This role involves providing Compliance Testing oversight and testing of Busey Bank's products and services to ensure they adhere to the applicable laws and regulations that impact them and ensure that the control design, framework and effectiveness of controls are working as intended.
WHAT YOU'LL BRING
Design and implement an annual Compliance Testing Plan.
Influence, where necessary, compliance policies and procedures within Compliance and the business lines.
Develop and maintain compliance testing standards, procedures, and protocols to test all areas of compliance, including BSA and AML.
Investigate compliance issues and regulatory matters arising, and/or ad hoc thematic reviews, in compliance within compliance testing standards, procedures and protocols
Provide recommendations for improvements where deficiencies are identified and monitor resolution/implementation of the recommendations.
Assess the impact of upcoming and new legislation/regulations insofar as they relate to compliance testing planning and execution.
Ensure that the compliance testing system is timely updated to reflect current status of Compliance Testing reviews and issues.
Promote a strong compliance culture within the business.
Assist colleagues with regulatory requirements and corporate policy/procedures implementation.
Support the Chief Compliance Officer in the execution of the broader compliance management system and any delegated ad-hoc assignments.
Schedule execute and/or oversee the timely, efficient and effective completion of Compliance Testing reviews to facilitate completion of the annual Compliance Testing Plan.
Ensure Compliance Testing reviews are properly documented within Compliance Testing standards to support the results of the assessments made in supporting test workpapers and Compliance Testing Reports.
Prepare Compliance Testing Reports detailing and rating issues, obtain action plans and target dates from the business to remediate issues identified and issue final compliance testing reports to senior management and business partners.
Follow-up and track Compliance Testing issues from identification to remediation: validate the agreed upon Action Plans were completed as described in Compliance Testing Reports.
Respond to queries from staff, or external parties, insofar as they relate to Compliance Testing.
Carry out project work on specified regulatory obligations or issues.
Participate in the interpretation of new legal and regulatory requirements, identify relevant requirements, and oversee implementation of these requirements, where appropriate.
Assist in any regulatory visits and information requests
The individual will also be responsible for overseeing the broader Compliance Testing Program and team members in their assigned execution of Compliance Testing reviews.
Experience managing people and complex projects
Good oral and written communication skills
Attend compliance related meetings with business partners, as applicable, in relation to the Compliance Testing plan and Issue identified.
This position requires the ability to assess and develop the scope of Compliance Testing reviews on a risk basis to ensure adequate testing coverage of key risks and controls
WHY IT MATTERS
Develop our new compliance testing program in a way that can scale with growth and protects the bank. Lead and curate a team of compliance reviews across various compliance disciplines, such as BSA AML and regulatory compliance. Be part of the team that gets the Compliance Department through its first CFPB exam. Grow a sustainable program and be a mentor to team members as we grow in assets.
EDUCATION & TRAINING
Bachelor's degree or the equivalent combination of education and experience is required.
Business or Finance degree preferred
8-10 years of experience in financial services, audit or compliance background and/or experience with financial services compliance and/or experience with the assigned products
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.
Internal Number: COMPL03445
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.