Sr Compliance Officer - UDAAP

KeyBank•Brooklyn, OH

1d•$96,000 - $181,000•Hybrid

About The Position

The Sr Compliance Officer has responsibility for executing of testing and continuous monitoring to evaluate Key’s UDAAP compliance with regulatory requirements. Additional monitoring activities may include but not limited to leading data integrity testing, leading review and challenge of procedures, developing training, training program content, reporting results including to Line of business, etc. This position will utilize data analysis tools and techniques to analyze, quantify, and/or assess UDAAP risks and to evaluate controls to identify potential weaknesses and/or control gaps. This position will also lead monitoring and recommend improvements to business processes, which are necessary to meet regulatory changes and further mitigate UDAAP compliance risk exposure to Key. This position will develop and maintain strong, collaborative relationships with all lines of defense. Moreover, partnering with the LOB while balancing the fiduciary oversight role are important to the Bank and, in certain situations, requires approval or denial on high-risk initiatives, products, third parties and clients. This role is expected to promote an organizational culture that encourages acknowledgement and recognition of compliance risks and places a high priority on risk management.

Requirements

Bachelor's Degree , or an advanced degree (preferred)
Minimum 3 years of UDAAP Compliance experience with strong knowledge of applicable regulations, and a strong focus on risks and controls.
Knowledge of internal controls, risk assessments, and compliance testing and monitoring processes (including analytics), and applicable techniques for implementation of regulatory compliance requirements and compliance processes.
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.
– Ability to work closely with a diverse/cross-functional group and ability to work well in a team environment to achieve results
Strong critical thinking, detective, analytical, and problem-solving skills.
High ethical standards, strong critical thinking, detective, analytical, and problem-solving skills
Detail-oriented, with the ability to multi-task and work in a fast-paced, changing environment to juggle and see multiple projects from start to finish with little guidance and on tight deadlines.
Strong written and oral communications and interpersonal skills, ability to develop and maintain strong, collaborative relationships with all lines of defense.
Autonomous, self-motivated, and flexible with the ability to adapt quickly to change or shifting priorities in a fast-paced environment

Nice To Haves

CRCM certification (preferred)

Responsibilities

Assist with coordination in the development of a bank-wide approach to UDAAP risk management, which focuses on identifying, measuring, mitigating, monitoring, and reporting of UDAAP related risks.
Assist with Second Line of Defense “review and challenge” activities and escalation, employing independent testing, as appropriate.
Execute testing and continuous monitoring to evaluate Key’s UDAAP compliance with regulatory requirements including.
Deliver testing results within established timeframes and identify opportunities, establish action plans, and drive solutions to continuously improve compliance program, and increase efficiency
Additional monitoring activities may include but not limited to data integrity testing, assisting with the review and challenge of procedures, developing training, training program content, reporting results including to Line of business, etc.
Utilize data analysis tools and techniques to analyze, quantify, and/or assess UDAAP risks and to evaluate controls to identify potential weaknesses and/or control gaps
Monitor and recommend improvements to business processes, which are necessary to meet regulatory changes and further mitigate UDAAP compliance risk exposure to Key.
Assist with supporting the LOB on UDAAP -related regulatory exam and internal audit activities
Clearly document and communicate the results or conclusions from any UDAAP testing and monitoring performed and provide heightened awareness around significant risks and proactive identification, escalation, and remediation of control weaknesses or gap
Develop and maintain strong, collaborative relationships with mid to senior level management, other internal clients and peers, and Audit
Assist with ad hoc tasks as required to ensure team objectives are achieved, even where outside usual area of responsibility
Performs other duties as assigned; duties, responsibilities and/or activities may change or new ones may be assigned at any time with or without notice
Complies with all KeyBank policies and procedures, including without limitation, acting professionally at all times, conducting business ethically, avoiding conflicts of interest, and acting in the best interests of Key’s clients and Key.