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REMOTE ELIGIBLE OPPORTUNITY

WHAT YOU'LL DO

The Senior Compliance Testing Officer will lead and conduct complex second line compliance testing and evaluate first line business controls monitoring reports. The incumbent will conduct testing to assess Busey Bank's compliance with consumer protection laws and regulations and adherence to internal policies and procedures. Additionally, the incumbent will assist the Compliance Testing Program Manager in ensuring adherence to all applicable laws, regulations, and policy requirements; maintaining compliance testing standards, procedures, and protocols; issue management oversight; and management reporting.

The Compliance Testing team is responsible for determining the scope and depth of compliance testing; gathering necessary information from the line of business to perform the review; conducting field work and testing; keeping the line of business informed on the progress of the review; issuing reports on a timely basis in order to keep the line of business informed on any emerging risks; keeps management informed through reporting; and issue tracking and retesting.

Duties & Responsibilities:

• Execute compliance testing with limited supervision, including assessing key risks and evaluating associated control design and effectiveness.
• Assess and develop the scope of compliance testing, employing a risk-based approach to ensure adequate testing coverage of key risks and controls.
• Draft scoping document and create workpapers that include applicable regulatory requirements and adherence to established compliance testing standards, procedures, and protocols.
• Lead or participate in related meetings and complete all required documentation that supports the work performed in accordance with compliance testing standards, procedures, and protocols.
• Document field work completed in a manner that is repeatable and auditable.
• Communicate test results to Compliance and line of Business management both orally and through written compliance testing reports.
• Identify the root cause for violation of federal law or regulation; and internal policy, procedures, or other control deficiencies.
• Recommend rating for identified issues based on the work performed, taking into account the risk presented to the Bank.
• Present suggestions for process improvements, corrective actions and evaluate the timeliness and proposed remedial actions by Business management.
• Draft findings, observations and final reports that adequately support conclusions and require minimal editing.
• Track and retest closed/resolved findings to validate the effectiveness of the corrective action taken by the line of business.
• Ensure the compliance testing system is updated in a timely manner to reflect the current status of compliance testing and issues for management reporting purposes.
• Maintain organized and complete final compliance testing documentation records in accordance with the established compliance testing standards, procedures and protocols to support the steps taken during compliance testing.
• Build effective relationships with colleagues to enable partnership and collaboration for control related matters.
• Recommend opportunities to update the compliance testing plan based on observations during the execution of test work.
• Identify opportunities to enhance operational efficiency and effectiveness both for operational processes being reviewed and the Compliance Testing Program.
• Take ownership of projects and other work assignments to ensure they are carried out correctly and in a timely manner.
• Comply with all federal and state laws and regulations.
• Assist subordinate team members with guidance and support.
• Assist with maintaining compliance testing standards, procedures and protocols by performing periodic quality control reviews.
• Assist with the preparation of periodic and ad-hoc reports for management, committee and Board of Directors.
• Assist with other compliance-related projects and tasks as requested.

WHAT YOU'LL BRING

Knowledge of:

• Strong verbal and written communication skills
• Strong investigative interview and presentation skills
• Strong project management skills; high degree of initiative and excellent organization skills; ability to multi-task and reprioritize tasks as needed.
• Strong compliance laws and regulations knowledge governing Bank operations, such as TISA, EFTA, TILA, RESPA, HMDA, CRA, BSA/AML, Fraud, Privacy, UDAAP, etc.
• Experience with supervisory compliance examination under CFPB, FDIC, FFIEC and FinCEN
• Microsoft productivity suite of programs

Ability to:

• Work independently and complete assignments on time and completely
• Work as a team to meet project deadlines
• Use appropriate judgment with regard to issue priority and communication
• Research, interpret and apply regulatory compliance laws, regulations, and guidance and provide solutions
• Leverage data/systems to automate or streamline testing routines

WHY IT MATTERS

Be part of our growing team! The Compliance Testing team is a main pillar of the Bank's compliance management system. Working in a rapidly growing company and team means you will have an opportunity to learn and grow as a compliance risk management professional. Learn about the processes, systems, controls, and regulations applied across the Bank. Make an impact on the growth and development of the team. Be in a role that has opportunities to grow with the Bank across compliances disciplines (e.g., BSA/AML, Fraud, Regulatory Compliance Advisory, Fair and Responsible Banking, etc.).

EDUCATION & TRAINING

• Bachelor's degree or equivalent work experience in the financial industry required.
• Business or Finance degree preferred.
• 5-7 years of experience in compliance risk management or validation of compliance risk controls effectiveness.
• Experience in corporate compliance, audit, operational risk and controls compliance, regulatory agency, or dedicated compliance practices within consulting firms preferred.
• Certified Regulatory Compliance Manager (CRCM) professional certification or obtained within 12 months preferred.

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, work authorization status, work disability, order of protection or any other characteristic protected by applicable law or other non-merit based factors.