Compliance Officer - Risk Evaluation and Assurance

KeyBank•Brooklyn, OH

2d•$71,000 - $125,000•Hybrid

About The Position

The Compliance Officer works with management and a team of risk evaluation and assurance professionals to develop policies and procedures that ensure compliance with applicable laws and regulations. The role supports a function, product, or process to help KeyBank adhere to required rules and regulations, and may sit in the first or second line of defense. It involves resolving complex problems or transactions, often owning processes, reports, or procedures and serving as a subject matter expert on cross-functional projects. The officer may lead compliance projects and provide guidance to less experienced Compliance Analysts. The position conducts independent Second Line of Defense monitoring and evaluation, including risk-based assessments, testing, analysis, and reporting. It applies working knowledge of banking and consumer compliance laws and regulations to risk management strategies, uses data analysis tools to assess risks and control gaps, documents results in management reports, and escalates significant risks. The officer also reviews policies and procedures, identifies process improvements, provides control advisory services, builds relationships with internal stakeholders and Audit, and contributes to special projects and improvements to the REA Program and compliance procedures. Ongoing training and continuing education are expected. The role is based in a hybrid work location category requiring 3+ days of in-office presence. Occasional travel, including overnight stays, is required. Physical demands include prolonged sitting, communicating face to face or by phone, frequent PC or laptop use, and occasional lifting, pushing, or pulling of backpacks or computer bags weighing up to 10 lbs.

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 application of laws and regulations relevant to banking and consumer finance.
Ability to evaluate risks, identify control gaps, conduct reviews, and independently assess controls and procedures for regulatory alignment.
Ability to assess fair lending compliance and identify and mitigate risks to business operations.
Ability to use analytical tools to interpret data and identify compliance issues or trends.
Ability to assess internal policies for consistency with current regulations and document and communicate findings clearly.
Strong relationship-building and communication skills across departments and audiences.
Sound judgment in complex compliance scenarios and ability to design solutions to compliance challenges.
Ability to stay current with regulatory changes and industry best practices.

Nice To Haves

Relevant certifications in compliance, auditing, or risk management.

Responsibilities

Conduct risk-based monitoring and evaluation activities, including assessments, testing, analysis, and reporting.
Apply 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 relationships with internal stakeholders and Audit.
Participate in special projects and help enhance the REA Program and compliance procedures.
Pursue training and continuing education to remain 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 and comply with KeyBank policies and procedures, including professional and ethical conduct.