LFI Readiness Senior Analyst

Company: Disability Solutions
Location: Phoenix
Posted on: October 10, 2024

Job Description:

Job Title:LFI Readiness Senior AnalystLocation:CityScapeWhat you'll do:The LFI Readiness Senior Analyst will be responsible for assisting the LFI Readiness Senior Director with executing the Bank's LFI Readiness Program to ensure compliance with Regulation YY Category 4 and related regulations. In addition, this individual will be a key part of development of LFI Readiness Program framework, governance, and oversight to monitor, evaluate, and report on the effectiveness of program itself as well as each project being completed within LFI Program. This role reports to the Senior Director and is responsible for initial preparation of presentations to appropriate management committees, Board of Directors, and external audit, where appliable, including any issues identified including the plan for escalation and resolution. This individual may attend critical meetings without Senior Director therefore need to make initial decisions and be able communicate results as well as answer stakeholders' questions ad-hoc.What we are looking for:

• Collaborate with key stakeholders including IT, FP&A, Data Governance, and Risk to ensure LFI Program Office (LFIPO) has all critical information from areas to make necessary decisions.
• Challenge and adapt inventory of key workstreams with assistance of Project Manager - Senior Director to ensure identified items are captured and tie back to regulatory requirements.
• Ensure with Senior Director ongoing compliance with FRB Regulation YY and related Enhanced Prudential Standards (EPS).
• Track and analyze regulatory updates and assist in implementing necessary program changes, as needed.
• Perform with Senior Director and third party partners the review of risk management frameworks and ensure they align with EPS tiered requirements.
• Responsible for initial development and ongoing updating of policies and procedures to meet regulatory standards including required publishing per Bank standards.
• Ensure implementation of LFIPO and related policies across business units (such as Software Capitalization) and monitor adherence.
• Work closely with internal audit, compliance, strategic partner, and legal teams to align with regulatory requirements as they related to LFIPO and Bank.
• Provide support in coordinating communications with external regulators, including data collection for reporting in conjunction with Regulatory Relations prior to review by Senior Director.
• Assist Senior Director in organizing and preparing for regulatory audits and examinations including readiness reviews and verbal discussions.
• Facilitate coordinating cross-functional teams to ensure that compliance initiatives are implemented smoothly and on time. Assist with tracking and monitoring project deliverables related to the program and reporting progress.
• Coordinate, maintain documentation related to compliance activities, risk assessments, and test results.
• Help develop and distribute training materials related to Regulation YY compliance. Support the delivery of training sessions to staff across various departments to raise awareness. Monitor training completion and ensure adherence to compliance learning objectives.
• Support internal audits by providing documentation and ensuring compliance records are up to date.
• Monitor logs of identified issues during work by Senior Analyst and third party related to EPS compliance and track their resolution with reporting to Senior Director. Assist in developing action plans to address gaps in compliance and monitor remediation efforts to be approved by Senior Director.
• The responsibilities listed are supportive of the Senior Director and may encompass additional activities as LFIPO matures.What you need to have:
  • Bachelor's degree in Accounting, Finance, Business Administration, or another related field required. Master's degree in relevant field is a plus.
  • Minimum of 2 years of experience with increasing responsibility in regulatory compliance or other area at a bank, relevant internal audit experience, capital, and liquidity and/or public accounting advisory experience required.
  • Working knowledge of Reg YY and other related regulations or strong willingness to spend significant effort learning.
  • Ability to maintain relationships across various levels of the organization, influence others beyond direct team and collaborate with various stakeholders including executive leadership to drive and implement change.
  • Must be highly effective at project management and oversight of team project management as well as communicating issues through emails, written reports/formal memos, verbal discussions, ad-hoc conversations/questions.
  • Exceptional organizational skills as well as communication and people skills are required.
  • Extremely meticulous and proficient in Microsoft Office applications. Experience with other applications is a plus.
  • Ability to travel regionally up to 20%Benefits you'll love:We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!About the company:Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC. AmeriHome Mortgage is a Western Alliance Bank company.Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.-- Western Alliance Bancorporation

Keywords: Disability Solutions, Tempe , LFI Readiness Senior Analyst, Accounting, Auditing , Phoenix, Arizona