Quant/Modeling Associate - Compliance in Cleveland, OH at Key Bank- Corporate

Date Posted: 10/3/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    127 Public Square
    Cleveland, OH
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    10/3/2018

Job Description

ABOUT THE JOB

Compliance Data Analyst for Compliance Risk will provide research and analytical support to a team of risk professionals supporting Key’s Compliance Risk Program. The person will assist with surveillance and analysis of risk data, recommending mitigating actions, and leading risk projects as assigned, which address efforts to mitigate and discourage actions that may expose KeyCorp and its affiliates to regulatory, compliance, strategic or reputation risks through its business activities which should be consistent with KeyCorp's Compliance and Compliance Risk Policies and Program requirements.

Activities would consist of:
  • Daily review of systems, reports, identification of exceptions and research and follow up on those exceptions in a timely manner.
  • Developing customized reports to assess risk trends and improvement opportunities.
  • Escalate issues when appropriate.
  • Provide support on an "as needed" basis for ad hoc projects as they may develop.
  • Assist with the implementation of control testing plans, monitor execution, and follow-up on identified action plans to ensure timely resolution.
  • Conduct research on current and emerging requirements related to regulations, laws, and rules affecting Line of Businesses within, as well as assist with the risk assessment process and control standards.
  • Establish effective business relationships, displaying an ability to interact and promote a good day-to-day rapport with 1st, 2nd and 3rd Line of Defense Stakeholders throughout the organization.
  • Identify needed enhancements to current process flows and help to implement change.
ESSENTIAL JOB FUNCTIONS
  • Conduct monitoring and surveillance activities as directed by manager.
  • Identify, monitor, and resolve exceptions related to applicable
  • Assist in the building and running of fair lending analysis regression models.
  • Compliance Risk Systems (e.g., Event Collection, Governance Risk Compliance (GRC), etc.).
  • Assist with data gathering and analysis to support Compliance Risk Scenario Development activities.
  • Manage quality assurance activities related to enterprise Compliance Risk processes (e.g., GRC).
  • Complete risk data analysis, manage standard reporting and develop customized compliance risk trend reporting related to risks, controls, findings, etc. Distribute reporting to Compliance Risk Team with insights and recommendations.
  • Manages the Regulatory Change Process for Compliance Risk which includes evaluating the applicability of changes to regulations, laws, rules on applicable business units and compliance risk processes within Key, conducting gap analysis and working with business units to create Management Self-Identified Findings as applicable and associated remediation plans to address findings.
  • Works with LOBs to identify risks, controls and gaps requiring remediation. Responsible for ongoing maintenance and up keep of process flows, and associated heat maps identifying gaps, remediation plans and target SLAs.
  • Escalates promptly to appropriate compliance risk team member, senior management (LOB and/or Compliance Risk) any material breaches of applicable laws, rules, policies, tolerances, appetite, standards, tolerances, SLAs, etc.
  • Follow through with LOB management and/or appropriate compliance risk personnel to ensure appropriate corrective action is taken to sufficiently address findings/issues to prevent ongoing systemic issues;
  • Effectively and professionally interact with senior management, regulatory agency personnel, internal legal counsel, internal risk review personnel as well as other Compliance risk peers;
  • Effectively collaborate with applicable stakeholders to identify suitable internal controls to ensure compliance with laws and regulations; identify gaps in internal control effectiveness;
  • Timely escalate issues and exceptions to management in accordance with procedures and/or based on sound judgment;
  • Create and update regulatory risk registry as necessary to reflect changes, impact and necessary actions.
  • Continuously evaluate risks and controls within the compliance program and recommend revisions as needed;
  • Keep abreast of new rules and regulations as well as current surveillance techniques;
  • Assist with review of the line of business policies and procedures, provide guidance to ensure effectiveness, ensure procedures are aligned with Key’s Standard Compliance Procedure Guidance.
  • Assist with the development and update of Enterprise Compliance Risk Procedures/Policies and program documentation.
  • Maintain responsibility for Compliance Risk KeyNet Homepage, K-Drive and SharePoint sites. Including access control management.
  • 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;
  • Attend various Compliance and line of business meetings; participate in LOB committees as appropriate;
  • Assist with other asks as required to ensure team objectives are achieved, even where outside usual area of responsibility.
REQUIRED QUALIFICATIONS
  • Bachelor’s Degree
  • 1-2 years of compliance, compliance risk, data analytics, audit, or industry-related experience
  • Experience using SAS, R and/or Tableau
  • Proficient in Microsoft Office tools such as Excel, Access, 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 Compliance 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

ABOUT KEY:
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.

ABOUT THE BUSINESS:
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.

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.

JobID: 32039BR

Not Ready to Apply?

Joining our Talent Network will enhance your job search and application process. Whether you choose to apply or just leave your information, we look forward to staying connected with you.