Sr Operational Risk Analyst - Finance/Corporate Treasury in Cleveland, OH at Key Bank- Corporate

Date Posted: 2/8/2018

Job Snapshot

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

Job Description

As subject matter expert, provide advice, consultation services and training to assigned lines of business (LOBs) on operational risk program management topics, including all activities associated with LOBs risks, controls, testing, remediation, loss analysis, key risk indicators, reporting, policy and procedure development. Perform oversight activities and assume responsibility for discouraging actions that may expose KeyCorp and its affiliates to losses, regulatory or reputation risks, or to risk levels that exceed desired risk appetite through its business activities. The position is responsible for ensuring operational risk program management consistent with KeyCorp's Operational Risk Policy and Program requirements, and that business activities are managed within Key’s Operational Risk Management appetite. Additionally, this position is responsible for the oversight of risk identification and mitigation for operational risk, including the oversight of Line of Business (LOB) programs and policies, which includes providing highly specialized guidance and oversight on current and emerging legal, regulatory, and operational risk issues, monitoring and measuring operational risk performance, and reviewing and challenging of strategy (initiative, products, third parties, and clients), control design, implementation, testing, and remediation for all LOBs. The qualified candidate must be able to work independently and use sound judgment taking into consideration risk tolerances of the assigned PLOB and KeyCorp overall.

  • Actively participate in a robust review and challenge process with LOBs on their Risk & Control Self Assessments and overall performance.
  • Analyze and provide feedback to LOBs on action/remediation plans to address control gaps to ascertain that operational, legal, regulatory, and reputation risks are being properly managed and mitigated.
  • Assist LOBs and other corporate initiatives to reduce operational risk losses.
  • Assist LOBs to develop relevant and measurable key risk indicators.
  • For assigned LOBs, become the subject matter expert (SME) on operational risk and control matters by developing/maintaining strong positive working relationships with LOBs, staff, peers, other risk partners and senior management and by attending LOB meetings to develop a deeper understanding of business activities and trends.
  • Maintain subject matter expertise on laws, regulations, standards and industry practices impacting supported lines of business in accordance with the Operational Risk Policies, assist and provide feedback to LOBs around development/monitoring of risks, controls, testing, remediation and reporting of significant risk and control issues.
  • Monitor quarterly testing results to deadlines and perform more complex risk monitoring activities as assigned.
  • Participate in operational risk related projects, initiatives, working groups or other tasks as assigned to meet team objectives.
  • Perform risk data analysis and/or develop customized reporting as requested.
  • Proactively works with Commercial Processes Operational Risk Officers to identify and assess the operational risks associated with business activities, ensuring alignment with the Corporate Operational Risk Framework including:Advising LOBs on operational risks and controls and applicable metrics (i.e., KRIs, EWIs, Tolerances).
  • Advising LOBs on operational risks related to new products and/or services, technology processes, strategies or business initiatives.
  • Advising LOBs on operational risks related to outsourced third party activities.
  • Assessing the appropriateness of and working with LOBs on developing and/or enhancing internal procedures and guidelines to comply with Operational Risk appetite, tolerances and policies.
  • Conducts a robust Review and Challenge process in evaluating and reviewing business processes, risk profiles, risk indicators, controls, remediation plans, etc., to ensure alignment with Key’s Operational Risk and Enterprise Risk Management programs, policies and practices.
  • Ensures the effective development and delivery of corporate-wide and or role specific Operational Risk training; provides guidance and assistance related to LOBs related to the development of LOB specific operational risk training.
  • Providing specialized, authoritative advice and consultation on current and emerging legal and regulatory requirements including proactively anticipating and responding to regulatory changes, assessing the impact to the LOBs, and assisting the LOB in responding to the change.
  • Provide authoritative and consultative advice and support to management and employees (client management) utilizing independence yet providing pro-business solutions. Interact with more senior level clients within the organization.
  • Provide direction and deliver training to line of business personnel, Risk Management staff and others on regulatory matters, compliance policies and procedures, operational risk best practices and other industry best practices.
  • Work closely with the Human Resources Training team to further develop operational risk awareness and training across the corporation. Assist assigned lines of business with training related to Operational Risk, as needed.

  • Bachelor’s Degree preferred (equivalent experience may be considered)
  • 1-2 years of compliance, operational risk, data analytics, audit, or industry-related experience
  • 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 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

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: 27478BR