Risk Modeling Manager jobs in Champaign, IL

WHAT YOU'LL DO

The Consumer Business Risk & Compliance Manager is responsible for developing, updating and/or facilitating the implementation of consumer-specific business risk procedures to minimize the organization's exposure to regulatory criticism, reputation, and financial risk of loss. This position serves as the subject matter expert for consumer lending laws and regulations and provides consultative advice across all consumer lending processes as it relates to consumer lending risk and compliance.

Additional Duties:

• Assess existing controls frameworks throughout the consumer business lines for adequacy against the Company’s enterprise-wide controls framework.
• Provide recommendations for improvements where deficiencies are identified and monitor resolution/implementation of the recommendations.
• Provide guidance to business line staff when control improvements are needed to ensure control design and/or enhancement objectives adequately mitigate risk in the most operationally efficient manner possible.
• In coordination with business line staff, develop or enhance control testing standards and monitoring tools to evaluate the design and operating effectiveness of key controls; monitoring includes, sample testing, end-to-end process reviews and reviewing key indicators (where they exist).
• Function as a liaison between the second line of defense and the business lines to ensure appropriate coordination on consumer-related changes in law and regulation by translating the regulatory impact into the business lines’ operations.
• Support change management necessitated by 1) the impact of new legislation/regulations or 2) the introduction or modification of new products and services insofar as they relate to an existing controls framework or require the creation of new controls; assist business line staff in implementing monitoring programs to ensure new processes/controls are both effective and being followed.
• Provide direct assistance to business lines in support of enterprise-wide efforts to identify, assess, measure, monitor, and report risk; when levels of risk are outside of appetite, assist in implementing mitigating controls and ensure evidence of associated training.
• Create and maintain reporting that captures the status of a variety of risk and compliance projects and initiatives to keep business line staff and management, as well as second line partners, informed about first line priorities and progress.
• Respond to queries from business line staff, and other internal parties, insofar as they relate to consumer business risk and compliance work.
• Conduct project work on specified regulatory obligations or operational risk issues.
• Participate in the interpretation of new legal and regulatory requirements, identify relevant requirements, and oversee implementation of these requirements, where appropriate.

WHAT YOU'LL BRING

Knowledge of:

• Strong oral and written communication skills; can adapt communication and presentation style to fit various audiences.
• In-depth knowledge of consumer lending and/or consumer deposits compliance

Ability to:

• Develop new procedures and approaches to remediate a variety of issues and findings.
• Problem-solve by making sound and timely recommendations or decisions to keep forward progress; is discerning and applies situational knowledge to determine appropriate action or escalation.
• Identify process efficiency and automation opportunities to strengthen control effectiveness.
• Establish and maintain collaborative partnerships at all levels throughout the organization.

EDUCATION AND TRAINING

• Bachelor’s degree or the equivalent combination of education and experience; Business or Finance degree preferred.
• 8-10 years’ experience in financial services with an audit, risk management or compliance background and/or experience with consumer compliance and assigned products
• Proficiency in Microsoft Office

Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey’s commitment of delivering service excellence.  

Busey is an Equal Opportunity Employer including Disability/Vets. Visit Busey.com/Careers to learn more about Busey’s Equal Opportunity Employment.