Risk Management Analyst

About the Role

The Control Testing team within Compliance Assurance (CA) operates within Compliance Risk Management, a second line of defense function. The team is responsible for executing independent control testing and validation activities to evaluate compliance with internal policies, regulatory requirements, and established risk management standards.

Key Responsibilities

• Analyze, evaluate, and monitor the effectiveness of compliance controls.
• Identify errors and potential risks.
• Open findings and provide recommendations for improvement.
• Report test results on an ongoing basis.
• 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 Compliance Risk Management (CRM) controls are appropriately designed and effectively operating to manage risks to an acceptable level.
• Perform independent testing of compliance controls to ensure they are appropriately designed and effectively operating to manage risks to an acceptable level.
• Perform 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 control deficiencies.
• Review and assess root cause of significant control failures and perform associated post-event monitoring and reviews.
• Open compliance risk findings, establish relevant and meaningful remediation plans, and monitor management's progress toward implementing such activities.

Requirements & Tech Stack

• Fully in-office position (5 days a week) at the Zions Technology Center - 7860 South Bingham Junction Blvd, Midvale, UT 84047.

Qualifications

• A bachelor’s degree in Accounting, Finance, Business Administration, Statistics, Math, Economics, or a related field.
• 0-2 years of experience in audit, risk management, compliance, financial services, or other directly related experience is preferred.
• Strong interpersonal, critical thinking, problem resolution, and analytical skills.
• 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.