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KeyBank · 2 days ago

Compliance Officer - Consumer Deposit

Chicago, IL

Full-time

Hybrid

Mid Level

$71K/yr - $122K/yr

3+ years exp

KeyBank is seeking a Compliance Officer to join their Consumer Deposit Compliance team within Compliance Risk Management. The role involves providing expertise on federal regulations, conducting compliance monitoring, and ensuring compliance risks are mitigated across various lines of business.

Banking

Responsibilities

Provide subject matter expertise to the first line of defense for the development of new products and/or processes, Provide ongoing second line of defense support to existing processes, procedures and enhancements

Conduct compliance monitoring to proactively identify process improvements or control gaps and facilitate necessary changes

Develop relationships of trust and confidence with the designated lines of business

Provide oversight and monitoring of line of business processes, risks and controls

Keep abreast of new laws, regulations and enforcement actions. Conduct applicable gap analyses and facilitate necessary changes

Assist with internal and external regulatory compliance exams/audits

Assist with corporate policy and training development

Educate and provide consultative advice on assigned regulations

Provide independent review and challenge on various line of business activities

Participate in or lead various projects related to mitigating risk to Key

Qualification

Compliance monitoringBanking industry knowledgeFederal regulations expertiseRelationship managementProblem solving skillsLeadership skillsWritten communicationOral communicationAttention to detailTeamwork

Required

Bachelor's Degree or equivalent work experience; Juris Doctorate or CRCM preferred

Minimum 3 years of experience as a financial services compliance professional, bank regulator or other comparable legal experience

Demonstrated knowledge of the banking industry, particularly deposit product offerings and the systems supporting them

Ability to comprehend and interpret federal and state laws that apply to the designated lines of business and other areas related to Regulations E, CC, DD, and D, Electronic Signatures in Commerce, UDAAP, deposit insurance coverage (12 CFR 330), Joint Guidance on Overdraft Protection Programs, and other social media or advertising requirements

Strong relationship management and leadership skills

Candidate must possess the wherewithal and flexibility to undertake new functions/tasks as the Compliance Risk and line of business evolves and grows

Proven ability to work in a team environment

Compliance monitoring and testing skills

Sound decision-making skills; able to make decisions independently and quickly

Solid written and oral communication skills

Sound understanding of compliance risks

Strong research skills coupled with strong problem solving/analytical skills

Strong attention to detail