The Operational Risk Analyst II will be responsible for ensuring the successful operation and ongoing enhancement of firm’s Operational Risk Management (ORM) Program.

Primary Responsibilities

• Mitigating risks arising from internal processes, people, and systems.
• Participate in the application of operational risk policies, technology and tools, and governance processes to create lasting solutions for minimizing losses from failed internal processes, inadequate controls, and emerging risks.
• Independently assess’ risks and drives actions to address the root causes that persistently lead to operational risk losses by challenging both historical and proposed practices.
• Plan, test and report on Operational Risk issues.
  • Tests and monitors key controls which have been identified for each Business Unit and document results. They will also communicate with the First Line of Defense on any deficiencies or control gaps and ensures appropriate remedial actions are in place where deficiencies are identified.
•  Assist in the responsibility for the institutionalization of the KRI and KPI framework for business units, for assisting units with the design and development of the program components
• Assist in other general risk management duties as assigned by management.

Education, Experience & Skills Required

Knowledge of:

• Operational risk and control indicators for the enterprise.
• Appropriate review of the financial impact of operational incidents, loss events, root cause and business impact analysis.
• Working together and collaborating with all three Lines of Defense at the bank.
• Developing and maintaining technical knowledge of systems and data to ensure optimal use of technology.

Ability to:

• Gather operational risk-related data from internal or external resources and conducting analyses to quantify risks.
  • Governance and implementation of a Loss Reporting framework will be instrumental.
• Investigate the procedures/processes an organization undertakes in the course of its operation and document these activities, tightening up procedures where necessary.
• Oversee the consistent implementation of policies and procedures

Education and Training:

• Applicants for the Operational Risk Analyst II role are required to have a minimum of bachelor’s degree or equivalent.
• Candidate must possess a solid understanding of process, risk, and control design concepts and governance from an operational risk management or audit perspective, as well as working knowledge (possess 6+ years’ experience)
• Loss Event/Reporting experience is preferred.
• Experience working with the Archer GRC platform or another GRC system is preferred.
• Working knowledge of ad hoc reporting and research analysis experience. Candidate should also understand federal, state, and agency standards, and guidelines. Also required to have the ability to execute routine (e.g. risk control self-assessment) and non-routine (e.g. investment initiatives independent review) risk management processes.

Remote Eligible In: Illinois, Indiana, Missouri, Florida, Ohio, Delaware, and Massachusetts

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.