Sr. Compliance Associate – Financial Crimes Governance Risk Assessment and Risk Controls

Location:

ABOUT THE JOB

The Financial Crimes Governance Risk Assessment and Risk Controls Sr. Compliance Associate will be a member of the Financial Crimes Governance Compliance team within Compliance Risk Management.  They will provide support to the bank’s AML/BSA and OFAC Risk Assessment process by researching emerging risks, regulatory focus, and industry-related enforcement actions, in addition to analyzing and interpreting large amounts of data while applying a strong knowledge of AML/BSA and OFAC risks.  The successful candidate also has a strong working knowledge of Issues Management including enterprise Risk and Control Self-Assessment (RCSA) processes as well experience with designing, documenting, and testing of controls and performing second line of defense verification of findings within the GRC system. 

ESSENTIAL JOB FUNCTIONS

• Organize annual refresh of risk assessment documentation
• Utilize open-source research to identify relevant enforcement actions, regulatory focus, and industry trending related to AML/BSA and OFAC topics
• Intimate knowledge of AML/BSA and OFAC risks to provide insights into observed trends, regulatory focus, and/or emerging risks
• Utilize internal risk and compliance software to source findings and controls applicable to risk assessment components and/or lines of business
• Filter internal dashboards to source quantitative Risk Assessment data to complete annual refresh
• Identify outliers, anomalies, and trending within the data and conduct high-level research
• Strong attention to detail and ability to review large documents; focusing on detail while retaining the big picture
• Remain thorough and organized while completing inter-related components of large documents

• Cultivate relationships with risk and line of business peers to facilitate research, cooperation, and reporting
• Knowledge of Enterprise Risk and Control Self-Assessment (RCSA) processes, procedures, and guidelines
• Experience in designing and documenting risks and controls in the GRC system
• Experience in performing control design and operating assessments or comparable testing, in compliance with Enterprise Risk Management requirements
• Issues management knowledge, including finding identification, drafting / entering findings and remediation plans in GRC, oversight of remediation and verification of remediation

REQUIRED QUALIFICATIONS

• Bachelor’s Degree required; substantial industry experience may be substituted for a Bachelor’s degree; CRCM preferred.
• 2-3 years of experience as a financial services compliance professional, audit, bank regulator or other comparable experience.

• Strong knowledge of AML/BSA and OFAC regulations and requirements. Strong working knowledge of internal controls, risk assessments, issues management, and risk control and self-assessment processes.
• Strong relationship management and leadership skills. Proven ability to work in a team environment.

• Sound decision-making skills; able to make decisions independently and quickly.
• Solid written and oral communication skills and the ability to communicate up and across the organization.
• Strong research skills coupled with strong problem solving/analytical skills.
• Strong attention to detail.

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $70,000 to $80,000 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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