Summer Risk Management Internship Program- Cleveland

Location

127 Public Square, Cleveland Ohio

Program Duration

MAY 26, 2024 – AUGUST 6, 2024

Job Description Summer 2027 Risk Management Internship

If you are interested in more than one Key Bank Internship opportunity, please consider applying for your top 3 internship roles within 12 months to ensure you are not duplicating efforts and obtaining the best candidate experience.

What does our Internship Program offer?

Key’s Enterprise Internship is a 10.5-week program that provides meaningful work that matters, offers feedback and coaching, and creates engaging events and conversations that will spark excitement and interest in bringing one’s full-time career to Key. Interns are involved in a host of line of business specific projects that directly impact and benefit Key’s business and strategic pillars. The program includes networking with Key teammates across all levels of the organization, a series of Learning Labs where internal and external speakers provide insight on Key’s competitive landscape, financial wellness, and professional development best practices, and an assigned mentor who shares knowledge, experience, and advice.

Risk

Management

Key Risk Management provides leadership on risk management strategies and initiatives for enterprise risk, credit, market and treasury, anti-money laundering, compliance, operational, and model risk as well as regulatory relations, portfolio management, quantitative analytics, and asset recovery activities.

About the Risk Management Internship Program

The Risk Management Intern Program is designed to build Key Bank risk professionals through training, work experience, cross-functional experience, and robust feedback and performance management. Interns are placed in a specific department in Risk Management and remain in that department for the duration of their internship. Upon successful completion of the program interns are eligible to be offered a full-time rotational analyst program position within the Risk Management department.

Job Responsibilities

• Assess and monitor risk and controls
• Opine on efficacy of control environment
• Communicate opportunities for efficiency and process improvement
• Data analytics and reporting
• Working with various systems
• Quality assurance and control testing
• Credit analysis
• Practical application of regulatory requirements

Opportunities for special projects will be determined based on performance and business

Internship placement areas may include:

• Anti-Money Laundering
• Enterprise Risk
• Operational Risk
• Compliance
• Credit Risk
• Market and Treasury Risk
• Model Risk

Anti-Money Laundering

Responsible for taking a risk-based approach to manage Anti-Money Laundering (AML)-related regulatory obligations, as well as working to ensure compliance with AML rules including transaction monitoring to identify suspicious transactions or activity.

Enterprise Risk

Responsible for examining risk in a holistic manner, learning about all aspects of risk and interacting with all risk departments, aggregating risk, developing methodologies and identifying best practices for assessing and controlling risk.

Operational Risk

Responsible for examining the risk of loss resulting from internal human error or malfeasance, failed internal processes or systems, or external events.

Compliance Risk

Responsible for examining the risk of legal or regulatory sanctions, financial loss or damage to reputation Key Bank may experience as a result of a failure to comply with applicable laws, regulations, rules, or other regulatory requirements that are imposed on the banking/financial industry.

Credit Risk

Responsible for credit approval and risk oversight of Key’s credit portfolios, analyzing the risk of borrower failure to meet their contractual obligations to repay debts in accordance with…