Consumer Risk & Compliance Lead — Deposits & Payments

Busey; Illinois; On-site; USD 98,000 - 140,000; Full time

Benefits offered by this job

401(k) match

Profit sharing

Employee stock purchase plan

Medical, dental, vision insurance

Life insurance

Job summary

Busey Bank seeks a Consumer Business Risk & Compliance Manager to create and execute risk and control frameworks for Consumer Payments and Deposits. You will serve as the SME for consumer risks across traditional retail and digital banking products, advising across processes to minimize financial and regulatory risk.

You will assess controls, develop testing standards, and report on risk management priorities while coordinating with the second line of defense and business teams.

Qualifications

• 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 in consumer banking operations.
• Current Certified Regulatory Compliance Manager (CRCM) certification a plus.

Responsibilities

• Assess existing controls frameworks throughout the consumer payments and deposits business lines – both front and back office – and provide recommendations for improvement when gaps or weaknesses are identified.
• Provide guidance on control improvements to ensure control design objectives adequately mitigate risk in an operationally efficient manner.
• Develop or enhance control testing standards and monitoring programs with business line staff to evaluate the design and operating effectiveness of controls.
• Create and maintain reporting of testing results and other risk and compliance projects to keep business line staff and management apprised of risk management priorities and progress.
• Support change management necessitated by new legislation/regulations or the introduction or modification of new products and services; assist business line staff in implementing monitoring programs to ensure new processes/controls are both effective and followed.
• Function as a liaison between the second line of defense and the business to ensure coordination on consumer-related changes by translating the regulatory impact into the business lines’ operations.
• Support, track, review and/or validate the resolution of risk-related issues and findings to ensure root causes are addressed and post-remediation monitoring is implemented.
• Support the facilitation of enterprise risk management programs within business lines such as risk assessments, root cause analysis, business resiliency, etc., to ensure specific regulatory obligations or operational risk issues are adhered to.
• Participate in the interpretation of new legal and regulatory requirements, identify relevant requirements, and oversee implementation of these requirements, where appropriate.

Skills

Communication skills

Regulatory knowledge

Controls design

Consumer banking knowledge

Education

Bachelor’s degree

8-10 years in financial services

CRCM certification (plus)

Tools

Microsoft Office

Smartsheet

PowerBi

Job description

Busey Bank seeks a Consumer Business Risk & Compliance Manager to create and execute risk and control frameworks for Consumer Payments and Deposits. You will serve as the SME for consumer risks across traditional retail and digital banking products, advising across processes to minimize financial and regulatory risk.

You will assess controls, develop testing standards, and report on risk management priorities while coordinating with the second line of defense and business teams.