Business Risk Analyst - Regulatory Assurance (Remote)

Overview

This is a remote role that may be hired in several markets across the United States.

This role sits within Business Risk & Controls for Enterprise Technology and Operations. This analyst will be focused on regulatory assurance including privacy event management, and consistent execution of compliance requirements working closely with business risk and control representatives in all applicable business units. The first line of defense risk position supports business unit risk activities in adherence with the Company's Risk Appetite and Corporate Strategy. Supports the management of business risks and controls across all risk types along with the execution of risk policies, standards, procedures and/or program requirements. Assists communication between the business, the 2nd & 3rd line, and regulators. Aids all activities in support of achieving shared departmental goals.

• Business Risk & Controls Knowledge and Expertise - Develops and maintains an understanding of the complexities inherent in the organization's business environment, including industry markets, products, services, client-base and competitive landscape. Aids cross-functional teams to assess the impact of external factors including regulatory changes, market disruptions or business operations and strategy.
• Business Risk Management Support - Supports the execution and implementation of policies, standards, and procedures with BU associates in alignment with the Company's risk management framework. Aids the business in identifying risks & control gaps. Develops and maintains reporting that tracks issues and subsequent resolutions across the organization, ensuring timely escalation and remediation. Collaborates with BU and stakeholders to develop and execute action plans and mitigation strategies to identify and address root causes & prevent recurrence. Tracks the status and effectiveness of issue remediation efforts, providing regular updates and reports to senior management. Coordinates with other functions (i.e. Compliance, 2LOD) to ensure alignment with broader risk management and governance objectives. Supports prioritization and capacity assessment, ensuring resource alignment with strategic objectives and risk management initiatives.
• Regulatory and Internal Audit Engagement - Aids in regulatory and Internal Audit inquiries, examinations, and audits in collaboration with internal stakeholders. Assists in the business development of regulatory submissions, response and reporting requirements, driving accuracy, completeness, and timely submission.
• Risk Governance & Reporting - Develops BU risk reports that provide a comprehensive view of risks impacting the BU. Monitors BU risk and control performance. Effectively manages and summarizes top and emerging risks and actions to address impacts. Reports key indicators and limits to ensure timely escalation of breaches as required by the Risk Appetite Framework (RAF). May drive the implementation of program policies, standards, and procedures. Ensures timely communication around current and emerging issues and regulatory requirements.

• Knowledge of risk techniques, practices, and control frameworks,
• Knowledge of various banking and government regulatory requirements and processes with specific focus on Compliance Management Systems (CMS),
• Knowledge of regulatory and industry guidance pertaining to risk compliance and privacy. Examples include FFIEC, GLBA, PCI DSS, Reg E, CC, AML CFT
• Large Financial Institution preferred
• Prior compliance and Risk experience
• Ability to work effectively with associates, senior management, and various committees
• Strong written and verbal communication skills.