Position Summary
The Enterprise Risk Management Reporting Manager will support First Busey Corporation’s ERM framework through insightful analysis of risk data and the development and publication of risk management reporting. This position plays a critical role in supporting the risk management objectives of a growing financial institution and an evolving ERM program.
Duties & Responsibilities
- Serves as a key contributor in the Second Line of Defense building strong relationships with First Line stakeholders to facilitate meaningful risk discussions and data sharing.
- Collects, analyzes, and summarizes risk data for management, committees, and directors, and develops a comprehensive report inventory to meet diverse stakeholder needs.
- Identifies, monitors and reports risk exposures across various categories, escalating risk issues and tolerance breaches as appropriate.
- Monitors the risk and control environment to maintain acceptable exposure levels and advises on the development of risk mitigation plans.
- Conducts research on actual and potential risk issues, staying informed about economic and industry trends; benchmarks risk data for comparative analysis and context.
- Partners with the First Line to develop forward-looking risk reports that monitor strategic and emerging risks relevant to the Company’s operations.
- Develops and maintains a library of KPIs, KRIs and EWIs for enterprise-wide risk monitoring.
- Establishes efficient processes for data extraction, report generation, and data analysis to identify risk trends, leveraging existing data sources and subject matter expertise.
- Creates ad hoc risk reports to support management's needs for special projects or initiatives.
- Coordinates the Enterprise Risk and Management Risk Committees, including preparing agendas, organizing Board Books, ensuring timely policy reviews, and aligning committee activities with strategic priorities. Works closely with committee members to ensure presenters are prepared and risk appetite metrics are accurately reported.
- Prepares and maintains accurate minutes for the Enterprise Risk and Management Risk Committees, documenting discussions, decisions, and action items.
Education & Experience
Knowledge of:
- Customer Service – Adheres to The Busey Promise service standards and executes through Busey’s vision of Service Excellence in order to anticipate and exceed customer needs.
- Analytical Skills – Brings high-level quantitative and analytical skills to effectively challenge First Line of Defense. Problem Solving Skills – Commits to action, even in uncertain situations, by making sound and timely decisions necessary to maintain forward progress.
- Effective Communication – Communicates ideas and information verbally and in writing to ensure key points are clearly outlined and have the desired impact; creates high-quality presentations and reports that convey information clearly and concisely.
- Process Management Orientation – Creates and maintains standardized, repeatable processes that are both efficient and effective; keeps an eye on continuous improvement opportunities and utilizes 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.
Ability to:
- 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.
- Synthesizes Data – Distills large quantities of data and information in a way that provides business leaders, management and board members with insights needed to make decisions; can connect data points to build and convey key messages and themes.
Education and Training:
- Requires Bachelor’s degree in Accounting, Finance, Economics (or equivalent) required; MBA or equivalent advanced degree preferred.
- 5-7 years’ experience (preferably) in risk management, auditing, accounting, or finance functions; Financial Services Industry experience required. Experience in quantitative analytics preferred; risk management certifications a plus.
- Advanced knowledge of Microsoft Office Suite required; Business Intelligence (BI) tools experience preferred.
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 Busey.com/Careers to learn more about Busey’s Equal Opportunity Employment.
What We Do
As of September 30, 2023, First Busey Corporation (Nasdaq: BUSE) was a $12.26 billion financial holding company headquartered in Champaign, Illinois.
Busey Bank, a wholly-owned bank subsidiary of First Busey Corporation, had total assets of $12.23 billion as of September 30, 2023, and is headquartered in Champaign, Illinois. Busey Bank currently has 46 banking centers serving Illinois, eight banking centers serving Missouri, three banking centers serving southwest Florida, and one banking center in Indianapolis, Indiana.
Through Busey’s Wealth Management division, the Company provides asset management, investment, and fiduciary services to individuals, businesses, and foundations. Assets under care totaled $11.55 billion as of September 30, 2023.
Busey Bank’s wholly-owned subsidiary, FirsTech, specializes in the evolving financial technology needs of small and medium-sized businesses, highly regulated enterprise industries, and financial institutions. FirsTech provides comprehensive and innovative payment technology solutions including online, mobile, and voice-recognition bill payments; money and data movement; merchant services; direct debit services; lockbox remittance processing for payments made by mail; and walk-in payments at retail agents. More information about FirsTech can be found at firstechpayments.com.
Busey Bank is honored to be named among America’s Best Banks by Forbes magazine for the second consecutive year. Ranked 26th overall in 2023, compared to 52nd in last year's rankings. Busey was named among DiversityInc’s Top Regional Companies. The DiversityInc Top 50 survey is the external validator for large U.S. employers that model fairness in their talent strategy, workplace and supplier diversity practices, and philanthropic engagement. We are honored to be consistently recognized nationally and locally for our engaged culture of integrity and commitment to community development.
For more information about us, visit busey.com.