Compliance Officer - Risk Evaluation and Assurance

KeyBank • Brooklyn, OH

17h • Hybrid

About The Position

The Compliance Officer participates on a team working with management to develop policies and procedures that ensure compliance with applicable laws and regulations. The role may lead compliance projects and provide guidance to less experienced Compliance Analysts. The Compliance Officer supports a function, product, or process to ensure KeyBank adheres to required rules and regulations. The position may sit in the first or second line of defense and is expected to resolve complex problems or transactions, often owning one or more processes, reports, or procedures and serving as a subject matter expert on cross-functional projects.

This position serves on a team of risk evaluation and assurance professionals, providing independent Second Line of Defense monitoring and evaluation. It conducts risk-based monitoring and evaluation activities, including assessments, testing, analysis, and reporting; applies knowledge of banking and consumer compliance regulations to risk management strategies; and uses data analysis tools to assess risks and evaluate controls. The role documents testing results, escalates significant risks, reviews policies and procedures for regulatory consistency, identifies process improvements, and provides control advisory services. It also builds relationships with internal stakeholders and Audit, contributes to special projects and improvements to the REA Program, and pursues training and continuing education.

The position is based at 4910 Tiedeman Road, Brooklyn, Ohio, and is categorized as hybrid, with 3+ days in the office. Occasional travel, including overnight stays, is required.

Requirements

• Bachelor’s degree or equivalent experience.
• At least 5 years of experience in compliance, risk management, auditing, or related fields.
• Demonstrated ability to work independently and collaboratively in a regulatory environment.
• Understanding and ability to apply laws and regulations relevant to banking and consumer finance.
• Ability to evaluate potential risks and identify control gaps in processes and systems.
• Ability to conduct ongoing reviews for adherence to compliance standards and independently evaluate controls and procedures for regulatory alignment.
• Knowledge of fair lending laws and guidelines.
• Ability to identify and mitigate risks that could disrupt business operations.
• Ability to use analytical tools to interpret data and uncover compliance issues or trends.
• Ability to assess internal policies for consistency with current regulations.
• Ability to document findings and communicate risks through clear, concise reports.
• Ability to build relationships across departments to support compliance initiatives.
• Ability to lead compliance-related projects and mentor junior analysts.
• Sound judgment in evaluating complex compliance scenarios.
• Clear communication of compliance requirements and findings to diverse audiences.
• Ability to stay current with regulatory changes and industry best practices and design effective solutions to compliance challenges.
• Occasional travel, including overnight stays.

Nice To Haves

• Relevant certifications in compliance, auditing, or risk management.

Responsibilities

• Participate on a team of risk evaluation and assurance professionals, providing independent Second Line of Defense monitoring and evaluation.
• Conduct risk-based monitoring and evaluation activities, including assessments, testing, analysis, and reporting.
• Apply working knowledge of banking and consumer compliance regulations and laws to risk management strategies.
• Use data analysis tools to assess risks and evaluate controls for weaknesses or gaps.
• Document testing results in concise management reports and escalate significant risks.
• Review policies and procedures for consistency with current banking and securities regulations.
• Identify process improvement opportunities and provide control advisory services.
• Develop and maintain strong relationships with internal stakeholders and Audit.
• Participate in special projects and assist in enhancing the REA Program and compliance procedures.
• Pursue training and continuing education to stay current on regulatory compliance and industry trends.
• Lead compliance projects and provide guidance to less experienced Compliance Analysts as applicable.
• Perform other duties as assigned; duties, responsibilities, or activities may change or new ones may be assigned.
• Comply with KeyBank policies and procedures, act professionally and ethically, avoid conflicts of interest, and act in the best interests of Key’s clients and Key.

Benefits

• Eligible for incentive compensation, which may include production, commission, and/or discretionary incentives.
• Eligible for company benefits; specific benefits are not listed in the posting.

What This Job Offers

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