Compliance Officer - Risk Evaluation and Assurance

Vista previa de la oferta

Compliance Officer - Risk Evaluation and Assurance

senior · Audit & Accounting

Location:

Job Summary
The Compliance Officer participates on a team working with management to develop policies and procedures that ensure compliance with applicable laws and regulations. This role may lead compliance projects and provide guidance to less experienced Compliance Analysts. The Compliance Officer supports a function, product, or process to ensure KeyBank adheres to all required rules and regulations. They may sit in the first or second line of defense and are expected to resolve complex problems or transactions, often owning one or more processes, reports, or procedures and serving as a subject matter expert on cross-functional projects.

Essential Functions

• Serve on a team of risk evaluation and assurance professionals, providing independent Second Line of Defense monitoring and evaluation.
• Conduct risk-based monitoring and evaluation activities including assessments, testing, analysis, and reporting.
• Demonstrate working knowledge of banking/consumer compliance regulations and laws, and apply this to risk management strategies.
• Use data analysis tools to assess risks and evaluate controls for weaknesses or gaps.
• Document testing results in concise management reports and escalate significant risks.
• Review policies and procedures for consistency with current banking and securities regulations.
• Identify process improvement opportunities and provide control advisory services.
• Develop and maintain strong relationships with internal stakeholders and Audit.
• Participate in special projects and assist in enhancing the REA Program and compliance procedures.
• Pursue training and continuing education to stay current on regulatory compliance and industry trends.
• Performs other duties as assigned; duties, responsibilities and/or activities may change or new ones may be assigned at any time with or without notice
• Complies with all KeyBank policies and procedures, including without limitation, acting professionally at all times, conducting business ethically, avoiding conflicts of interest, and acting in the best interests of Key’s clients and Key.

Required Qualifications

• Bachelor's Degree or equivalent experience
• 5+ years of experience in compliance, risk management, auditing, or related fields
• Demonstrated ability to work independently and collaboratively in a regulatory environment
• Relevant certifications in compliance, auditing, or risk management
• Understanding and applying laws and regulations relevant to banking and consumer finance.
• Evaluating potential risks and identifying control gaps in processes and systems.
• Conducting ongoing reviews to ensure adherence to compliance standards.
• Performing independent evaluations of controls and procedures to ensure regulatory alignment.
• Ensuring lending practices meet fair lending laws and guidelines.
• Identifying and mitigating risks that could disrupt business operations.
• Using analytical tools to interpret data and uncover compliance issues or trends.
• Assessing internal policies for consistency with current regulations.
• Documenting findings and communicating risks through clear, concise reports.
• Building strong relationships across departments to support compliance initiatives.
• Leading compliance-related projects and mentoring junior analysts.
• Applying sound judgment in evaluating complex compliance scenarios.
• Clearly conveying compliance requirements and findings to diverse audiences.
• Staying current with regulatory changes and industry best practices.
• Designing effective solutions to address compliance challenges.

Core Competencies

• All KeyBank employees are expected to demonstrate Key’s Values and abide by Key’s Code of Conduct.

Physical Demands

• General Office - Prolonged sitting, ability to communicate face to face in person or on the phone with teammates and clients, frequent use of PC/laptop, occasional lifting/pushing/pulling of backpacks, computer bags up to 10 lbs.

Travel

• Occasional travel to include overnight stay.

Work Location Category

• Hybrid (3+ days)

COMPENSATION AND BENEFITS

Please click here for a list of benefits for which this position is eligible.

Key has implemented an approach to employee workspaces which prioritizes in-office presence, while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.

Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.