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Risk Analyst II - Qualitative Risk Assessment in Cleveland, OH at KeyBank

Date Posted: 1/16/2021

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    127 Public Square
    Cleveland, OH
  • Date Posted:
    1/16/2021

Job Description

ABOUT THE JOB

Qualitative Risk Assessment (QRA) is responsible for overseeing and conducting independent risk assessments of non-models and tools. Key uses non-models and tools (referred to collectively as non-model qualitative processes) to support its business functions, including estimating and managing risk exposure and losses, identifying idiosyncratic risk exposures, calculating risk-based pricing, and analyzing various business strategies. As part of its use of these non-model qualitative processes, Key is exposed to Qualitative Risk. Qualitative Risk is the risk to KeyCorp’s earnings, capital, strategy or reputation due to the misuse or failure of a qualitative process. As part of the Qualitative Risk Management Program, this risk is monitored and managed to ensure the ongoing accuracy, suitability and reliability of Key’s qualitative processes.

Non-model qualitative processes use considerable business expertise and judgment, and generally require technical skills to build, implement, and manage them. Consequently, independent assessments are conducted to ensure that processes and methodologies used for non-models are meeting the requirements of the Non-Model Qualitative Process Standards.

The Qualitative Risk Analyst II will work with the team in the completion of independent assessments conducted to ensure that processes and methodologies used for non-models are meeting the requirements of the Non-Model Qualitative Process Standards. Through a series of meetings, interviews and research, the individual will apply the Non-Model Qualitative Process Review and Challenge Standards in the development of a formal report that contains a concise description of the assessment; and consists of a summary of the non-model use, scope, materiality, and supporting material to establish the approval conclusion. The individual will gather information from formal documentation on assumptions made, and methodologies/processes developed, in order to approve non-qualitative process and review results for reasonableness. The position will report to the Quantitative Analytics Manager and work closely with the Risk Modeling & Analytics, Capital Management and Treasury teams.

ESSENTIAL JOB FUNCTIONS
  • Interface on behalf of QRA & MEIRT with the Capital Management, Treasury teams, and Risk Modeling and Analytics in the administration of the Qualitative Risk Management Program, delivering presentations to these groups as needed.
  • Assist in the development and completion of independent qualitative risk assessments of the assigned non-model qualitative processes to ascertain soundness of employed methodologies used to approximate, estimate control or manage risk in accordance with the Non-Model Qualitative Process Review and Challenge Standards and Procedures.
  • Testing of appropriateness of the controls designed for the data, methodology, and estimates applied to non-model qualitative processes.
  • Assist in the development and ongoing strategic enhancements of criteria used in the assessment of the materiality of a non-model qualitative process
  • Analyze and synthesize market risk and other quantitative risk results to quantify, demonstrate and understand of the impact of changes in the macroeconomic environment, exposure levels and methodology / modeling assumptions.
  • Provide analysis to regulators, senior management, and Model and Qualitative Risk Committees, as directed
  • Coordinate the development and documentation of departmental procedures as required

MARGINAL OR PERIPHERAL FUNCTIONS
  • Perform additional duties or project work as assigned.
REQUIRED QUALIFICATIONS
  • A Bachelor’s degree or equivalent is required (preferably in a quantitative field such as Economics, Finance, or Mathematics). Master’s degree preferred.
  • 1-3 year(s) of banking or financial industry knowledge and experience is required.
  • Proficient in Microsoft suite (Word, Excel, Access, Dbase, PowerPoint, etc.)
  • Obtain basic knowledge of Risk Management and Bank industry.
  • Exhibit strong and record-proven analytical skills. Be able to exercise good judgement, employ reasoning skills, exert positive influence and work independently.
  • Good technical expertise. Be able to interpret data, evaluate quantitative and qualitative analysis and stress testing results.
  • Ability to work under pressure and adhere to strict deadlines with an excellent attention to detail and ability to multi-task.
  • Excellent written and verbal communication skills, especially in relation to policies and procedures, and effective facilitator of group discussions. Ability to document processes and effectively challenge business units for risk and control purposes.
  • An inquisitive nature, strong communication and negotiation skill are required to effectively obtain business requirements and approvals from various stakeholders; detail orientation, strong interpersonal skills, accuracy, focus and teamwork are required
  • Ability and willingness to take initiative, assume accountability and drive for the results.

PREFERRED QUALIFICATIONS
  • FRM or CFA is a plus but not required.
  • Prior experience working for a commercial bank, investment bank and/or on Risk Management function is preferred but not required.
  • Prior product knowledge of Commercial/Consumer loans and/or Capital Markets is desired but not required.
  • Demonstrated ability to set priorities, organize workflow and manage multiple tasks concurrently; strong ability to act resourcefully, conduct fact-finding research work and well under pressure and deadlines
  • Proven strong problem solving, analytical and technical skills to understand and identify business needs in order to communicate solutions
  • Operational auditing, risk assessment and prior exposure to commercial banking areas such as credit risk, market risk management, portfolio management, corporate treasury, or other financial reporting processes is preferred.
  • Prior exposure to Regulatory Risk including but not limited to CECL, CCAR and/or DFAST filing and modeling experience is desired but not required.
  • Demonstrated knowledge and experience in understanding a variety of quantitative methodologies, and modeling tools use in the estimation of risk is a plus.
  • Knowledge of financial reporting systems and proficiency in database management platforms, Microsoft suite (Word, Excel, PowerPoint), Statistical Software (SAS, R, MATLAB), and visualization tools such as Tableau. Working knowledge of GRC software is a plus


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.

45630BR

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