Regions Bank Consumer Risk Compliance Analyst in Birmingham, Alabama
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.
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At Regions, the Compliance Analyst III is a second line of defense risk management function that ensures the development and maintenance of a strong compliance culture by developing and maintaining a program infrastructure that identifies, measures and monitors compliance with all applicable laws, regulations and rules that govern a specific line of business. Associates at this level should have full ownership for one or more processes, reports, procedures or products, and are also considered analytical or procedural experts within a specific line of business.
Maintains a proficient knowledge of rules and regulations and their impact on products, services and operations for a specific line of business
Establishes line of business partnerships and serving as a subject matter expert to the business groups on issues related to compliance
Conducts research of laws and regulations that impact compliance to include monitoring for new laws and regulations or changes to existing laws and regulations and providing communication to appropriate lines of business which will be impacted by these changes
Administers a monitoring and testing program to ensure effective compliance with all applicable laws and regulations
Gathers information requested by regulatory agencies
Focuses on the resolution of complex problems or transactions, where expertise is required to interpret against policies, guidelines or processes
May supervise day-to-day work of other professional level compliance associates
This position is exempt from timekeeping requirements under the Fair Labor Standards act and is not eligible for overtime pay.
Bachelor’s degree and eight (8) years’ experience in compliance, quality assurance/control, audit or other related compliance function specific to a line of business
Or high school diploma and 15 years’ experience in compliance, quality assurance/control, audit or other related compliance function specific to a line of business
Certified Regulatory Compliance Manager Certification (CRCM)
Skills and Competencies
Strong Communication skills
Knowledge of legal and regulatory environment as it relates to compliance in a particular line of business
Ability to work independently
Time management skills
Proficiency in Microsoft Office Suite
Additional Job Description
Provides 2nd line regulatory compliance subject matter expertise support to 1st line partners for guidance, laws, rules and regulations impacting Consumer & Wealth Management
New product or initiative support on the potential regulatory impacts in the development and evaluation of Business Requirements, proposed compliance related controls and post-implementation effectiveness of those controls
Evaluation of root cause and efficacy of the 1st line’s proposed action plans and implementation of action items associated with regulatory, audit or compliance findings
Validate successful 1st line implementation of key compliance controls, policies and procedures associated with new products or initiatives
Validate successful 1st line implementation of key compliance controls, policies and procedures and training implemented or enhanced based on compliance related action plans developed due to findings by 2nd line testing, or if applicable, 3rd line testing, or regulatory examination
Serve as the 2nd line Compliance approval authority for Marketing materials
At Regions, our culture focuses on five core values that are a commitment to how we will do business:
Put people first
Do what is right
Focus on your customer
Through these values, our mission to make life better drives our desire to improve and make a positive difference in the communities where we work and live through financial investments and volunteering.