450.00 USD
Incentive Pay Plans: This job is not incentive eligible.
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
Bring Your Whole Self to Work
We have a passion for creating an inclusive environment that promotes and values the differences that make each of us stand out as unique individuals and help provide valuable perspective that makes us a better company and employer. More importantly, we recognize that creating a workplace where everyone, regardless of background, can do their best work and thrive is the right thing to do.
OFCCP Disclosure: Equal Opportunity Employer/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.
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 intermediate operational risk analyst duties (identification, measurement, mitigation, monitoring, and reporting) and moderately complex assignments under some supervision. This position may also design and/or develop risk programs or risk models for the Bank.
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
Assists in improving and providing regular updates of various practices, reports, policies, and procedures with the Risk Management department
Enhances team processes and updates policies to reflect improvements
Maintains necessary training to well informed of regulatory and industry practices
Reviews and challenges metrics and investigates 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
Conducts assessments of business unit exposures, identifying risks, evaluating their potential impact and reviewing the strengths and weaknesses of the firm's existing controls
Continuously monitors control compliance and prevalent risk environment to ensure that exposures are kept at acceptable levels
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 the Risk team’s oversight role and may design and deliver executive – level presentations
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 three (3) 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 proficiency with Microsoft Products (Excel, PowerPoint, Power BI, Teams, Visio, SharePoint)
Effective communication skills, both developing deliverables and presenting to professionals at all levels
Effective negotiation skills
Familiarity with financial and/or non-financial risk management strategies
High degree of problem-solving skills with ability to understand processes and technology enablement
Practical knowledge of enterprise and operational risk management framework and principles
Solid project management and multi-tasking skills with demonstrated ability to manage expectations and deliver results
Working knowledge of risk and control self-assessment methodologies, process, and tools
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: $59,082.40 USD
Median: $76,450.00 USD
Incentive Pay Plans: This job is not incentive eligible.
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
Bring Your Whole Self to Work
We have a passion for creating an inclusive environment that promotes and values the differences that make each of us stand out as unique individuals and help provide valuable perspective that makes us a better company and employer. More importantly, we recognize that creating a workplace where everyone, regardless of background, can do their best work and thrive is the right thing to do.
OFCCP Disclosure: Equal Opportunity Employer/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.
Salary : $59,082 - $76,450
