89 applicants

Company

KeyBank · 13 hours ago

Operational Risk Officer - Third Party

Remote, United States

Full-time

Remote

Senior Level

$90K/yr - $110K/yr

6+ years exp

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Responsibilities

For assigned LOBs, become the subject matter expert (SME) on operational risk and control matters (and compliance as assigned) by developing/maintaining strong positive working relationships with LOBs, staff, peers, other risk partners and senior management and by attending LOB meetings to develop a deeper understanding of business activities and trends.

Maintain subject matter expertise on laws, regulations, standards and industry practices impacting supported lines of business In accordance with the Operational Risk Policies, assist and provide feedback to LOBs around development/monitoring of risks, controls, testing, remediation and reporting of significant risk and control issues.

Monitor quarterly testing results to deadlines and perform more complex risk monitoring activities as assigned.

Analyze and provide feedback to LOBs on action/remediation plans to address control gaps to ascertain that operational, legal, regulatory, and reputation risks are being properly managed and mitigated.

Assist LOBs and other corporate initiatives to reduce operational risk losses and develop relevant and measurable key risk indicators.

Actively participate in a robust review and challenge process with LOBs on their Risk & Control Self Assessments and overall performance.

Provide specialized authoritative advice and consultation on current and emerging legal and regulatory compliance requirements including proactively anticipating and responding to regulatory changes, assessing the impact to the LOBs, and assisting the LOB in responding to the change.

Provide feedback on operational risks associated with the offering of new products and/or services, technology, processes, strategies, or business initiatives as well as operational risks associated with outsourced third party activities of the LOBs.

Develop corporate control standards for certain high risk transactions/products.

Develop and deliver training to the LOBs and/or peers on regulatory matters, operational risk policies and procedures, current industry practices, and risk and control standards.

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.

Qualification

Find out how your skills align with this job's requirements. If anything seems off, you can easily click on the tags to select or unselect skills to reflect your actual expertise.

Risk ManagementComplianceOperational Risk PracticesConsumer Protection RegulationMicrosoft ExcelMicrosoft PowerPointThird Party Risk ManagementFCRATILAEFTAGLBAAML/OFACStakeholder EngagementProject Management

Required

Bachelor's degree and 6 years of Risk Management or other related experience in the Financial Services Industry

At least 3 years of experience in Risk Management, Compliance or Regulatory, Third Party Risk, Auditing or the equivalent in consumer lending with proven knowledge of consumer protection regulation including working knowledge of applicable laws including; ECOA

Strong understanding of enterprise and operational risk practices, the third-party risk management lifecycle, and relevant regulatory requirements

Self-starter mentality with the ability to work well under pressure and a strong sense of personal accountability and ownership

Analytical skills: The ability to assess and anticipate risk by studying relevant data, drawing conclusions, and making strategic decision.

Ability to clearly and effectively communicate, including ability to summarize and explain complex findings and issues to a wide range of audiences

Deep expertise and ability to educate business on risk management, controls, and compliance concepts, frameworks, and policies.

Ability to build strong relationships and engage constructively in a proactive and transparent approach with cross-functional stakeholders, to challenge status quo and drive buy-in to achieve common goals.

Ability to manage multiple tasks and projects, prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment

Ability to establish authority, influence stakeholders, and productively debate issues (credible challenge) at all levels including without direct reporting responsibility

Demonstrated understanding of the regulatory landscape governing third-party relationships, including FRB requirement, OCC, and FDIC

Advanced ability with Microsoft Excel, and Microsoft Power Point