Sr. Compliance Associate - Financial Crimes Governance in Brooklyn, OH at Key Bank- Corporate

Date Posted: 10/19/2018

Job Snapshot

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

Job Description

Working as a member of the Financial Crimes Risk Analytics team within Financial Crimes Governance (FCG), Senior Compliance Associate is responsible for transaction monitoring program related initiatives that are key to the success of KeyBank's BSA/AML/OFAC program. The candidate is expected to develop and maintain the transaction monitoring coverage assessment and framework for developing new models, enhancing existing models, and decommissioning inefficient models. The candidate is expected to develop an understanding of various BSA/AML transaction monitoring applications/models, underlying data and workflow, business and functional requirements, and assist in documenting compliance rationale for the system configurations. The role works closely with Enterprise Security Services (ESS) and Risk Modeling & Analytics (RM&A) teams on initiatives related to BSA/AML model development, optimization, and validation including review of scenarios’ intent, underlying design and review of effective alerts. The candidate must possess the strong ability to document and report on matters such as risk and coverage assessment, business requirements, data analysis, risk impact, etc. to audiences including peers, business partners, regulators, and senior management.

Job Functions:

• Responsible to create and maintain transaction monitoring coverage assessment.
• Responsible to support ESS and RM&A in review of alerts and SARs as part of the ongoing above the line and below the line tuning efforts as well as efforts related to retiring ineffective scenarios. Review the scenario intent and underlying design and provide recommendations for enhancements.
• Assist in strategizing the transaction monitoring initiatives for improving the effectiveness and efficiency of the program. Provide support to create and maintain executive level reports and dashboards.
• Assist in drafting and maintaining the framework/methodology for developing new scenarios and retiring existing scenarios.
• Work with FCRAA manager and subject matter experts in the analysis of internal referrals, legal inquiries, alerts, cases and SARs to identify trends and patterns and make recommendations to improve overall coverage and efficiency.
• Responsible to create and maintain monitoring requirement documents to develop new models based on FFEIC guidance and subject matter expert inputs.
• Identify appropriate systems access related to transaction monitoring initiatives and conduct sample alert testing.
• Assist in designing and conducting the investigative training sessions for new monitoring scenarios and organized monthly touchpoint meetings to discuss the effectiveness.
• Participate in bi-weekly AML Model Working Group meetings.
• 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 preparing, updating, and maintaining the transaction monitoring policy and procedures and other related documents.
• Act as a transaction monitoring subject matter expert to support business partners across the institution.
• Keep abreast of new rules and regulations as well as current surveillance and screening techniques.
• Assist with other requests as required ensuring team objectives are achieved.
• Provide subject matter expertise and documentation support relative to the enterprise wide BSA/AML risk assessments.


• Bachelor’s degree in Business Administration, Mathematics, Criminal Justice or related field and 3+ years of financial crimes investigation experience.
• One or more years of experience in AML model optimization or a similar area.
• Knowledge of banking laws and regulations with emphasis on BSA, AML, and OFAC.
• Knowledge of banking products and services.
• Prior experience working with AML transaction monitoring and customer due diligence applications.
• Strong research, analytical, reasoning and problem solving skills.
• 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).
• Strong presentation skills including written reports, Excel spreadsheets, and PowerPoint decks
• Familiarity with banking systems and how to maximize the use of customer and transaction data within these systems.

Preferred Qualifications:

• CAMS certification desired.
• Prior experience working with AML transaction monitoring software and case management applications.
• Ability to understand AML transaction monitoring 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.
• Master degree in business, administration, analytics, economics, information technology, computer science or related field.
• Experience in financial service industry or big four consulting

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.


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: 31722BR

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.