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Compliance Officer - Commercial Deposits
The Commercial Compliance Officer will be a member of the Commercial Lending and Servicing Compliance team within Compliance Risk Management. The Commercial Compliance Officer will provide support to business and commercial lines of business by researching, interpreting and assisting with applying the related laws and regulations. The primary focus of this role will be commercial deposits, with additional support related to some commercial lending activities. As subject matter expert, the Commercial Compliance Officer will provide consultative advice, perform oversight activities, and assume responsibility for mitigating and discouraging actions that may expose KeyCorp and its affiliates to risk outside its desired risk appetite.
For assigned lines of business, serve as a corporate subject matter expert for all compliance risks.
Develop relationships of trust and confidence with the designated lines of business.
Provide oversight and monitoring of line of business processes and controls.
Proactively identify process improvements or control gaps and facilitate necessary associated changes.
Keep abreast of new laws and regulations, and perform impact and gap analyses as applicable.
Assist with regulatory compliance exams.
Assist with corporate policy and training development.
Educate and provide consultative advice on related regulations.
Provide independent review and challenge on various line of business activities.
Assist with issues management and resolution.
Participate in or lead various projects related to mitigating risk to Key.
Assist the broader Commercial Lending and Servicing Compliance team with various aspects of commercial banking.
Bachelor’s Degree required; substantial industry experience may be substituted for a Bachelor’s Degree; Juris Doctorate or CRCM preferred.
3-5 years of experience as a financial services compliance professional, bank regulator or other comparable legal experience.
Demonstrated knowledge of the regulatory requirements related to deposits’ compliance.
Experience applying and interpreting Regulation CC, Regulation ii, UDAP, Regulation B, state law requirements, and other commercial or banking laws and regulations.
Ability to comprehend and interpret federal and state laws that apply to deposits or other commercial banking requirements.
Strong relationship management and leadership skills.
Candidate must possess the wherewithal and flexibility to undertake new functions/tasks as the Compliance Risk and line of business evolves and grows.
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.
Sound understanding of compliance risks.
Strong research skills coupled with strong problem solving/analytical skills.
Strong attention to detail.
Experience working within the three lines of defense model strongly considered.
Demonstrated commitment to a diverse, inclusive workplace.