Risk Management Analyst - Compliance Risk - SLC - Hybrid Schedule

BankTalent HQ
Competitive
dental insurance, paid holidays, tuition reimbursement, 401(k), profit sharing
United States, Utah, Salt Lake City
Apr 02, 2025
Zions Bank recognizes that its success comes from the dedication, experience and talents of its diverse employee base. As we usher in the next generation of banking, we're committed to being the premier employer of choice. We're proud to have ranked among American Banker magazine's "Best Banks to Work For" almost every year since 2013, as Best Employer from Utah's Best of State, among the Best Places to Work in Idaho, and "among the Salt Lake Tribune's Top Workplaces. Make the leap into a new era of banking. Let us transform your career. With benefits starting on day one, 12 bank holidays, profit sharing and company-matched 401(k) contributions, Zions is committed to career growth and advancement. At Zions, the possibilities are endless. You bring the talent; we bring the opportunity. Compliance risk is inherent in all bank products, services and activities, and the effective management of compliance risk is a fundamental element of effective enterprise risk management. The Compliance Assurance (CA) department within Compliance Risk Management, a second line of defense function, is launching a new Centralized Control Testing Program and hiring new team members to facilitate control testing and validation activities. We are looking for a Risk Management Analyst to join this new team and they will be instrumental in ensuring Bank organizations consistently adhere to internal policies and regulatory standards. Responsibilities: Responsibilities include efficiently and systematically analyzing, evaluating, and monitoring the effectiveness of compliance controls, identifying errors and potential risks, opening findings, providing recommendations for improvement, and reporting test results on an ongoing basis. Specific responsibilities include the following: Work closely with key stakeholders to ensure controls align with the Bank's Enterprise Control Management Program (ECMP) and accompanying standards. Review, analyze and evaluate control applicability to regulatory authoritative sources, business processes, and procedures. Perform data analysis and testing to support conclusions regarding the effectiveness of controls in mitigating compliance risks. Analyze and interpret data to support conclusions and identify process improvement and risk mitigation opportunities, including the development, implementation, and enhancement of key and non-key controls. Perform periodic control self-testing activities to ensure CRM controls are appropriately designed and effectively operating to manage risks to an acceptable level. Perform quarterly independent testing of compliance controls to ensure they are appropriately designed and effectively operating to manage risks to an acceptable level. Perform quarterly control testing validation activities to ensure compliance controls are identified, challenged, and properly tested. Communicate feedback to control owners, process owners, and management regarding errors and other such control deficiencies. Review and assess root cause of significant control failures and perform associated post event monitoring and reviews, as needed. Open compliance risk findings, establish relevant and meaningful remediation plans, and monitor managements progress toward implementing such activities. Job Qualifications: Requires a bachelor degree in Accounting, Finance, Business Administration, Statistics, Math Economics, or a related field and some audit, risk management, compliance, financial services, or other directly related experience. Strong interpersonal, critical thinking, problem resolution and analytical skills required. Must have excellent presentation and communication skills, both verbally and written. Ability to effectively build relationships, work on cross-departmental teams and engage with senior management. Knowledge of business process analysis and workflow is preferred. Experience working with banking applications and data in a reporting capacity is preferred. A combination of education and experience may meet qualifications. Benefits: Medical & Dental Insurance & Vacation & Profit Sharing - START DAY ONE! 401(k) plan, competitive compensation in line with work experience. Most roles eligible for sales bonuses + monthly incentives and/or annual discretionary bonus, some roles include mileage + travel time pay, and/or parking waivers (must meet eligibility requirements Paid Training, Paid Vacation, Paid Holidays, and promotional opportunities offered from within Tuition Reimbursement for qualifying employees Stable Employer, we are a division of Zions Bancorporation and included in the S&P 500 & NASDAQ Financial 100 indices