Enterprise Risk Testing Analyst - Fraud

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 Enterprise Risk Testing Analyst is a second line of defense risk management function that ensures the development and maintenance of a strong risk culture by developing and maintaining a program infrastructure that measures, monitors, and reports compliance with applicable laws, regulations and rules that govern a specific line of business and/or adherence to policies and procedures to ensure controls established are operationally effective to mitigate risk. Associates at this level should have full ownership of one or more processes, reports, procedures, or products, and are considered analytical or procedural experts within a specific line of business, risk area, or program.

Primary Responsibilities

• Serves as subject matter expert in compliance and operational risk to effectively execute testing activities
• Maintains advanced knowledge of rules and regulations and their impact on products, services, and operations for a specific line of business or program
• Maintains advanced knowledge of Regions products and services, as well as systems supporting them, to evaluate if the products/services and systems are performing as designed to meet regulatory requirements and are operating effectively
• Maintains advanced knowledge and understanding of risk management concepts around risks and controls and key operational processes
• Assists with the administration of a monitoring and testing program to report on effectiveness of controls against expected outcomes to meet all applicable laws and regulations or operational processes
• Focuses on the resolution of complex problems or transactions, where expertise is required to interpret the results against policies, guidelines, or processes
• Conducts transaction testing activities, analyzes results and documents findings
• Drafts summary of testing results for distribution to key stakeholders
• Collaborates with key stakeholders in executing the testing program
• Supervises day-to-day work of other professional level risk testing associates on occasion
• Assists in oversight activities for the team as needed
• Performs and participates in various projects as needed

This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.

Requirements

• Bachelor’s degree and five (5) years of experience in Compliance, Operational Risk, Quality Assurance/Control, Audit, or other related risk function specific to a line of business or program
• Or High School Diploma and nine (9) years of experience in Compliance, Operational Risk, Quality Assurance/Control, Audit, or other related risk function specific to a line of business or program

Preferences

• Relevant certifications and/or licenses, such as:
• Certified Regulatory Compliance Manager (CRCM)
• Certified Anti Money Laundering Specialist (CAMS)
• Certified Information Security Auditor (CISA)
• Financial Risk Manager (FRM)
• Financial Industry Regulatory Authority (FINRA) Licenses

Skills and Competencies

• Ability to mentor and train junior associates
• Ability to research, analyze data, and derive facts
• Ability to work in a team environment when applicable
• Ability to work independently, with limited guidance
• Ability to work under pressure and meet deadlines
• Demonstrated leadership capabilities
• Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)
• Strong verbal, written communication, and organizational skills
• Strong work ethic and self-motivation

• This analyst will serve as Fraud subject matter expert in compliance and operational risk to effectively execute testing activities
• Responsible for designing, implementing and executing test to assess the effectiveness of fraud prevention controls and systems across various platforms.
• This role works closely with internal teams to evaluate, detect, and prevent fraudulent activities ensuring the organization operations remain secure and complaint.
• Heavy focus on Reg CC, Reg E, Fraud Claims, Fraud Alerts, Zelle and compliance testing.

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:

$77,911.68 USD

Median:

$106,617.00 USD

Incentive Pay Plans:

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 DetailsRegions 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.