Position Summary

Working with colleagues in Risk, as well as the lines of business and support areas, the Director will be responsible for the following:

• Governance and Oversight of operational risk across the enterprise
• Leading the development of Policy and Standards related to operational risk
• Oversight of Key Operational Risks and related indicators and thresholds
• Review and Challenge of Risk and Control Assessments, as applicable
• Issue management, oversight and escalation
• Advising internal partners on best practices, leveraging expertise and industry insights
• Recommending metrics in support of the Risk Appetite Statements and established tolerances
• Advises senior management and influences process change.
• Partners with key stakeholders in the business and oversees the identification, assessment and documentation of risks and controls, including risks associated with new or modified products, services or regulations
• Works with senior leadership to refine risk profiles, risk appetite, and key risk metrics.
• Partners with ERM in the development of risk dashboards and reporting formats in alignment with risk appetite/profile
• Reviews, communicates and recommends the development of risk policies and procedures in partnership with senior leaders to ensure appropriateness and adequacy versus industry best practices and regulatory requirements.
• Provides counsel to business unit managers on risk management issues
• Accountable for the development, implementation and oversight of risk management frameworks.
• Formulates risk management policies, procedures and standards in conjunction with senior management and risk management committees.
• Educates risk owners on risk management best practices and may work with other risk functions in the development and implementation of risk controls.
• Manages processes for collecting accurate and complete internal loss data from business areas.
• Assists in the early identification of risk trends by establishing and monitoring key performance and risk indicators.
• Partners with ERM in the preparation of risk reports and communications. May present to governance committees, senior leaders and/or regulatory bodies
• Demonstrate strong working knowledge of existing laws and regulations ensuring adequate controls exist, resulting in risk mitigation and minimal audit and examination exceptions.
• Demonstrate knowledge of industry trends and a proactive approach to incorporating changes into processes, procedures and technology with a focus on improving process efficiency and mitigating risk. Identify risk exposure based on emerging risks and changes in business processes.
• Other Duties as assigned.

Knowledge of:

• Strong oral and written communication skills
• Strong organizational, technical, analytical, presentation, and critical thinking skills
• Project management methodologies
• Understanding of Risk and Control Framework
• Process oriented with demonstrated ability to work independently and meet deadlines

Ability to:

• Ability to identify and evaluate trends, isolate root cause, and come to a resolution
• Ability to interact across all levels of the organization
• Interface with industry organizations and peer institutions to stay abreast of emerging risk topics
• Demonstrated ability to improve efficiency and effectiveness
• Perform duties with frequent time pressures
• Multi-task; support concurrent projects
• Detail oriented

Education and Training:

• Requires Bachelor's degree in related field with a combined 5 or more years of financial services industry experience or targeted risk management experience.
• Prior operational risk management experience highly recommended.
• Knowledge of the financial services industry and its key business functions.
• Intermediate to advanced knowledge of 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.