About the Job
As part of Key’s second line of defense Compliance Risk Management function, the Risk Evaluation and Assurance Program (the “REA Program”) has the responsibility for evaluating Key’s ongoing compliance with applicable laws and regulations through the execution of compliance monitoring and testing across Key’s lines of business, products, and functional activities. Individuals lead the design and execution of testing and continuous monitoring to evaluate Key’s compliance with regulatory requirements. Individuals work both autonomously on assignments and in collaboration with other members of REA team on projects and testing. The Senior Compliance Manager must have a strong understanding of audit and/or testing concepts and apply those to testing, monitoring, issues management, and verification activities. The Senior Compliance Manager must exhibit strong leadership, initiative, and agility as well as a passion for continuous learning and challenging the status quo. The ideal candidate will have experience managing a team of testing or compliance professionals, strong knowledge of key compliance regulations, and be skilled at developing, executing, and overseeing testing and monitoring activities. This role requires the ability to demonstrate leadership across various lines of business and proactively and productively coordinate with other groups within Key including the lines of business, other risk management teams and internal audit.
Essential Job Functions
Lead and manage a team of compliance testing professionals and provide oversight of the risk-based monitoring and evaluation activities, including risk assessment, monitoring and testing, analysis of findings, and reporting to ensure effective, sustainable risk management processes exist.
Provide oversight, guidance, and strategic direction to staff related to day-to-day responsibilities and engagement of line of business management and compliance partners in designing and executing compliance testing, special projects, and ongoing monitoring.
Demonstrate subject matter expertise in compliance testing and working knowledge of applicable consumer compliance and Anti-Money Laundering/Bank Secrecy Act (AML/BSA) regulations and laws, industry trends, emerging issues, and related banking products and ability to understand its applicability to risk management strategies including the scoping of risk evaluations, monitoring, and design of testing plans.
Utilize knowledge of data analysis tools and techniques to lead a team of compliance testing professionals in analyzing, quantifying, and/or assessing risks and to evaluate controls to identify potential weaknesses and/or control gaps.
Assist Compliance Director and Executive with the ongoing design, development, and implementation of the REA Program including an annual testing plan, compliance testing methodology, ongoing monitoring, and strategic initiatives to ensure the Bank’s policies and procedures are consistent with applicable regulatory requirements and best practices.
Responsible for managing staff, providing ongoing coaching, and driving quality of work for the team while ensuring any issues or material breaches of applicable laws, rules, policies or standards with an actual or potential compliance risk impact are appropriately identified, escalated, remediated, and validated.
Maintain awareness of emerging issues, bank-wide initiatives, and industry trends to be forward thinking and innovative in executing testing engagements and ongoing monitoring to identify process and control improvement opportunities.
Develop and maintain strong, collaborative relationships with mid to senior level management, other internal clients and peers, Internal Audit, industry peers, and regulatory examiners.
Participate in special projects as assigned and assist in the development and on-going enhancement of the REA Program and compliance related procedures.
Actively identify and pursue training or continuing education opportunities to further develop overall knowledge of regulatory compliance, banking products and services, industry trends, and emerging risks.
Education/Background: Bachelor's degree,
Minimum 6+ years of compliance, risk management, and/or audit experience with a strong focus on risks and controls and risk-based auditing and/or testing techniques; management experience preferred.
Practical working knowledge of financial services compliance and operations including the related rules and regulations of the financial services industry (e.g. – AML/BSA, consumer compliance, etc.) to include: OCC, FRB, State Law, and other pertinent regulations.
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.
Experience with data analysis tools and techniques including advanced concepts of Microsoft Word, Excel, and PowerPoint and/or other analytical software (e.g. – SAS, Tableau, ACL, etc.).
Strong interpersonal skills; ability to work well in a team environment.
High ethical standards, strong critical thinking, detective, analytical, and problem-solving skills.
Autonomous, self-motivated, and flexible with the ability to adapt quickly to change or shifting priorities in a fast-paced environment.
Experience working on projects or initiatives requiring strategic planning/thinking across multiple functional areas and business processes.
Currently maintains relevant professional and/or industry sponsored certifications in risk management and/or compliance (e.g. – Certified Regulatory Compliance Manager (CRCM), Certified Anti-Money Laundering Specialist (CAMS) etc.).
Comprehensive knowledge of the operational, technical, and functional structure of financial services organizations, banking systems, and compliance programs.