Compliance Officer - Fair Lending Governance

Location:

JOB BRIEF

A member of Compliance Risk Management, this position has responsibility for aspects of the Fair Lending program including but not limited to helping to perform the annual Fair Lending risk assessment, Fair Lending risk and control reviews, regulatory change management, assessing new products and services, and assisting with exam management. This role partners with other key FARB leadership in execution of the Fair Lending Program. This position provides day-to-day Fair Lending support to various lines of business through research and interpretation of assigned laws & regulations, guidance on emerging risks & industry trends, and ongoing enhancement of applicable programs. Additionally, this position identifies and mitigates actions that may expose KeyCorp to risk beyond its desired risk appetite. This position primarily assists with the governance of the Fair Lending program including but not limited to the Fair Lending Risk Assessment, Risk and Control Reviews, and exam management.  This position leads or assists with various monitoring activities that evaluate the effectiveness of the control environment, challenging the LOBs by making recommendations for enhancements that will further mature the controls. Leads and assists with Fair lending-related examinations and audits.

Moreover, responsibilities include partnering with the LOB while balancing the fiduciary oversight role. In certain situations, will determine approval or denial on high-risk initiatives, products, third parties, and clients.  This role is expected to promote an organizational culture that encourages acknowledgement and recognition of compliance risks and places a high priority on risk management. The role will report to the FARB Governance Manager. 

ESSENTIAL JOB FUNCTIONS

• Assists with risk-taking activities and independently assess fair lending risks and issues;
• Engage directly with the lines of business to identify risks, develop, and execute assessments, provide input over controls and testing, advise on, and monitor remediation activities
• Independently and credibly challenges Fair Lending-related decisions, business and operating processes, and business activities
• Assists with initiatives that cross multiple lines of business in scope with significant impact/risk
• Participates in a team in accomplishing department goals and priorities
• Proactively advise LOBs on applicable compliance risk standards; remain current on developments in applicable laws, rules, standards, guidelines, and industry best practices related to Fair Lending compliance and overall Fair Lending program administration

REQUIRED QUALIFICATIONS

• 3 to 5+ years of Fair Lending Compliance experience with strong knowledge of applicable regulations, and a strong focus on Fair lending Risk Assessment, and program governance and/or equivalent years in financial services compliance or risk experience including a working knowledge of operations, products, and services
• Bachelor’s degree, and CRCM a plus
• Knowledge of internal controls, risk assessments, and compliance testing and monitoring processes (including analytics), and applicable techniques for implementation of regulatory compliance requirements and compliance processes
• Demonstrated skill in effectively communicating (verbal and written) results to a diverse audience; ability to work with all levels of management with a focus on collaboration and relationship management.
• Ability to work closely with a diverse/cross-functional group and ability to work well in a team environment to achieve results
• Strong critical thinking, detective, analytical, and problem-solving skills.
• High ethical standards, strong critical thinking, detective, analytical, and problem-solving skills
• Detail-oriented, with the ability to multi-task and work in a fast-paced, changing environment 
• Strong written and oral communications and interpersonal skills, ability to develop and maintain strong, collaborative relationships with all lines of defense.
• Autonomous, self-motivated, and flexible with the ability to adapt quickly to change or shifting priorities in a fast-paced environment

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $90,000 to $110,000 annually depending on location and job-related factors such as level of experience. Compensation for this role also includes eligibility for short-term incentive compensation and deferred incentive compensation subject to individual and company performance.

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

Key has implemented a role-based Mobile by Design approach to our employee workspaces, dedicating space to those whose roles require specific workspaces, while providing flexible options for roles which are less dependent on assigned workspaces and can be performed effectively in a mobile environment. As a result, this role may be Mobile or Home-based, which means you may work primarily either at a home office or in a Key facility to perform your job duties.

KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to building a diverse, equitable and inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or other protected category.

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.

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