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Western Alliance Bank · 9 hours ago

LFI Readiness Program Senior Analyst

Phoenix, AZ

Full-time

Onsite

Mid, Senior Level

2+ years exp

Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. The LFI Readiness Program Senior Analyst will assist in executing the Bank’s LFI Readiness Program to ensure compliance with regulations, develop program frameworks, and monitor project financials while collaborating with various stakeholders.

BankingFinanceFinancial Services

Responsibilities

Collaborate with key stakeholders including IT, FP&A, Accounting, and EPMO to ensure LFI Program Office (LFIPO) has all critical information from areas to make necessary decisions especially related to budget decisions

Challenge workstream business owners with assistance of other team members and co-source SMEs to ensure identified items are captured and tie back to regulatory requirements

Ensure with Head of LFI Program Office 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

Assist with the preparation of RFPs and SOWs for engaging third party partners in individual workstreams

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 internal audit, compliance, strategic partner, and legal teams as well as external regulators. This includes data collection for reporting in conjunction with Regulatory Relations related to project financials and progress

Facilitate coordinating cross-functional teams to ensure that LFI readiness initiatives are implemented smoothly and on time. Assist with tracking and monitoring project deliverables related to the program and reporting progress especially focused on budget and time tracking

Coordinate, maintain documentation related to budget activities for the LFI Program including requests for proposals, statements of work, invoices, accruals, etc

Help develop and distribute training materials related to tracking of spend for LFI readiness efforts and capitalization of those efforts

Support the delivery of training sessions to staff across various departments to raise awareness on LFI readiness budget and tracking of progress towards milestones. Monitor training completion and ensure adherence to compliance learning objectives

Assist with monitoring logs of identified issues during work by Senior Analyst and third party related to EPS compliance and track their resolution with reporting to Head of LFI Program. Assist in developing action plans to address gaps in compliance and monitor remediation efforts to be approved by Head Of LFI Program

The responsibilities listed are supportive of the LFI Program Office and may encompass additional activities as LFIPO matures

Qualification

Reg YY knowledgeRegulatory compliance experienceProject managementFinancial analysisMicrosoft Office proficiencyCommunication skillsCollaboration skillsOrganizational skills

Required

Bachelor's degree in Accounting, Finance, Business Administration, or another related field required

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

Intermediate to advanced knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services

Intermediate to advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices

Intermediate to advanced 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

Working knowledge of Reg YY and other related regulations or strong willingness to spend significant effort learning

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

Advanced speaking and writing communication skills

Intermediate to advanced proficiency in Microsoft Office applications

Ability to travel regionally up to 25%