Data Analyst - BSA/AML & OFAC in Brooklyn, OH at Key Bank- Corporate

Date Posted: 5/16/2018

Job Snapshot

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

Job Description

Working with the Financial Crimes Risk Assessment and Analytics (FCRAA) team of the Financial Crimes Governance (FCG), this position is responsible for application and analytics related initiatives that are key to the success of KeyBank's BSA/AML/OFAC programs. The Compliance Control Analyst III works closely with Enterprise Security Services (ESS) and Risk Modeling & Analytics (RM&A) teams on activities related to BSA/AML and OFAC model optimization and validation. The candidate is expected to develop an understanding of various BSA/AML and OFAC monitoring/screening applications/models, underlying data and workflow, business and functional requirements, and assist in documenting compliance rationale for the underlying configurations. The candidate must possess a strong ability to interpret functional and non-functional requirements and report on matters such as business and technical strategy, risk and coverage assessment, data analysis, process efficiency, metrics, capacity analysis, etc.

  • Create and maintain OFAC sanctions screening model documentation which provides screening requirements and rationale for the selection of the parameters/thresholds, lists, frequency, etc.
  • Assist in sanctions screening model tuning, validation and Above-The-Line/Below-The-Line testing related activities and articulate the optimization methodology/approach in a clear and concise manner
  • Participate in activities related to the data quality dashboard program for BSA/AML and OFAC applications and assist in documenting the business definition and usage of the data collected from various source systems
  • Establish the framework to escalate and report the data errors impacting model performance and work with data stewards and other stakeholders for remediation
  • Review the line of business desktop procedures and variance form on OFAC ancillary files, and ensure effectiveness and ongoing alignment with the OFAC screening requirements
  • Support the analysis of third party vendors relied on by Key for OFAC screening
  • Assist in preparing, updating, and maintaining the OFAC procedures and other related documents
  • Assist in data analytics related efforts on Key’s risk assessment, BSA/AML and OFAC monitoring/screening processes, and provide on-demand data intelligence
  • Assist in assessing trends and inconsistencies within data sets and proactively seek out additional data to support the decision making process
  • Provide data analytics related supports to create and maintain executive level reports and dashboards
  • Research and gather data from Key systems (e. g., core banking, client due diligence, onboarding and transactions processing, policies and procedures systems) to support FCG’s Subject Matter Experts (SMEs)
  • Assist in evaluation of new products, services, and business lines to ensure monitoring and screening coverage
  • Assist with internal and external audit, examination, regulatory inquiry, and investigation requests for information, as well as, assist in the evaluation of audit and examination findings, implementation of corrective action, and needed responses
  • Assist FCG’s SMEs in interpreting OFAC lists and/or broader prohibitions outlined in country and list based sanctions and work with ESS and RM&A teams to make relevant changes in screening applications/models
  • Keep abreast of new rules and regulations as well as current surveillance and screening techniques
  • Assist with other requests as required to ensure team objectives are achieved

  • Bachelor's degree in business or technology related field and 3+ years of banking or relevant experience.
  • Proficiency with SAS, SQL, and MS Office
  • Advanced knowledge and experience of any of the Business Intelligence or data analysis applications such as SAS, Tableau, Cognos, OBIEE, SQL, Python, Crystal Report, R, etc.
  • Experience with relational databases and an ability to source data and convert it into a usable form
  • Basic knowledge of banking laws and regulations with emphasis on BSA, AML, and OFAC
  • Knowledge of banking products and services
  • Prior experience working with AML/OFAC software such as LexisNexis Bridger, ACI Money Transfer System, Fircosoft, Oracle FCCM (aka Mantas), Actimize AML, etc.
  • Ability to adapt quickly and succeed in a fast-paced and dynamic environment
  • Goal oriented and able to work independently to achieve results
  • Strong verbal and written communication skills
  • Strong computer skills (proficiency with MS Office programs required)
  • Experience in financial service industry or big four consulting is preferred

  • Familiarity with banking systems and how to maximize the use of customer and transaction data within these systems
  • One or more years of experience in AML or OFAC data analytics, or a similar area
  • Prior experience in sanctions screening applications
  • Ability to understand AML and OFAC monitoring/screening models at a theoretical level, and explain/document them appropriately for an in-depth technical review
  • Familiarity with Tableau or other business intelligence tools for visualizing data
  • Ability to understand and use statistical models in SAS, R, Matlab, Python, etc.
  • Master degree in business, administration, analytics, economics, information technology, computer science or related field.

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: 27319BR