Risk Management Internship

The Risk Development Summer Analyst Program is a fast-paced internship focused on growth in Risk knowledge and experience. The program provides interns with hands-on experience in a variety of functions across Risk Management, introducing participants to groups such as:

• Compliance
• Consumer and Wealth
• Financial Risk
• Non-Financial Risk
• Risk Integration
• Enterprise Risk
• Risk Testing
• Corporate Risk

Interns will be placed into one of the groups mentioned above but will have exposure to all groups represented within the internship program. The program is a nine-week paid internship experience, introducing participants to a wide range of industry knowledge, executive leadership and emerging technologies.

Compliance and Regulatory Risk Management – This area presents the opportunity to develop intuitive skills in areas such as Financial Crimes Compliance, which is a high growth and rapidly changing industry. The analyst would also gain an understanding of the banking system in general and the elements of an effective anti-money laundering compliance program. There is opportunity to learn how data plays an ever-increasing role in fighting financial crime through operational effectiveness and cost reductions, intelligence-led analytics, automation, and machine learning.

Consumer and Wealth Risk Management – The Consumer and Wealth area would provide the opportunity to implement processes that enhance and automate tasks. The analyst would grow to understand key metrics and existing reporting; work with compliance, credit, and operational risk to identify risk exposure and bridge knowledge gaps; develop a mechanisms that highlight and/or notify management of key changes in performance; and assist with the automation of current day to day manual processes.

Corporate Risk Management - The Corporate Compliance Analyst is a second line of defense risk management function that ensures the development and maintenance of a strong compliance culture by developing and maintaining a program infrastructure that identifies, measures, and monitors compliance with all applicable laws, regulations, and rules that govern a specific line of business. Associates at this level are expected to contribute to work-flow or process change and redesign, and to form a strong, basic understanding of the specific product or process within a specific line of business.   Focus is on execution within defined parameters, with some expansion based on developing capabilities and/or experiences.

Financial Risk Management (FRM) – The FRM area consists of Market, Liquidity and Capital risk management where the analyst would have the opportunity to work on various project including investment portfolio analysis, interest rate risk (IRR), and capital and liquidity stress testing. Projects include regulatory gap analysis on Capital Planning, Independent Liquidity Review, regulatory reporting transaction testing. The analyst would focus on topical research leveraging quantitative and qualitative methods to assess portfolio performance trends, market analytics and outlooks to drive the active portfolio management of Regions credit portfolio.

Non-Financial Risk Management (NFRM) – The NFRM area consist of a variety of areas, such as Operational Risk, Third Party Risk Management (TPRM), Data and Digital Risk, and Environmental, Social and Governance (ESG) Team, which serve as internal consults within Risk Management, consisting of project execution specialists with deep banking, operations and technology experience. The Operational Risk team manages programs that oversee banking operations and provides insights and recommendations to the first line, third line and other bank stakeholders. The analyst would learn about the key products, processes, and the financial controls in place to support the financial statement accuracy and completeness. They will have the opportunity to walk through processes and identify risks and controls. Within Data and Digital Risk, the analyst would enhance and leverage coding skills, data visualization skills, learn Regions data landscape/environment, and be able to put some of their knowledge learned into practice with real applicability. Within TPRM, the analyst has the opportunity to performing quality assurance and control assessments over vendor engagements.  Within ESG, the analyst would have a cross-functional NFRM experience as well as learn about our growing ESRM efforts and the ESG risks/opportunities more broadly applicable to most organizations. 

Risk Integration Office (RIO) – Analyst within RIO will gain technical, presentation, communication, Risk Management knowledge, time management, project management, and skills for working in a cross functional environment. The analyst would have an integral role on the team, which includes owning analyses and deliverables, presenting findings to key stakeholders, and creating content for consumption by leaders at the Bank or Relationship Managers tasked with transitioning customers. Additionally, the analyst would assure the appropriate information is captured for reference during meetings.

Enterprise Risk Management (ERM) – The ERM area consists of governing functions, such as Model Risk Management and Validation (MRMV), that perform independent oversight activities including model identification, certification, determination, classification, inventory management, validation, review, issue remediation testing and related activities. An analyst would expect to participate in a number of data risk initiatives, which include the enhancement of reporting capabilities, collaboration with business partners and process improvements relating to data, technology, and automation. The analyst would also likely perform validation test work for Risk Rating models and assist on model governance activities.  Overall, the analyst would strengthen their quantitative skills, programming skills, writing skills, communication skills, and would get the experience of working with a large, multi-skilled team. The summer analyst would also have the opportunity to learn about artificial intelligence, machine learning, quantitative analytics, and involvement/networking at Regions.

Shared Risk Services & Analytics (SRSA) – Risk Services is composed of Risk Data/ MIS Reporting, Quantitative Risk Analytics, Real Estate Valuation and Tech Services. SRSA enables Regions to broaden our analytics capabilities across all risk types and helps develop insights into emerging risks and early warning indicators that are paramount to enhancing risk management. The SRSA Intern would be exposed to various analytical tools, model development techniques and advanced reporting for various areas within Risk Management.

• Perform model validations, write validation reports and clearly document evidence of validation activities (ERM)
• Communicate findings and limitations to key stakeholders
• Identify key areas for process improvement and design innovative solutions that reduce risks, increase revenue and enhance the customer experience
• Develop analytical models within Risk Management
• Develop advanced reporting for Credit Risk, Portfolio Management and Loss Forecasting
• Develop metrics and dashboard to assess operational effectiveness and track risk tolerances and key risk indicators
• Establishes line of business partnerships and serves as a subject matter expert to the business groups on issues related to compliance
• Provides regulatory exam support by compiling requested information and developing materials, as needed
• Maintains a 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 that impact compliance to include monitoring for new laws and regulations or changes to existing laws and regulations and providing communication to appropriate lines of business which will be impacted by these changes

Requirements

• Current college student pursuing a Bachelor’s or Master’s degree in a business, operations, technology, analytics or quantitative-related field
• Strong Intellectual Curiosity
• Attention to detail
• Ability to take initiative
• Excellent written and oral communication skills
• Ability to present solutions to business leaders
• Analytically and technically inclined
• Strong interpersonal skills
• Desire to cross-collaborate across teams and diversify skillset
• Ability to research, analyze data, and derive facts

Relevant Technology

• SharePoint Suite
• Power BI
• Low Code Applications
• Microsoft Office Suite
• SAS
• Python
• R
• Matlab
• SQL

Positions are located in Birmingham, Ala.

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