Third Party Management Analyst in Cleveland, OH at Key Bank- Corporate

Date Posted: 7/1/2019

Job Snapshot

  • Employee Type:
  • Location:
    127 Public Square
    Cleveland, OH
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:

Job Description


The Risk Analyst II – Third Party Management resides within Key’s Enterprise and Operational Risk Management organization. As subject matter expert, provide third party management expertise and support to second line of defense and Corporate Procurement partners. The position is responsible for ensuring third party program management consistent with KeyCorp's Operational Risk Policy and Third Party Management Policy. Candidate must be proficient in third party regulatory guidance (e.g., OCC, FRB, CFPB, FFIEC) and able to perform effective challenge and oversight throughout the Third-Party Risk Management Lifecycle. Ability to develop customized reporting is preferred. Candidate must establish effective business relationships, displaying an ability to interact and promote a good day-to-day rapport with 1st, 2nd and 3rd Line of Defense stakeholders throughout the organization. Candidate must exhibit initiative, be able to identify needed enhancements to current processes, and help to implement change.

  • Provide second line of defense third party management expertise and support to Risk Management and Corporate Procurement personnel
  • Perform oversight activities throughout the third party risk management lifecycle, including reviews of strategic and reputation risk, communicate risk implications of contracts with material deviations, perform quality assurance reviews, and maintain an understanding of Key’s Enterprise Risk Program including risk and control standards
  • Serve as a point person to facilitate the review of third party relationships with Risk Management personnel
  • Demonstrated awareness and ability to consider interconnections of risk disciplines and the affect on third party risk
  • Evaluate trends and industry intelligence pertaining to third party management
  • Effectively collaborate with applicable stakeholders in both the 1st and 2nd LOD and maintain effective business relationships.
  • Keep abreast of new and emerging industry rules, regulations, best practices and trends.
  • Effectively and professionally interact with senior management, regulatory agency personnel, internal legal counsel, internal risk review personnel as well as risk management peers.
  • Develop department procedures to support governance monitoring processes and assist in the review, update and enhancement of second line of defense third party risk management policies and procedures.
  • Participate in, and in certain situations lead, operational risk related projects, initiatives, working groups or other tasks as assigned to meet team objectives.
  • Provide specialized authoritative advice and consultation on:
  • Current and emerging third party risk 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.
  • Department procedures to support governance monitoring processes. Assist in the review, update and enhancement of operational and/or compliance risk management policies and procedure standards.
  • Perform risk data analysis and/or develop customized reporting as requested.
  • Develop and deliver training to the LOBs and/or peers on regulatory matters, operational risk policies and procedures, current industry practices, and risk and control standards.
  • Respond to internal/external audits/examinations requests for information, assist in the evaluation of audit/examination findings and implementation of corrective action, and/or assist in responses to regulatory and legal inquiry/investigations.
  • Effectively and professionally interact with senior management, regulatory agency personnel, internal legal counsel, internal risk review personnel as well as operational/compliance peers.
    Assist with other tasks as required to ensure team objectives are achieved, even where outside usual area of responsibility.

  • Bachelor’s degree
  • At least 1 year of industry relevant experience.
  • Demonstrated knowledge of laws, regulations, regulatory guidance, and rules impacting the financial services industry
  • Strong ability to work with all levels of management within the company
  • Experience working/managing projects across multiple functional areas and dealing with multiple business partners
  • Experience working on initiatives that require strategic planning/thinking
  • Flexibility to switch priorities based on the needs of the company in a fast-paced environment
  • Ability to grasp complex processes quickly and be able to identify risks and compensating controls
  • Excellent problem solving abilities and results oriented; able to make decisions independently
  • Proven ability to work as a team
  • Strong leadership skills and ability to influence others
  • Strong analytical/research skills coupled with ability to effectively summarize findings
  • Excellent oral, written and interpersonal skills
  • Ability to adapt to change and communicate changing requirements
  • Excellent organizational skills and meticulous attention to detail
  • Self motivated
  • Proficient PC skills with experience in Microsoft Office, Outlook and, SharePoint


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.


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