Compliance and Control Analyst II in Brooklyn, OH at Key Bank- Corporate

Date Posted: 4/4/2018

Job Snapshot

  • Employee Type:
  • Location:
    4900 Tiedeman Road
    Brooklyn, OH
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
  • Job ID:

Job Description

Essential Job Functions
This position is in the AML Compliance Team within the Financial Crimes Governance group of Risk Management.
Develop a level of knowledge of regulatory requirements to support Subject Matter Experts in addressing Anti-Money Laundering (AML) laws and regulatory requirements. This level of knowledge and support includes, but is not limited to, Bank Secrecy Act (BSA), USA PATRIOT Act, and Office of Foreign Assets Control (OFAC). Provide advice/consult to AML Compliance Team, and the supported lines of business regarding complex compliance issues with a focus on sanctions compliance. Perform analysis of sanctions alerts and the clearing steps necessary to mitigate the risk presented. Enforce AML compliance standards through well-communicated guidelines and by the establishment of protocol (e.g., establish/approve policies, establish minimum guidelines). Manage compliance issues and their resolution. Research and gather data from Key systems (e. g., core banking, client due diligence, policies and procedures systems) to support AML Compliance Team Subject Matter Experts, Managers and the Chief AML Officer. Participate on behalf of AML Compliance Team in the assessment and development of new business initiatives. Interact with clients within the organization in order to communicate and 'sell' complex concepts and issues as appropriate. Assist in the review and/or preparation and presentation of training materials and internal communications. Research sanctions laws and regulations and maintain compliance reference materials. Assist in maintaining/updating compliance testing procedures and reviewing testing results. Ensure training needs are implemented. Perform review of client information and provide recommendations based on the risk level presented. Support Key’s OFAC Officer, AML Compliance Team managers and the Chief AML Officer as requested.

Required Qualifications
- Bachelor's degree or equivalent banking experience
- Three (3) or more years compliance, audit, regulatory examiner experience or equivalent banking experience with emphasis on regulatory compliance
- Basic knowledge of banking laws and regulations with emphasis on the OFAC sanctions
- Sound decision-making skills
- Ability to prioritize tasks and responsibilities
- Proficient oral, written and interpersonal skills
- Background in analytical and project management skills
- Ability to read regulations and respond to questions requiring interpretation
- Ability to identify and understand critical compliance risks and issues
- Proven organizational skills and self motivation
- Common office skills including knowledge of personal computer applications (e. g., Microsoft Office, SharePoint, Lotus Notes) copier, and facsimile devices

Preferred Qualifications
Experience with OFAC compliance and/or OFAC screening processes
- Experience with customer due diligence reviews for BSA, AML and OFAC risks
-Knowledgeable about banking/business organizational structures and understanding of how to get things done through formal channels and informal networks
- Understanding of monetary card instrument programs (e. g., credit cards, ATM and Debit cards, and prepaid cards), including roles and responsibilities of Operating Institutions, Acquiring Institutions and Issuing Institutions
- Understanding of emerging payment methods, technologies and the related compliance risks
- Experience in vendor management for outsourced or relied upon business processes related to AML compliance topics
- Understanding of risk and control self assessment, including the GRC/Archer system

KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $134.5 billion at March 31, 2017. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. KeyBank is Member FDIC.

Key Enterprise Risk Management provides leadership on risk management strategies and initiatives for credit, market, compliance and operational risk, as well as portfolio management, quantitative analytics and asset recovery activities. Key's objective is to achieve and sustain strong enterprise risk management practices consistent with industry standards and regulatory expectations in support of business strategies. To reach this goal, risk is identified, measured and managed in a manner that promotes effective decision-making and instills accountability. A strong risk culture is critical to achieving our vision to become the best regional bank in the U.S.


KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

JobID: 28494BR