Compliance Officer - Regulatory Compliance Program

Position Summary

• Assist in the oversight of Busey Bank's compliance with Federal and State banking regulations. The Compliance Program Specialist will be an integral part in executing the Regulatory Compliance Program;
  • Responsible for executing and implementing policies and procedures related to the Regulatory Compliance Program. The Regulatory Compliance Program consists of:
    • Regulatory Compliance Risk Assessment,
    • UDAAP Risk Assessment
    • Regulatory Change Management,
    • Key Compliance Risk and Performance Indicators,
    • Industry Risk Analysis,
    • Compliance Training, and
    • Complaints Management

• Communicate new regulatory requirements simply and efficiently to affected business units to drive changes and meet regulatory expectations.

• Advise on business unit policies and procedures to ensure consistency in achieving industry best practices and in minimizing regulatory risk.

• Coordinate, draft and present training materials.

• Provide guidance to Operational areas on Compliance and UDAAP requirements, based on documented policies and regulatory guidance.

• Assess new products for compliance and UDAAP risk and provide support during implementation.

• Review marketing and advertising collateral to ensure it is compliant.
• Implement and enhance the Bank's Compliance Complaints Management Program.
• Work with Senior Heads of Business around the Bank to manage the Bank's written responses to regulatory complaints received by consumers.
• Provide Management with periodic reports to assist them in identifying emerging risks related to various areas around the Bank.

Knowledge of:

• Federal Regulations, specifically regulations implemented and enforced by the CFPB, Federal Reserve, and State of Illinois
• Strong analytical, communication (written, verbal, presentation) skills and organization skills.
• Strong verbal and written communication skills

Ability to:

• Work independently and complete assignments on time and completely.
• Work as a team to meet project deadlines, and collaborate with key internal and external partners.
• Research, interpret, and apply regulatory compliance laws, regulations and guidance, and provide solutions.
• Leverage data/systems to automate or streamline the Regulatory Compliance Program.
• Attend compliance related meetings with business partners at the various bank regions, as applicable, in relation to the Regulatory Compliance Program.
• This position requires the ability to assess compliance and UDAAP risk in current and new bank initiatives while providing easy to understand guidance to business staff and senior management.

Education and Training:

• Bachelor's degree or equivalent work experience in the financial industry required. Certified Regulatory Compliance Manager (CRCM) professional certification or willingness to obtain within 12 months preferred.
• 5 years of compliance and/or UDAAP-related efforts and initiatives experience or combination of equivalent education/experience
• Experience in corporate compliance, audit, operational risk and controls compliance, regulatory agency or dedicated compliance practices

Benefits and Compensation

Salary offered is based on factors, including but not limited to, the job duties, required qualifications and relevant experience, and local market trends. The role may be eligible for bonus or incentives based on company and individual performance.

(Base Pay Range: $68,500 - $94,000/year)

Busey provides a competitive Total Rewards package in return for your time, talents, efforts and ultimately, results. Your personal and professional well-being-now and in the years to come-are important to us. Busey's Total Rewards include a competitive benefits package offering 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance and long-term disability, supplemental voluntary life insurance, short-term and long-term disability, wellness incentives and an employee assistance program. In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible spending accounts. Visit Busey Total Rewards for more information.

Equal Opportunity

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.

Unsolicited Resumes

Busey Bank, and its subsidiaries, does not accept any liability for fees for resumes from recruiters or employment agencies ("Agency"), without a binding, written recruitment agreement between Busey and Agency describing the services and specific job openings ("Agreement"). Busey may consider any candidate for whom an Agency has submitted an unsolicited resume and explicitly reserves the right to hire those candidate(s) without any financial obligation to the Agency, unless an Agreement is in place. Any email or verbal contact with any Busey associate is inadequate to create a binding agreement. Agencies without an Agreement are requested not to contact any associates of Busey with recruiting inquiries or resumes. Busey respectfully requests no phone calls or emails.