HR Risk & Compliance Analyst

About the Role

The Business Unit Compliance Analyst is a first line of defense risk management function that ensures business unit activities adhere to necessary rules and regulations, and comply with legal boundaries and jurisdictions. Associates at this level administer defined procedures, analyses, and report preparation, focusing on daily deliverables and developing knowledge of the broader context.

Key Responsibilities

• Maintains proficient knowledge of rules and regulations and their impact on products, services, and operations for a specific line of business.
• Conducts research of laws and regulations impacting business unit compliance, partnering with the second line of defense to assess new or changed laws and regulations.
• Researches potential violations to determine compliance needs and escalates issues as needed.
• Reviews processes and procedures to identify gaps or potential issues.
• Assists with the administration of a monitoring and testing program.
• Gathers information requested by regulatory agencies.
• Assists with the development of business group policies and procedures.
• Conducts the regulatory change management process, including review and tracking of new local, state, and federal regulations impacting employers and implementation of compliance requirements.
• Reconciles regulatory changes weekly/quarterly.
• Maintains HR regulatory inventory items and documentation.
• Conducts state workforce change monitoring to maintain awareness of related regulatory impacts.
• Tests human resources processes with GRC controls to verify operational effectiveness and compliance with laws, and provides guidance to Human Resources team members on results.
• Develops new or modified testing plans and maintains related schedules, testing calendar, procedures, and communications.
• Verifies and tests new regulatory compliance implementations.
• Participates in HR Risk and Compliance’s review of policies, standards, and rules on compliance-related content.
• Performs metric and committee reporting, preparing reports in spreadsheet and slide form for compliance and other risk management purposes.
• Serves as Compliance Training coordinator for Human Resources.
• Manages annual federal compliance processes applicable to large employers and federal contractors.
• Maintains and updates HR Risk & Compliance procedures, including coordination of annual reviews.
• Fulfills information requests for Internal Audit, external auditors, and 2nd line risk groups.
• Performs ongoing functions associated with third party risk management monitoring for Human Resources.
• Ensures critical data accuracy in all functions.

Requirements & Tech Stack

• Bachelor’s degree in Business, Finance, Audit or related field
• OR High School Diploma or GED and four (4) years of related work experience
• Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)
• Ability to learn additional systems as needed.

Qualifications & Preferences

• Master’s degree (Preference)
• Experience in Compliance, Quality Assurance/Control, Audit, or other related compliance function specific to a line of business (Preference)
• Strong technical/detail orientation (Additional Preference)
• Experience working with data with emphasis on data accuracy (Additional Preference)
• Strong Excel skills with experience working with pivot tables (Additional Preference)
• Risk management knowledge, including an understanding of foundational elements and experience in operational and/or compliance risk (Additional Preference)
• Experience with review of new regulatory requirements involving substantial review of written materials, implementation of regulations, and monitoring for adherence (Additional Preference)
• Proactive in recognizing needs to enhance risk management with sound judgment and effective communication (Additional Preference)

Skills And Competencies

• Ability to research, analyze data, and derive facts.
• Ability to work in a team environment when applicable.
• Strong verbal, written communication, and organizational skills.
• Strong work ethic and self-motivation.
• Self-starting/self-directed, ensuring deadlines are met.