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Operational Risk Analyst in Cleveland, OH at Key Bank- Corporate

Date Posted: 2/28/2019

Job Snapshot

  • Employee Type:
  • Location:
    Cleveland, OH
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:

Job Description

Essential Job Functions
  • Assist in the system maintenance of Event Collection System (ECS) which includes maintaining system access and framework elements, uploading files, creation of output files and reports, and document maintenance.
  • Assist in gathering and analysis of loss data for significant ORM projects (i.e. Product Delivery and Change Management)
  • Manage the data collection process and maintain standards and procedures established by the Basel II Advanced Measurement Approach (AMA) requirements. Continue to identify and enhance sources of and processes to collect operational loss events, operational exposures and credit boundary events.
  • Assist in working with data providers including Fraud, Legal, Insurance and Workers Compensation as well as business reviewers for events originated by other areas to ensure data quality and provide guidance and training for the collection process and ECS.
  • Maintain various organizational and financial hierarchies, as well as taxonomy and various category frameworks such as risk type, product, process and cause, for reporting requirements.
  • Assist in the preparation of reports using operational loss event data including quarterly Operational Risk Committee (ORC) report, monthly data extracts for the GRC system, quarterly extract to the data consortium, and select regulatory reporting, data extracts for capital modeling and stress testing, and developing new reports.
  • Enhance the use of external event information from public databases and consortiums to better understand trends and emerging issues for use in internal reporting.
  • Work with technology support staff for timely updates and maintenance to the ECS utilities used to process and report loss data including general ledger and hierarchy processing, and event creation and reporting utilities
  • Identify, monitor, and resolve exceptions related to applicable Operational Risk Systems (e.g., Event Collection, Governance Risk Compliance (GRC), etc.).
  • Manages Event Collection Subject Matter Expert recorder activities.
  • Escalates promptly to appropriate operational risk team member, senior management (LOB and/or Operational Risk) any material breaches of tolerances, appetite, standards
  • Effectively and professionally interact with senior management, internal risk review personnel as well as other Operational risk peers;
  • Maintain the Operational Risk Event Collections KeyNet Homepage, and K-Drive.
  • Assist with internal and external audit, examination, regulatory inquiry and investigation requests for information. Also, assist in the evaluation of audit and examination findings, implementation of corrective action and needed responses;
  • Assist with other asks as required to ensure team objectives are achieved, even where outside usual area of responsibility

Required Qualifications

  • Bachelor’s Degree preferred (equivalent experience may be considered)
  • 1-2 years of compliance, operational risk, data analytics, or industry-related experience (i.e. Understanding of bank processes, organizational structure and financial systems)
  • Proficient in Microsoft Office tools such as Excel, PowerPoint, and the proven ability to learn how to use other unique technologies
  • Candidate must possess the wherewithal and flexibility to undertake new functions/tasks as the Operational Risk and line of business evolves and grows
  • Proven ability to work in a team environment
  • Sound decision-making skills; able to make decisions independently
  • Solid written and communication skills
  • Strong research skills coupled with strong problem solving/analytical skills and ability to effectively summarize findings
  • Organizational skills and attention to detail
  • Self-motivated
  • Ability to multi-task and work in a fast-paced, changing environment


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.

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