Director, Asset Management Testing

Location:

4900 Tiedeman Road - Brooklyn, Ohio 44144-2302

Job Description

As part of Key’s second-line-of-defense Compliance Risk Management function, the Risk Evaluation and Assurance Program (the “REA Program”) has the responsibility for leading the strategy and execution for testing designed to evaluate Key’s ongoing compliance with applicable laws and regulations across Key’s Asset Management activities (i.e. – wealth management and trust, broker-dealer, and swap dealer) and lines of business, products, and functional activities. This individual leads the strategy, design, and oversight of the teams that perform testing and continuous monitoring of Asset Management engagements to evaluate Key’s compliance with regulatory requirements. The Director must have comprehensive knowledge of wealth management, fiduciary/trust, broker-dealer, and investment management as well as a strong understanding of audit and/or testing concepts with the ability to apply those to testing, monitoring, issues management, and verification activities. The Director must exhibit strong leadership, initiative, and agility as well as a passion for continuous learning and challenging the status quo. The ideal candidate will have experience leading a team of Asset Management testing or compliance professionals, strong knowledge of the applicable regulations, and be skilled at developing and overseeing testing strategies and teams that execute testing and monitoring activities. This role requires the ability to demonstrate leadership across various lines of business and proactively and productively coordinate with other groups within Key including the lines of business, other risk management teams and internal audit.

Essential Job Functions

• Oversee all aspects of the Asset Management testing program including providing strategic direction to the testing teams related to program design, methodology, execution and reporting as well as leading the engagement of line of business senior management and risk management partners in ongoing design, execution, and continuous improvement of the testing program.

• Plan, direct, and provide oversight of independent second-line-of-defense risk-based monitoring and evaluation activities, including risk assessment, monitoring and testing, analysis of findings, and reporting to ensure effective, sustainable risk management processes exist.

• Demonstrate subject matter expertise in testing and comprehensive knowledge of applicable asset management related regulations and laws, industry trends, emerging issues, operations, and related banking products and ability to understand the applicability to risk management strategies including the scoping of risk evaluations, monitoring, and design of testing plans.

• Utilize advanced knowledge of data analysis methodologies and techniques to lead a team of testing professionals in the design and application of data-driven testing to discover and quantify patterns, trends, anomalies, and/or insights critical to evaluating controls and identifying potential weaknesses.

• Assist Compliance Executive with the ongoing design, development, and implementation of the REA Program including the testing plan/schedule, testing methodology, ongoing monitoring, and strategic initiatives to ensure the Bank’s policies and procedures are consistent with applicable regulatory requirements and expectation and industry best practices.

• Responsible for the management and development of staff, providing ongoing coaching, and driving quality of work for the team while ensuring any issues or material breaches of applicable laws, rules, policies, or standards with an actual or potential compliance risk impact are appropriately identified, escalated, remediated, and validated.

• Maintain awareness of emerging issues, bank-wide initiatives, and industry trends to be forward thinking and innovative in executing testing engagements and ongoing monitoring to identify process and control improvement opportunities.

• Serve in a senior leadership capacity for all Asset Management related testing activities and outcomes including responding to line of business or stakeholder inquiries; issue identification, communication and management, and ongoing communication/reporting of program strategies and results to senior leadership and/or applicable governance committees.

• Develop and maintain strong, collaborative relationships with mid to senior level management, other internal clients and peers, internal audit, industry peers, and regulatory examiners.

Required Qualifications

• Education/Background: Bachelor's degree required

• Minimum of 10 years of compliance, risk, and/or audit experience serving in a man