Operational Risk Program Management Analyst - Operational Loss
Regions Bank
Application
Details
Posted: 19-May-23
Location: Birmingham, Alabama
Salary: Open
Internal Number: R74622
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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Job Description:
At Regions, the Operational Risk Programs Analyst is responsible for the design of various programs that are aligned with industry and regulatory standards. This role partners cross-functionally with other areas across the bank to ensure efficient implementation, execution and continuous monitoring of the programs. This role is also responsible for maintaining reports that aid in the detection of possible key risks and determining solutions to prevent any future risks.
Primary Responsibilities
Designs program(s) to meet industry and regulatory standards, including the methodology and approach, process, tools and documentation
Designs programs and solutions to control key risks and issues within the company
Assists risk and control owners across the enterprise in program implementation, execution and continuous monitoring
Partners with cross-functional teams in pursuing continuous improvement opportunities
Creates program reporting
Designs learning content and materials in accordance with the operational risk framework, methodology, standards and controls
Ensures that learning content is aligned with regulatory expectations and industry best practices
Follows change management protocols for program and/or content changes
Partners with other risk technology teams to create existing tools aligned with business requirements that will support strategic program objectives
Assists in designing technology enabled programs for the automation and simplification of complex manual processes
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, Risk Management or related field
Preferences
General knowledge and understanding of regulatory compliance requirements surrounding BASEL, risk appetite and stress testing
General knowledge of enterprise and operational risk management framework and principles
Skills and Competencies
Ability to research, analyze data, and derive facts
Ability to work under direct guidance
Ability to articulate basic concepts in a clear manner
Ability to work in a fast-paced environment
Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)
Good verbal, written and interpersonal communication skills
Good work ethic and self-motivation
*This position may be filled at a higher level depending on the candidate's qualifications and relevant experience.
Additional job detail for this specific opportunity
Research and document Operational Losses on a recurring basis and conduct associated financial impact analysis leveraging internal systems to aggregate Loss Events
Publish internal reporting on operational loss and Scenario Analysis activity to the governing committees and organizational leadership
Perform data collection and quantitative analysis for the Capital Planning Operational Loss Estimation processes
Create, maintain, and enhance enterprise-wide dashboards and reports for data analysis and visualization to support the Operational Loss and Scenario Analysis Programs
Work closely with 1st and 2nd Line Risk Partners to investigate operational loss origination methods, identify root-cause characteristics, and assess "what-if" scenarios to determine potential risk to the Bank
Additional preferences
Knowledge of PowerBI, R Code, GRC Reach (Archer), or Confluence and JIRA would be a plus.
Position Type
Full time
Benefits Information
Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for 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.
We have a passion for creating an inclusive environment that promotes and values diversity of race, color, national origin, religion, age, sexual orientation, gender identity, disability, veteran status, genetic information, sex, pregnancy, and many other primary and secondary dimensions that make each of us unique as individuals and 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 is the right thing to do.
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.