KeyBank

Senior Credit Officer, Payments

KeyBank • $96K — $181K *
Buffalo, NY 14221In-Person
Finance & Insurance
5 - 7 years of experience
1 week ago
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance, Accounting, Business, or a related field.
  • Minimum of 5 years' experience in commercial credit underwriting or risk management, preferably in payments or transaction banking.
  • Proven experience with high-value, higher-risk credit evaluations.
  • Strong analytical, communication, and decision-making abilities.
  • In-depth knowledge of regulatory requirements and best practices in credit risk and payments.

Responsibilities

  • Review and evaluate complex credit requests for Payments-Only relationships, focusing on exposures over $10 million.
  • Conduct comprehensive risk assessments of financial statements and payment structures.
  • Monitor and assess portfolio performance, including quarterly reviews and asset quality evaluations.
  • Ensure accurate risk rating for assigned portfolios.
  • Collaborate with cross-functional teams to align credit decisions with business growth objectives.
  • Proactively identify and report credit quality issues in approved exposures.
  • Participate in the Asset Quality Review process for clients with adverse risk ratings.

Benefits

  • Flexible work environment with a hybrid model requiring a minimum of 3 in-office days per week.
  • Comprehensive benefits package with various options available.
  • Opportunity for incentive compensation based on performance.
Full Job Description
Location:
66 South Pearl Street, Albany New York

Job Description:

The Senior Credit Officer for Payments Products is a key member of the risk management team, responsible for adjudicating credit requests for Payments-Only client relationships. This role focuses on evaluating and approving higher-risk credit exposures, specifically those that are considered higher risk and / or exceed $10 million in exposure. SCOs are required to support profitable revenue growth while maintaining portfolio asset quality within Key's moderate credit risk appetite. They must execute against the defined credit process; ensuring consistency with Credit Policy and established underwriting guidelines.

Key Responsibilities:
  • Review, analyze, and adjudicate complex credit requests for Payments-Only relationships, with a primary focus on higher-risk profiles and large exposures (over $10 million). Target client profile may change as business needs change.
  • Conduct in-depth risk assessments, including evaluation of financial statements, payment flows, transaction structures, and overall counterparty risk.
  • Participate in overall portfolio monitoring, including quarterly risk assessments, asset quality reviews
  • Demonstrate a deep understanding of risk rating models.
  • Ensure accurate and timely risk rating of assigned portfolio.
  • Collaborate with product, relationship management, and risk teams to ensure credit decisions support business growth while maintaining prudent risk standards.
  • Monitor approved credit exposures, proactively identifying and escalating potential issues or deteriorating credit quality.
  • Participate in Asset Quality Review (AQR) process with clients who have adverse risk ratings.
  • Provide regular coverage of ACH exceedance approvals, will include some evening "on call" hours.
  • Stay current with industry trends, regulatory developments, and best practices related to payments products and credit risk management.
  • Advocate a positive risk culture amongst credit and underwriting staff and foster a sense of urgency in support of the Bank's focus on client centricity.
  • Periodic project assignments related to the constantly changing risk management environments.
  • Performs other duties as assigned; duties, responsibilities and/or activities may change or new ones may be assigned periodically.
  • Complies with all KeyBank policies and procedures, including without limitation, acting professionally at all times, conducting business ethically, avoiding conflicts of interest, and acting in the best interests of Key's clients and Key.
  • Credit Approval Authority will be based on experience level and size and/or type of credit treatment.
  • Occasional travel to include overnight stay.


Qualifications:
  • Bachelor's degree in Finance, Accounting, Business, or a related field;
  • Minimum of 5 years' experience in commercial credit underwriting, credit approval or other risk area, with a background in payments or transaction banking products preferred.
  • Demonstrated experience in evaluating or adjudicating high-value and higher-risk credit exposures.
  • Excellent analytical, communication, and decision-making skills.
  • Strong understanding of regulatory requirements and industry best practices in payments and credit risk.


Location: Albany, NY; Cleveland, OH; Buffalo, NY; Hybrid (minimum 3 days per week in office, may be subject to change).

COMPENSATION AND BENEFITS
This position is eligible to earn a base salary in the range of $96,000.00 - $181,000.00 annually. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location. Compensation for this role also includes eligibility for incentive compensation which may include production, commission, and/or discretionary incentives.

Please click here for a list of benefits for which this position is eligible.

Key has implemented an approach to employee workspaces which prioritizes in-office presence, while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.

Job Posting Expiration Date: 08/23/2026

About KeyBank

Shockingly, nearly 9-in-10 people who get their real estate license in America fail. We're solving that problem; And doing it while increasing profitability for the brokerage. Through technology, business automation, and a team approach we have created a system where agents focus solely on working with clients and closing deals.

KeyBank Careers

Joining KeyBank means stepping into a world of professional growth and innovation, where job opportunities abound in an environment that values leadership, diversity, and forward-thinking. As a member of our team, you will be part of a company that's committed to empowering your career journey while contributing to the financial wellness of our communities.

Work You'll Do

At KeyBank, we're not just in the business of banking; we're in the business of helping individuals and communities thrive. By joining our team, you will have the chance to be part of a culture that celebrates diversity and fosters leadership and professional development. Whether you're looking for a position in customer service, IT, finance, or management, KeyBank offers a variety of roles suited to your skills and career aspirations.

Innovate and Lead

KeyBank stands at the intersection of finance and innovation. Our employees are encouraged to lead with creativity and integrity, driving solutions that make a real difference. With a focus on digital transformation and sustainable growth, your work at KeyBank will challenge the status quo and encourage you to explore new ideas.

Grow Your Career

Career growth at KeyBank is not just a possibility—it's a priority. We are dedicated to your professional development through comprehensive training programs, leadership workshops, and continuous learning opportunities. Our commitment to your growth is matched by our dedication to inclusion, ensuring all voices are heard and valued.

Be Part of a Great Team

Our team at KeyBank is our strongest asset. We believe in using our collective skills to foster an environment of innovation and collaboration. Join us and connect with colleagues who are just as passionate and driven as you are. Through teamwork, we achieve exceptional results and push the boundaries of what's possible in the banking sector.

Internship and Employment Opportunities

For those starting their careers, KeyBank offers robust internship and employment opportunities that provide a solid foundation in the financial industry. Interns at KeyBank gain hands-on experience, beneficial networking connections, and insights into our day-to-day operations, setting the stage for a successful career.

Benefits and Culture

KeyBank is committed to offering benefits that enhance your life and well-being. From healthcare to retirement plans, and flexible working conditions, we ensure our employees are well taken care of. More than just benefits, our company culture is built on respect, integrity, and accountability—values that guide us in making a positive impact on our clients and communities.

Join Our Team

Explore the job opportunities at KeyBank and find the right fit for your skills and interests. We are continuously hiring and looking for individuals who are curious, innovative, and ready to make a difference. Prepare your resume, ace your interview, and join a team that's dedicated to your success and to transforming the landscape of banking.

Stay Connected

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Search KeyBank Jobs

Ready to take the next step in your career? Search open positions at KeyBank that match your skills and interests. We look for passionate, creative, and solution-driven team players who are ready to grow and succeed in a dynamic and supportive environment.

SEARCH KEYBANK JOBS

Join KeyBank and be part of a company where your career is as important to us as it is to you. Together, let's unlock opportunities for growth, innovation, and meaningful impact in the financial world.
Learn more about KeyBank
Size
17,110 employees
Market Cap
$16 billion
Industry
Finance & Insurance
Net Income
$1.3 billion
Founded
1825
5 Year Trend
+5.6%
NASDAQ
KEY
* Ladders Estimates

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