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    Model Governance Risk Analyst - Chicago, United States - Busey Bank

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    Description
    Position Summary

    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 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 insightful reporting for Senior Management and the Board of Directors.

    This position provides you with an opportunity to develop in a growing financial institution and shape the Model Risk Management program.

    Duties & Responsibilities
    Manage the Model Risk Management inventory of models and non-models, including the Archer GRC module, 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, their assumptions and limitations, and what deficiencies exist and how they are mitigated
    Oversee the monitoring of model validation identified Findings 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

    Education & Experience


    Knowledge of:
    Proficiency with Microsoft Office with intermediate experience in Excel and PowerPoint
    At least two years of prior experience in the development, review, validation, or oversight of models used by financial institutions Intermediate knowledge of FRB's SR 11-7 and the FDIC's FIL
    Analytical and strategic thinking with attention to detail
    Excellent written, communication, organizational, and interpersonal skills
    Ability to work independently and in a team


    Education and Training:
    Bachelor's Degree in Finance, Economics, Accounting or a related field (equivalent experience may be considered)

    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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