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Sr. Quantitative/Modeling Associate - AML in Cleveland, OH at Key Bank- Corporate

Date Posted: 12/20/2018

Job Snapshot

Job Description

About the Job
Perform a broad range of quantitative risk analysis to support the Financial Crimes team within Risk Modeling & Analytics (RM&A), including model development, ongoing monitoring and validation activities primarily related to anti-money laundering (AML).

Essential Job Functions

  • Develop/assist with the design and building of AML models using SAS; includes working on coding, methodologies, testing, processing, ongoing monitoring and periodic tuning.
  • Research, compile and evaluate large sets of data to assess quality and determine suitability for model building.
  • Adhere to a strict ongoing monitoring schedule; provide analytical results to Model Owners and assist in evaluating model reliability/performance.
  • Leverage SAS to perform model reconciliation and testing activities.
  • Execute “below-the-line” testing to evaluate threshold settings for alert generation.
  • Write/review documentation to comply with KeyBank model governance standards and regulatory expectations.
  • Operate at the direction of senior staff; follow preferred team practices.

Required Qualifications
  • MS/MA in statistics, mathematics, economics, or other quantitative field.
  • 3 to 5 years of experience in model development, preferably with experience in the financial services industry. Experience within financial crimes, risk, or compliance is a plus.
  • Superior programming skills (SQL or C++) and demonstrated experience with SAS, R, Matlab or other advanced statistical/econometric analysis software.
  • Familiarity with modeling software (SAS EG, SAS EM, Xeno, Model Builder).
  • Proficiency in the use of Microsoft Office with advanced experience in Excel and Access or SQL Server.
  • Prior experience working with AML/OFAC software such as Oracle FCCM (aka Mantas), Actimize AML, LexisNexis Bridger, etc.
  • Advanced knowledge of statistics/econometrics and excellent analytical ability.
  • Extensive data management skills.
  • Demonstrated skill in effectively communicating (verbal and written) analytical results and experiences to a diverse audience; ability to respond to client questions with clear/effective answers and give cohesive presentations.
  • Exceptional project management and organization skills, ability to support several projects simultaneously to meet strict deadlines.
  • Excellent problem-solving and decision-making abilities
  • Strong interpersonal skills; ability to work well in a team environment.

Preferred Qualifications:
  • Familiarity with KeyBank systems and how to maximize the use of customer and transaction data in these systems.
  • One or more years of experience in AML or OFAC modeling, or a similar area.

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.

KeyBank has administrative services in place that help support the business. These include: Finance, Human Resources, Legal, and Marketing. KeyBank’s Corporate Center supports strategic initiatives through multiple teams which provide distinctly different, yet interrelated, disciplines for the Corporate Bank Leadership team and its business groups.


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: 33288BR

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