Policy Analyst Jobs in Michigan
A Policy Analyst in the banking industry is responsible for researching, developing, and implementing policies, procedures, and regulations relevant to the bank's operations. They often review current policies to ensure compliance with ever-changing banking laws and regulations, and make necessary recommendations for improvements. They also play a critical role in risk management by identifying potential risks and proposing mitigation strategies. Policy Analysts additionally assist in training staff on policy changes and participate in auditing processes.
Important skills for a Policy Analyst include excellent research and analytical abilities, strong communication and presentation skills, a deep understanding of banking laws and regulations, as well as project management skills. A bachelor's degree in Finance, Economics, or related field is usually required, while a master's degree or certifications like Certified Regulatory Compliance Manager (CRCM) or Certified Anti-Money Laundering Specialist (CAMS) can provide a competitive edge. Prior to becoming a Policy Analyst, one might have roles such as Compliance Officer, Risk Analyst, or Financial Analyst within the banking or financial services sector.
Demographic Data for Michigan
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Title Synonyms
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Salary for Policy Analyst Jobs in Michigan
Required or preferred licenses and certifications for Policy Analyst positions.
Highest Education Level
Policy Analysts in Michigan offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Policy Analyst position
- Consulting
- Executive Management
- Implementation
- Management Reporting
- Lending
- BSA
- Commercial Banking
- Private Banking
- OFAC
- Treasury Management
- Financial Services
- Loan Servicing
- Anti-Money Laundering
- Fraud Investigation
- Client Services
- Resolution
- Real Estate
- Risk Management
- Strategy Development
- Finance
- Process Improvement
- Analytical Skills
- Accounting
- Business Development
- Auditing
- Written Communication
- Microsoft Outlook
- Collaboration
- Mentoring
- Coaching
- Documentation
- Bachelor's Degree
- Filing
- Reporting
- Microsoft PowerPoint
- Regulations
- Policy Development
- Microsoft Office
- Sales
- Problem Solving
- Microsoft Excel
- Microsoft Word
- Research Skills
- Organization
- Scheduling
- Computer Skills
- Leadership
- Communication Skills
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