Business Analytics Lead Associate-Model Risk Governance

KeyBank • Amherst, NY

1d • $71,000 - $125,000 • Hybrid

About The Position

The Model Risk Analytics Lead Associate supports the Model Risk Governance function by partnering with assigned Lines of Business (LOBs) to help ensure compliance with KeyCorp’s Model Risk Management (MRM) framework. This role works closely with senior model risk governance staff and the independent model validation function to support effective model oversight, issue management, and regulatory compliance. The Lead Associate is responsible for executing model risk governance activities, identifying potential issues, and supporting remediation efforts under established policies and guidance.

Requirements

• Bachelor’s degree in finance, Economics, Accounting, Business Administration, or a related discipline (or equivalent relevant experience).
• Minimum three years of experience in model risk management, risk governance, audit, compliance, or a related field, with a strong focus on controls, processes, and risk assessment.
• Working knowledge of model risk management concepts, governance frameworks, and control environments.
• Experience working with GRC platforms, risk reporting tools, or data management systems.
• Strong proficiency in Microsoft Excel and PowerPoint.
• Strong organizational skills with the ability to manage multiple priorities and deadlines.
• Effective written and verbal communication skills, with the ability to interact professionally with stakeholders across LOBs.
• Ability to work independently and in a team environment in a fast-paced, highly regulated environment.

Nice To Haves

• Proficiency with analytical tools and languages (e.g., Python, SQL, SAS) and/or familiarity with AI‑enabled tools such as Copilot or similar technologies is preferred.

Responsibilities

• Serve as a supporting point of contact for assigned Lines of Business (LOBs) on model risk governance matters, providing guidance on MRM requirements with oversight from senior team members.
• Partner with model owners, developers, and the independent model validation team to support governance coordination, issue resolution, and timely communication.
• Support maintenance of the enterprise model inventory by reviewing submissions, validating data, and ensuring accurate documentation of model usage, ownership, and risk attributes.
• Perform review and challenge activities related to model governance, control design, implementation evidence, testing results, and ongoing monitoring, escalating concerns as appropriate.
• Support model validation activities by reviewing validation reports, summarizing key findings, and assisting with communication of residual risks to stakeholders.
• Track validation findings and remediation action plans, monitoring progress and escalating delays or deficiencies to senior governance staff.
• Participate in Risk and Control Self‑Assessments (RCSAs) related to model risk, including documentation, testing support, and issue identification.
• Execute model risk‑related responsibilities within enterprise Procurement and Third‑Party Management processes.
• Ensure the accuracy and completeness of model risk data within GRC tools and reporting systems.
• Collaborate with other governance, risk, and compliance functions to support consistent application of model risk standards across the enterprise.
• Contribute to model risk reporting, analytics, and data management initiatives, including preparation of materials for management review.
• Stay informed on regulatory guidance, internal policies, and industry practices related to model risk management.
• Perform additional duties as assigned by management.

Benefits

• This position is eligible to earn a base salary in the range of $71,000.00 - $125,000.00 annually.
• Compensation for this role also includes eligibility for incentive compensation which may include production, commission, and/or discretionary incentives.
• Please click here for a list of benefits for which this position is eligible.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level