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

Date Posted: 2/13/2018

Job Snapshot

  • Employee Type:
  • Location:
    1360 West Mall Drive
    Cleveland, OH
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
  • Job ID:

Job Description

About the Job
The Risk Evaluation and Assurance Program (the “REA Program”) team has the responsibility for monitoring and evaluating various lines of business and cross functional activities performed across similar areas, and identifying and supporting effective and sustainable risk management processes across the organization. Individuals will help ensure compliance risk requirements and processes comply with regulatory requirements, Key’s Risk Management policies and program requirements and that business activities are managed within Key’s Compliance Risk Management appetite. The positions reports to a REA Program Manager.

Essential Job Functions
- Serve on a team of risk evaluation and assurance professionals, working to provide an independent Second Line of Defense approach to risk-based monitoring and evaluation by focusing on current, high impact compliance risks, developing assessments, and providing input over control effectiveness through formal reporting, as well as monitoring remediation activities.
- Gain and maintain a working understanding of applicable regulations and laws, industry trends, emerging issues and themes.
- Work independently and with a team on risk-based monitoring and evaluation activities, including assessment, monitoring and testing, analysis of findings and reporting, to ensure effective, sustainable risk management process exist.
- Demonstrate product, industry, and regulatory subject matter knowledge and ability to understand its applicability to risk management strategies.
- Demonstrates ability to translate that knowledge into scoping of risk evaluations, and testing design.
- Analyze risks and controls to identify potential weaknesses and/or control gaps.
- Clearly document the Risk Evaluation testing performed and results or conclusions in concise management reports.
- Provide heightened awareness around significant risks and proactive identification and remediation of control weaknesses or gaps.
- Review policies and procedures and associated compliance and compliance risk programs to ensure consistency with current applicable banking and securities rules, regulations, and laws.
- Identify and provide process improvement opportunities and future-state control advisory services.
- Develop and maintain strong, positive relationships with mid to senior level management, other internal clients and peers, and Audit.
- Collaborate and partner with other Risk Management teams.
- Conduct review and challenge activities and escalation, as required.
- Escalate promptly to appropriate management any material breaches of applicable laws, rules, policies or standards with an actual or potential compliance risk impact, and assist in determining the necessary corrective action.
- Participate in development and on-going enhancement of the REA Program and related procedures.

Required Qualifications
- Education/Background: Bachelor's degree
- 5+ years of risk management and/or audit experience, strongly focused on risks and controls and risk-based auditing techniques. - Knowledge of financial services compliance and operations including the related rules and regulations of the financial services industry to include: OCC, FRB, State Law, and other pertinent regulations.
- Practical knowledge of compliance and compliance processes, and applicable techniques for implementation of regulatory, compliance and legal requirements and compliance processes.
- Has high ethical standards
- Ability to work with all levels of management with a focus on customer service and relationship management.
- Ability to effectively handle challenging clients and difficult political situations.
- Strong critical thinking, detective, analytical skills, and problem solving skills.
- Excellent interpersonal, facilitation, and negotiation skill.
- Excellent marketing, sales and presentation skills.
- Excellent written and verbal communication skills.
- Strong leadership skills coupled with an ability to influence others.
- Autonomous, self-motivated, and flexible with the ability to adapt quickly to change or shifting priorities in a fast-paced environment.
- Experience managing initiatives requiring strategic planning/thinking across multiple functional areas and business partners.
- Broad understanding of banking across all lines of business.
- Knowledge of consumer compliance laws & regulations.
- Proficient with advanced concepts of Microsoft Word, Excel, and PowerPoint.

*Position can be filled as a Risk Assurance Analyst (Job Grade 81) or Sr. Risk Assurance Analyst (Job Grade 83).

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: 27591BR