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KeyBank · 10 hours ago

Sr Compliance Manager - Compliance Testing and Regulatory Management for Key Investment Services (KIS)

Brooklyn, OH

Full-time

Hybrid

Mid, Senior Level

$116K/yr - $216K/yr

7+ years exp

KeyBank is a federally registered bank holding company and the Key Investment Services division is seeking a Senior Compliance Manager. This role involves leading a compliance testing team to ensure adherence to regulatory requirements and developing business plans and policies to improve efficiencies.

Banking

Responsibilities

Perform and supervise the daily activities of the KIS Compliance Testing Team within the firm’s Compliance Department to ensure compliance with all regulatory requirements set forth by SEC, FINRA and state securities and insurance divisions

Develop and manage routine and annual KIS compliance monitoring, testing that are aligned with KeyCorp's Enterprise Risk Management program and ensure timely submission of summary reports to management

Perform control reviews and testing in support of annual FINRA 3120/3130 and SEC 206(4)-7 requirements

Manage and deliver annual FINRA 3120/3130 and SEC 206(4)-7 reporting to management

Manage securities and insurance examinations with external regulatory bodies (e.g., SEC, FINRA, State securities/insurance commissions) in conjunction with internal regulatory relations partners

Provide internal reporting to management on status of ongoing regulatory examinations

Perform and oversee 2nd line of defense validation testing

Work closely with other KIS Compliance Team leads in the continuous review of the business processes to identify efficiencies and potential improvements in accordance with industry regulatory environment and coordinate the implementation of enhancements

Gather and provide information necessary to comply with requests from regulatory, legal and audit personnel

Actively participate in the continuous development of proactive reporting (utilizing summary information from existing processes) to provide consistent and reliable information to senior management on high-level risks

Seek to identify additional methods to effectively detect and report on potential compliance risks (sales trends, product concentrations, policy/procedure gaps, etc.)

Share best practice recommendations with administrative areas of the firm and sales management and provide ongoing support to administrative and field personnel regarding compliance issues

Participate in special projects as assigned which could include acting as the Compliance Department designee on firm and enterprise-wide project teams for operational projects

Qualification

FINRA Series 7FINRA Series 24Compliance TestingRegulatory ManagementSecurities KnowledgeInsurance KnowledgeInvestment Advisory KnowledgeAnalytical SkillsCommunication SkillsOrganizational SkillsProblem Solving

Required

Bachelor's Degree in a business-related field or equivalent experience

Minimum 7 years of progressively responsible compliance, regulatory or investment industry experience

Minimum 2 years supervisory experience

FINRA Series 7 and Series 24 (or ability to obtain)

Solid knowledge of the securities, insurance and investment advisory industries, including SEC, FINRA and state insurance and investment advisory laws, rules and regulations

Solid knowledge of brokerage industry operations and service functions

Working knowledge of bank channel retail non-deposit investment program structure and controls

Strong written and verbal communication skills

Demonstrated ability to problem solve and exhibit strong analytical skills

Demonstrated ability to work in self-directed manner with good organizational skills

Proven ability to foster open communication