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Position Summary

As a Model Governance Risk Analyst (MGRA) II, your primary responsibility will be managing and reporting on the Bank's model inventory in support of the institution's maturing Model Risk Management program. In this position, you will cultivate positive working relationships with model owners and developers to proactively identify and mitigate risks, identify opportunities and develop solutions to enhance the Model Risk Program, and create timely and insightful reporting for Senior Management and the Board of Directors. This position provides you with an opportunity to develop in a growing financial institution and shape the Model Risk Management program.

Duties & Responsibilities

• Lead the management of the Company's Model Risk Management (MRM) inventory of models and non-models, including to ensure completeness and accuracy of the model inventory, required actions are completed timely, and compliance with the MRM Policy and Program
• Maintain the MRM module within the Company's Archer GRC platform
• Be well-versed in the Company's universe of models, including how the models are used, who owns them, their assumptions and limitations, and what deficiencies exist and how they are mitigated
• Manage the inventory of MRM Program metrics as well as model specific metrics, reporting on Program and model performance periodically
• Be the subject matter expert for model owners on FRB and FDIC guidance and keep abreast of industry best practices for Model Risk Management
• Oversee the monitoring of model validation identified Findings through resolution(s), and sufficient and timely reporting to management as required
• Leverage disparate data sources to develop insightful and thought-provoking quarterly reporting for management, management oversight committees, and the Board of Directors
• Organize MRM Working Group meetings, including agendas, materials, and coordination with guest presenters
• Present quarterly updates to the MRM Working Group
• Assist with the development and administration of Model Risk Management Policy, Program, and procedures as well as Model Risk training and education initiatives
• Transform the Company's Non-Model / EUC Program to be consistent with regulatory expectations and industry best practices
• Lead the Non-Model / EUC annual reviews to ensure compliance with the Program
• Lead the Tier IV model reviews, including evaluation of reasonableness, the control framework, and model documentation
• Collaborate with Director of MRM to complete reviews of model ongoing monitoring to assess model performance and monitoring efforts
• Lead the annual program gap analysis, recommending and implementing solutions to improve the MRM framework
• Support special projects as necessary

Education & Experience

Knowledge of :

Education and Training :

Remote eligible in Delaware, Florida, Georgia, Illinois, Indiana, Massachusetts, Missouri, and Ohio

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.