Senior Consumer Payments Risk & Compliance Manager

Busey; Carmel (IN); On-site; USD 98,000 - 140,000; Full time

Benefits offered by this job

401(k) match

Profit sharing

Employee stock purchase plan

Paid time off

Medical, dental, vision

Life insurance

Wellness incentives

Employee assistance program

Job summary

Busey Bank is seeking a Consumer Business Risk & Compliance Manager to create, facilitate, and execute risk and control frameworks within Consumer Payments and Deposits. This role serves as SME for consumer risks in both traditional Retail and digital banking products.

You will advise across processes, lead testing, reporting, and remediation, and coordinate between second line and business to ensure regulatory obligations are met and controls are effective.

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.
• Current CRCM certification a plus.
• Proficiency in Microsoft Office required, Smartsheet, PowerBi and other project and reporting tools preferred.

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 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 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

Risk management

Leadership

Problem-solving

Education

Bachelor's degree or equivalent

Business or Finance degree preferred

Tools

Microsoft Office

Smartsheet

Power BI

Job description

Busey Bank is seeking a Consumer Business Risk & Compliance Manager to create, facilitate, and execute risk and control frameworks within Consumer Payments and Deposits. This role serves as SME for consumer risks in both traditional Retail and digital banking products.

You will advise across processes, lead testing, reporting, and remediation, and coordinate between second line and business to ensure regulatory obligations are met and controls are effective.