Busey Bank is a growing financial institution, established over 150 years ago and operating in Illinois, Missouri, Indiana, and Florida. As the Model Governance Risk Analyst (MGRA), your primary responsibility will be managing and reporting on the Bank's model inventory in support of the institution's maturing Model Risk Management program. In this new position, you will cultivate positive working relationships with model owners and developers to proactively identify and mitigate risks, identify opportunities and develop solutions to enhance the Model Risk Program, and create timely and meaningful reporting. This position provides you with an opportunity to develop in a growing financial institution and shape the Model Risk Management program.
WHAT YOU'LL BRING
Duties & Responsibilities
Manage the Model Risk Management module of the Archer GRC system to ensure completeness and accuracy of the model inventory, required actions are completed timely, and system updates are completed in accordance with Bank requirements
Understand how the models are used, who owns them, and what issues exist for the models and how they are mitigated
Oversee the monitoring of model validation identified Issues through resolution(s), and sufficient and timely reporting to management as required
Leverage disparate data sources to develop insightful and thought-provoking reporting for management, management oversight committees, and the Board of Directors
Assist with the development and administration of Model Risk Management Policy, Program, and procedures as well as Model Risk training and education initiatives
Act as a subject matter expert for model owners on FRB and FDIC guidance and keep abreast of industry best practices for Model Risk Management
Identify opportunities and recommend solutions to improve the Model Risk Management framework
Support special projects as necessary
Bachelor's Degree in Finance, Economics, Accounting or a related field (equivalent experience may be considered)
Proficiency with Microsoft Office with intermediate experience in Excel and PowerPoint
Analytical and strategic thinking with attention to detail
Ability to work independently and in a team
Excellent written, communication, organizational, and interpersonal skills
Customer Service - Adheres to The Busey Promise service standards set by Service Plus (Busey's service model) in order to anticipate and exceed the needs of our customers, both internal and external
Functional Knowledge and Technical Skills - Skilled in job-specific knowledge that is necessary to provide the appropriate quantity and quality of work in a timely and efficient manner
Accountability - Work behaviors demonstrate responsible personal and professional conduct, which contributes to the overall goals and objectives of Busey
Previous experience in a Model Risk Management role or analyst role in financial services industry, leveraging a GRC system
One to two years of experience working with Archer GRC/databases
Experience with business analytic tools (e.g., Tableau, PowerBI, etc.)
WHY IT MATTERS
Banks rely on quantitative and qualitative analyses, often using models, in many aspects of financial decision-making, and therefore, must have confidence in the model's performance and outputs. As a result, banks are expected to implement a Model Risk Management framework in accordance with the FRB and FDIC's guidance on Model Risk Management. You will play a key role in ensuring appropriate model management, governance, and controls are in place to provide assurance to management and the board that model outputs can be trusted and relied upon.
Busey believes that diversity and inclusion among our teammates is critical to our success as a company, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool.
Equal Opportunity Employment is a priority for Busey and all qualified applicants will receive consideration regardless of race, color, religion, national origin, genetic information, sex (including pregnancy), age, sexual orientation, gender (including gender identity and expression), marital status, military status, veterans status, citizenship status, disability, order of protection or any other characteristic protected by applicable law or other non-merit based factors.
As of June 30, 2019, First Busey Corporation (Nasdaq: BUSE) was a $9.61 billion financial holding company headquartered in Champaign, Illinois.
Busey Bank, a wholly-owned bank subsidiary with total assets of $7.66 billion as of June 30, 2019, is headquartered in Champaign, Illinois and has 44 banking centers serving Illinois, 13 banking centers in the St. Louis, Missouri metropolitan area, five banking centers serving southwest Florida and a banking center in Indianapolis, Indiana. Through the Busey Wealth Management division, the Company provides asset management, investment and fiduciary services to individuals, businesses and foundations. As of June 30, 2019, assets under care were approximately $7.47 billion. Busey Bank owns a retail payment processing subsidiary, FirsTech, Inc., which processes approximately 28 million transactions per year using online bill payment, lockbox processing and walk-in payments at its 4,000 agent locations in 43 states. More information about FirsTech, Inc. can be found at firstechpayments.com.
Busey Bank was named among Forbes' 2019 Best-In-State Banks—one of five in Illinois and 173 from across the country, equivalent to 2.8% of all banks. ...Best-In-State Banks are awarded for exceptional customer experiences as determined by a survey sample of 25,000+ banking customers who rated banks on trust, terms and conditions, branch services, digital services and financial advice.
TheBANK of Edwardsville, a wholly-owned bank subsidiary of the Company with total assets of $1.95 billion as of June 30, 2019, is headquartered in Edwardsville, Illinois and has 19 banking centers. Through TheBANK of Edwardsville Wealth Management division, the Company provides asset management, investment and fiduciary services to individuals, businesses and foundations. As of June 30, 2019, assets under care were approximately $1.50 billion.
For more information about us, visit busey.com and 4thebank.com.