Compliance and Control Analyst III - Financial Crimes Risk Assessment

KeyCorp   •  

Cleveland, OH

Industry: Financial Services


5 - 7 years

Posted 394 days ago

Job Description

Working in Financial Crimes Risk Assessment and Analytics Team of Financial Crimes Governance (FCG), Compliance & Control Analyst III is responsible for data and process related initiatives key to the success of KeyBank's BSA/AML/OFAC programs, including but not limited to Risk Assessments. The candidate will be responsible for collection, review and analysis of customers, accounts, transactions and geographic data to identify and assess the BSA/AML and OFAC risks of the bank. The candidate is expected to work with Lines of Business (LOB), Business Risk and Controls (BRC), and Key Technology and Operations (KTO) teams to develop the understanding of new and existing products, services, channles, flow of data, and operational procedures to idetify and assess the BSA/AML/OFAC risks, and related controls that mitigate the risks. Coordinate as directed by the Financial Crimes Governance (FCG) Manager, the dissemination of BSA/AML and OFAC risks and related guidance to 1 and 2nd Lines of Defense to ensure corporate-wide compliance with regulatory requirements.


  • Manage the day to day, on-going BSA/AML/OFAC Risk Assessment activities and processes that include colletion, review and assimilation of BSA/AML/OFAC Risk Assessment data. Integrate and synthesize the information from multiple sources, including business domain knowledge, in order to analyze the complex data and results. Document and analysis and observations into conscise and meaningful manner.
  • Must understand Inherent risk and Residual risk concepts, and must be able to identify and assess the BSA/AML and OFAC risks as per the FFIEC BSA/AML examination manual. Analyze the risk factors that exist within each Risk Assessment components, assess the level of inherent risks, and evaluate the controls that exists to mitigate the risks
  • Aid in the creation, documentation and maintenance of policies and procedures for the risk assessment process. Conduct quality assurance by reviewing the data and related activities to ensure the BSA/AML/OFAC information captured during the process is accurate, complete and applicable to the Risk Assessment components (clients, products, services, geography, lines of business)
  • Responsbile for assisting in a broad range of data analytics and business intelligence activities, including defining the business requirments and developing the queries to collect the data, in order to support and execute the AML & OFAC Risk Assessment
  • Develop and maintain communications with lines of business and technology teams to get the understanding of new and existing products, services, delivery channeles, flow of data and related operational procedures
  • Ensure the BSA/AML/OFAC Risk Assessment is in compliance with federal regulations and policy requirements and meets the expectations of internal audit and external examiners
  • Support an assigned LOB as Second Line of Defense (SLOD) in the Governance, Risk and Compliance (GRC) application for BSA/AML/OFAC related matters. Collaborate with RCSA to establish or enhance compliance self-testing, validate testing results and address issues noted in the testing
  • Serve as second line of defense Subject Matter Expert for BSA/AML and OFAC across Key in GRC
  • Provide assistance in design and communication of FCG policies and procedures
  • Provide assistance in responding to internal and external examination information requests, and remediation of exam findings
  • Special projects/other duties, as assigned


  • Bachelor's degree in business or related field or comparable education and related training
  • 5-7 years of experience in banking, compliance or audit related activity
  • SAS, Tableau, Cognos, OBIEE and other business intelligence of analytics tool experience to support the risk assessment data collection and assessment
  • Advanced level experience on MS Word, Excel including Macros, Access, PowerPoint, and Visio
  • Strong research, analytical, and problem solving skills, as well as ability to communicate the analytical results tailored to the audience
  • Strong verbal and written communication skills
  • Comprehensive knowledge of BSA/AML/OFAC regulations, monitoring/screening and due diligence requirements
  • Demonstrated business organizational savvy (e. g., organizations structures, formal management channels, working with informal organizational networks)
  • Goal oriented and able to work independently to achieve results
  • Ability to work in a team environment, but also be a self-starter by taking initiative and working independently
  • Ability to travel up to 20% (as needed)


  • Relevant professional certification (e.g. CAMS, RCSA, Base SAS, Tableau Certifications)
  • Knowledge of FFIEC Examination Manual and/or SEC AML related guidance and regulations
  • Knowledge of banking related products and services operations, processes, commercial, retail, private baking, broker dealers and transactional flows, and related BSA/AML/OFAC risks
  • Graduate degree
  • Strong strategic and consultative skills; experience in process improvement, strategic planning, change management, business integration
  • Comprehensive knowledge of the operational, technical and functional structure of the Key organization
  • Knowledge of Key’s internal systems and AML Program
  • Experience with project management principles
  • Familiarity with the customer onboarding procedures including CIP and Customer Due Dilligence (CDD), Transactions Monitoring, and OFAC Screening