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Compliance Associate in Brooklyn, OH at Key Bank- Corporate

Date Posted: 9/11/2020

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    4900 Tiedeman Road
    Brooklyn, OH
  • Date Posted:
    9/11/2020

Job Description

Essential Job Functions
This position is in the Financial Crimes Governance OFAC Compliance Team within the Compliance group of Risk Management.
*Flexible hours to provide for coverage as needed till 6:00 pm, with a possibility to extend to 7:00 pm depending on bank’s needs.
  • Review and disposition system alerts, transactions, and perform due diligence on clients that present sanctions risk to the organization.
  • Work closely with AML operations to ensure compliance with AML requirements including onboarding, enhanced due diligence, and investigations reviews.
  • Coordinate the dissemination of regulatory compliance regulations, related laws and guidance to Key's lines of business (LOBs) to ensure corporate-wide compliance with regulatory requirements.
  • Act as corporate Subject Matter Expert resource for complex Anti-Money Laundering laws and regulatory requirements, this includes, but is not limited to, Bank Secrecy Act (BSA), USA PATRIOT Act, and Office of Foreign Assets Control (OFAC).
  • Effectively partner and establish trusted relationships with LOB contacts, senior level management, the law group, marketing and others, regarding corporate-wide compliance issues and the identification and mitigation of compliance risk.
  • Perform complex compliance tasks as assigned. This includes, but is not limited to, merger and acquisition activities, contract reviews, risk assessments, compliance risk mitigation strategies, new or existing system and/or operational implementation.
  • Interact, at the direction of the OFAC Officer, with regulatory agencies and the Risk Review Group to respond to examination information requests, address exam findings, and respond to requests for comment.
  • Support GRC testing and controls with self-testing and assisting in the development of new controls to assist in mitigating sanctions risk.
  • Assist the OFAC Officer in new business initiatives (new product development and product analysis to ensure sanctions compliance risks are appropriately identified and mitigated.
  • Special projects/other duties, as assigned

Required Qualifications
  • Bachelor’s degree in business, finance, legal or related field
  • 5 to 7 years’ experience in banking, compliance or audit related activity desired
  • Strong research, analytical, and problem-solving skills
  • Flexible hours to provide for coverage as needed till 6:00 pm, with a possibility to extend to 7:00 pm depending on bank’s needs.
  • Well-developed relationship building skills and ability to work in a team environment


FLSA STATUS:Exempt

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.

43970BR

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