Sr. Operational Risk Officer - Finance

Location:

4910 Tiedeman Road, Brooklyn Ohio About the Job Reporting to the Director of Finance Operational Risk Management Oversight, this 2nd Line of Defense role will be responsible for performing appropriate oversight of the applicable lines of business to drive assurance that Key remains compliant with all applicable laws, regulations, and within operational risk appetite. The role will be required to provide advice, consultation services and if needed, training to assigned lines of business (LOBs) on operational risk program management topics, including all activities associated with LOBs risks, controls, testing, remediation, loss analysis, key risk indicators, reporting, policy and procedure development.

The senior officer will be required to perform oversight activities and will assume responsibility for discouraging actions that may expose Key Corp and its affiliates to losses, regulatory or reputation risks, or to risk levels that exceed desired risk appetite through its business activities. The position is responsible for ensuring operational risk program management consistent with Key Corp's Operational Risk Policy and Program requirements, and that business activities are managed within Key's Operational Risk Management appetite.

The qualified candidate must be able to work independently and use sound judgment taking into consideration risk tolerances of the assigned LOB and Key Corp overall.

Essential Job Functions Working with the Director, Finance Operational Risk Management Oversight, this 2nd Line of Defense role will be responsible for performing appropriate oversight of the applicable lines of business to drive assurance that Key remains compliant with all applicable laws, regulations, and within operational risk appetite.

Actively participate in a robust review and challenge process with LOBs on their Risk & Control Self Assessments and overall  a Subject Matter Expert on the operational processes, and corresponding operational risks, associated with Corporate Finance functions including, but not limited to, Regulatory Reporting, Accounting, Financial Planning and Analysis, Corporate Reconciliations, Enterprise Project Management and Corporate Treasury.

Strong working knowledge of Federal Reserve Bank, OCC guidance (Heightened Standards), and SEC financial reporting requirements.

Analyze and provide feedback to LOBs on action/remediation plans to address control gaps, any regulatory process 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.

Assist LOBs to develop relevant and measurable key risk indicators.

Assist in the development of department procedures to support governance monitoring processes and assist in the review, update, and enhancement of operational and/or compliance risk management policies and procedure standards.

Effectively and professionally interact with management, regulatory agency personnel, internal legal counsel, internal risk review personnel as well as operational/compliance peers.

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.

Participate in (and in certain situations lead operational risk related projects, initiatives, working groups or other tasks as assigned to meet team objectives.

Perform risk data analysis and/or develop customized reporting as requested.

Proactively works with assigned business unit management to identify and assess the operational risks associated with business activities, ensuring alignment with the Operational Risk Framework Provide authoritative and consultative advice and support to management and business partners utilizing independence yet providing pro-business solutions. Interact with more senior level clients within the organization.

Provide direction to line of business personnel, Risk Management staff and others on regulatory matters, compliance policies and procedures, operational risk best practices and other industry best practices.

Other duties as assigned.

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 Key Bank policies and…