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    Director of Operational Risk - Jacksonville, United States - Busey Bank

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    Description

    Position Summary

    Operational risk is the risk resulting from inadequate or failed internal controls and processes, people and systems, or resulting from external events. This role will lead the second line of defense oversight for operational risk for Busey. The Director of Operational Risk Management is responsible for the development and management of the operational risk program, including the oversight of line so business activities, metrics and aggregation of risk results. This role will work in partnership with the lines of business, other areas in risk management and internal audit to ensure coordination to share timely and valuable information related to key operational risk measures and findings. This position will report to the EVP and Chief Risk Officer of First Busey Corporation.

    Duties & Responsibilities

    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.

    Education & Experience

    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 to learn more about Busey's Equal Opportunity Employment.



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