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

Date Posted: 7/29/2018

Job Snapshot

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

Job Description


The Risk Analyst III – 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. Perform oversight activities and assume responsibility for discouraging actions that may expose KeyCorp and its affiliates to losses or risk levels that exceed desired risk appetite through its business activities. 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 able to perform contract reviews in alignment with regulatory guidance and an assessment of strategic and reputation risk associated with Key’s third party portfolio. 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, and be able to identify needed enhancements to current process flows 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 contract reviews and control assessments, for third parties within the Community Bank and Loan Services LOBs
  • Serve as central 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
  • Perform reputation and strategic risk assessments for Key’s third party portfolio
  • 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 legal and regulatory compliance 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.
    • Work closely with the Human Resources Training team to further develop operational risk awareness and training across the corporation.
    • Interface with regulators; 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'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: 29494BR

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