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Risk Management Analyst

Company: Busey
Location: Champaign
Posted on: May 16, 2022

Job Description:

WHAT YOU'LL DO The Risk Management Analyst will have responsibility for maintaining and advancing First Busey Corporation's Third-Party Relationship and Business Continuity programs in a manner that supports a growing financial institution. The Risk Management Analyst will coordinate certain risk-related activities and reporting for these programs at an enterprise-level.

  • Plays a key role in the Second Line of Defense by identifying the Company's risk exposure to internal and external threats that may impact its ability to operate resulting from the use outsourced third-party relationships and/or business continuity disruptions.
  • Performs due diligence analysis for prospective third-party relationships and on-going monitoring analysis of existing third-party relationships to provide risk-based reporting on program compliance, third-party/product profiles, high-risk activities, etc.
  • Partners with Business Leaders across the enterprise to update and maintain business continuity plans, outlining resumption and recovery methods for all operations throughout the Company, including disaster recovery strategies.
  • Creates and implements a risk-based schedule of exercises and assessments to test the effectiveness and resiliency of business continuity plans.
  • Works closely with all Business Leaders to ensure gaps in the business continuity program identified through tests, exercises, assessments are reported, documented, and tracked through resolution.
  • Develops, analyzes and presents audience-appropriate risk reports to Business Leaders, Executive Management, Committees and Boards that illustrate the Company's third-party and business continuity risk profile and highlight key risk areas.
  • Works closely with the Lines of Business and the Technology Division to ensure the Company's outsourcing and resiliency risks are appropriately managed. WHAT YOU'LL BRING
    • Ethics/Integrity - Respects and maintains confidentiality; unwaveringly consistent and principled.
    • Analytical Skills - Brings quantitative and analytical skills to effectively challenge the First Line of Defense and identifies specific risk issues as well as trends and patterns. Works with an orientation toward detail.
    • Problem Solving Skills - Commits to action, even in uncertain situations, by making sound and timely decisions necessary to maintain forward progress. Is discerning and applies situational knowledge to determine appropriate action or escalation.
    • Process Management Orientation - Maintains standardized, repeatable processes that are efficient and effective, while not being routinized, and keeps an eye on continuous improvement opportunities, utilizing automation whenever possible.
    • Planning and Organizing - Developing, implementing, evaluating, and adjusting project plans to reach goals, while ensuring the optimal use of resources. A natural self-starter with persistence, initiative and a high-energy level work ethic.
    • Effective Communication - Communicating ideas and information verbally and in writing to ensure that information and messages are understood and have the desired impact.
    • Fostering Innovation - Develops, sponsors, or supports the introduction of new and improved methods, products, procedures, or technologies.
    • Effective Collaborator - Builds rapport easily; effectively gains trust through demonstrated ability to bring value to processes by respectfully and thoughtfully challenging concepts and/or established norms. WHY IT MATTERS The ability to outsource technology to enhance customers' experiences along with improving internal capabilities creates benefits to the organization overall. However, outsourcing risks must be carefully managed, as these risks, along with other more naturally occurring risks, can create operational and resiliency challenges that must be anticipated and planned for. When a Company can successfully identify its outsourcing and resiliency risk exposures across all business operations, it can determine how to direct resources to appropriately manage and mitigate that risk. EDUCATION & TRAINING
      • Requires a Bachelor's degree with a Business Discipline
      • 5-7 years' work experience, preferably in a financial institution or large organization; experience in accounting, auditing or information technology preferable
      • Advanced knowledge of Microsoft Office Suite required.
        • Experience developing and managing cross-functional projects
          • Ability to implement new company-wide programs and new software solutions 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.

Keywords: Busey, Champaign , Risk Management Analyst, Professions , Champaign, Illinois

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