Risk Management Intern

Busey Bank•Champaign, IL

1d•$20

About The Position

Busey Bank, a growing financial institution with over 150 years of service and operations across ten states, including Illinois and Kansas, is seeking an initiative‑taking and intellectually curious Risk Management Intern to join our Enterprise Risk Management (ERM) team for the summer. This internship is ideal for students in quantitatively focused undergraduate or graduate programs who want hands‑on experience applying analytical, data, and risk-based skills in a real banking environment. As a Risk Management Intern, you will contribute to the maturity and scalability of the Bank’s risk programs and support strategic priorities across the enterprise. Throughout the internship, you will work closely with an experienced risk professional(s) and gain exposure to risk domains such as: Operational Risk – management information systems, process analysis, risk event reporting. Information Security Risk – cybersecurity governance, control testing, access management fundamentals. Enterprise Risk Management – risk assessments, risk appetite monitoring, KRIs, scenario analysis. Compliance Risk – regulatory requirements, compliance testing, fair and responsible banking, financial crimes. Model Risk Management – model documentation, testing, governance, and validation practices. Your internship will be project‑based, with opportunities to contribute to foundational elements of risk management programs or to enhance existing frameworks to support Busey’s continued growth. From this experience, you will gain: Hands-on exposure to bank risk management operations within a $20B regional commercial bank. Practical experience applying classroom theories to real-world risk challenges. Mentorship from industry practitioners across multiple risk disciplines. Opportunities to develop technical, analytical, and communication skills. Experience producing deliverables aligned with regulatory expectations and risk frameworks. A meaningful project portfolio that can support future career opportunities.

Requirements

Candidates must meet one of the following criteria: Currently enrolled in a Bachelor’s degree program with a focus in business administration, operations management, management information systems, business analytics, computer information sciences, finance or related areas of study. Or, hold a Bachelor’s degree in the fields above and actively enrolled in a Master’s degree programs for MBA, risk management, business analytics or related fields.
0-3 years of experience in risk management, business analytics, or financial modeling (internships and research projects considered).
Experience with business analytic tools (e.g., PowerBI, Tableau, etc.).
Proficiency in Microsoft Office, specifically Excel and PowerPoint.
Familiarity with programming languages such as Python, R, MATLAB, or SQL.
Experience leveraging AI agents for coding, model development and problem solving.
Effective communication skills with the ability to translate complex concepts/findings into actionable business insights for non-technical audiences.
Demonstrated problem-solving capabilities, attention to detail, and intellectual curiosity.
Ability to work effectively independently and within team settings.
Customer Service - Adheres to The Busey Promise service standards set by Service Plus (Busey’s service model) to anticipate and exceed the needs of our customers, both internal and external.
Functional Knowledge and Technical Skills - Skilled in job-specific knowledge that is necessary to provide the appropriate quantity and quality of work in a timely and efficient manner
Accountability - Work behaviors demonstrate responsible personal and professional conduct, which contributes to the overall goals and objectives of Busey

Responsibilities

Support the development and enhancement of ERM, operational risk, compliance risk, information security risk, or model risk management processes and documentation.
Assist with risk assessments, including data gathering, risk/control evaluation, and reporting.
Conduct analysis of operational metrics, loss data, KRIs, and other datasets to identify trends and emerging risks.
Build or enhance dashboards and reporting tools using Power BI or similar analytic platforms.
Work with cross‑functional partners to evaluate controls, process maps, and risk indicators.
Participate in compliance reviews, information security governance activities, or model inventory documentation depending on assigned track.
Perform research on regulatory expectations, industry practices, and risk frameworks such as COSO, FFIEC, and NIST.
Leverage AI/ML tools or agents (e.g., GitHub Copilot, ChatGPT‑style tools) for coding, data analysis, or automation opportunities.
Prepare clear, concise, and actionable presentations or reports for project sponsors and risk leaders.
Exhibit high standards for customer service through adherence to The Busey Promise and Service Plus service model.