WHAT YOU'LL DO

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

Duties:

• 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.

Knowledge of:

• Experience managing people and complex projects
• Good oral and written communication skills

Ability to:

• 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.