KIS Surveillance Compliance Associate

Location:

The KIS Surveillance Compliance Associate reports directly to the KIS Senior Compliance Manager for Risk Management (KIS Senior Compliance Manager) and has primary responsibility to assist in establishing and maintaining the structure for identifying, assessing, controlling, monitoring, testing and reporting compliance risks within KIS.  This role will be responsible for providing oversight and surveillance of Compliance policies and procedures as it relates to KIS. 

Based upon the identification and assessment of compliance risk and issues, these responsibilities include:

• Providing responsive pro-business compliance support to new and amended rules and regulations set by regulatory and internal policies to help promote a culture that emphasizes high standards of ethical behavior at all levels of KIS. 
• This position will also act as a liaison, developing closer partnerships with the KIS LOB, Central Supervisory Team, Legal and other support and administrative groups to identify and mitigate retail broker/dealer, securities, AML, Fraud and insurance related compliance and reputational risk. 
• Provide compliance support as needed for compliance projects as they may develop. 
• Develop creative solutions for problems and will be establishing effective business relationships with the ability to interact and promote a good day-to-day rapport with other compliance officers and management throughout KIS and the Central Supervisory Team. 
• Identify needed enhancements to current process flows and help to implement change.

Essential Job Functions:

• Assist the KIS Senior Compliance Manager in the oversight of compliance risk and control factors affecting KIS compliance risks.
• Ensure that KIS’s comprehensive compliance programs provide for effective compliance policies, procedures, training and surveillance for compliance with current applicable rules, regulations, securities laws, AML and Fraud regulations and SRO rules.
• Provide oversight surveillance of systems and supervisory reviews conducted by the KIS Supervisory Principals in order to identify and resolve any potential risks.
• Provide oversight surveillance of systems to identify, investigate, and report suspicious AML and Fraud activity.
• Perform regular and ongoing monitoring and testing on KIS compliance risks and controls, and document findings.
• Work closely with KIS Senior Compliance Manager to establish or enhance regulatory risk assessments, compliance self-testing, validates testing results and address issues noted in testing.
• Provide consultative support and direction to KIS risk owners on enhancements related to the Governance Risk Compliance (GRC) application.  As needed, enhance KIS LOB specific data within the GRC application in order to improve the efficiency and effectiveness of RCSA and KRI processes.
• Performs and/or assists in compiling and analyzing KIS GRC activities; conduct GRC testing and provide for management reporting.
• Assist in the evaluation of the usefulness of available surveillance tools and testing mechanisms/methodologies and working to develop ways to incorporate efficient and effective testing of internal controls into GRC.
• Independently interact with management within the KIS organization in order to communicate and sell complex concepts and issues as appropriate.
• Perform more complex compliance risk monitoring activities as assigned.
• Conduct research and write clear and timely summary descriptions for new securities and insurance legal and regulatory requirements.
• Proactively anticipate regulatory changes and technological needs, responding to changing conditions and evaluating regulatory events.
• Be able to advise KIS management on regulatory change decision making.
• Proactively work with the 1st line of defense to improve the quality of RCSA data in the GRC system.
• Assist with preparing responses to regulatory and legal inquiries and investigations as well as for on-site regulatory exams
• Assist the KIS Senior Compliance Manager in enhancing, developing, and communicating best practice control standards for certain high-risk transactions/products within the KIS LOB.
• Assist the KIS Senior Compliance Manager in the review and enhancement of department procedures to support governance monitoring process.

Required Qualifications

• Bachelor's degree in business related field
• 5+ years of combined risk management and/or securities/insurance compliance experience, strongly focused on risks and controls
• 2-4 years experience in compliance or allied fields such as operations, legal, finance, audit or accounting within the securities/banking industry.
• Strong understanding of various regulatory requirements related to the retail broker dealer industry, as well as retail insurance industry
• Working knowledge of mutual funds, annuity products, and managed advisory accounts
• General knowledge of regulatory framework and supervisory infrastructure requirements.
  Knowledge of internal controls and compliance processes.
• General knowledge of SEC, FINRA, and state insurance laws and regulations.
• Working knowledge of Microsoft Word and Excel, Internet, and Power Point.  Demonstrated interest in technology-based systems and surveillance programs.

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $75,000 to $83,000 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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