Compliance Associate - Financial Crimes Governance

Location:

For Those Who Work At Home - Various, Ohio 44145

Essential Job Functions

This position is in the Financial Crimes Governance OFAC Compliance Team within the Compliance group of Risk Management.

• Review and disposition system alerts, transactions, and perform due diligence on clients that present sanctions risk to the organization.

• Work closely with AML operations to ensure compliance with AML requirements including onboarding, enhanced due diligence, and investigations reviews.

• Coordinate the dissemination of regulatory compliance regulations, related laws and guidance to Key's lines of business (LOBs) to ensure corporate-wide compliance with regulatory requirements. 

• Act as corporate Subject Matter Expert resource for complex Anti-Money Laundering laws and regulatory requirements, this includes, but is not limited to, Bank Secrecy Act (BSA), USA PATRIOT Act, and Office of Foreign Assets Control (OFAC).

• Effectively partner and establish trusted relationships with LOB contacts, senior level management, the law group, marketing and others, regarding corporate-wide compliance issues and the identification and mitigation of compliance risk.

• Perform complex compliance tasks as assigned.  This includes, but is not limited to, merger and acquisition activities, contract reviews, risk assessments, compliance risk mitigation strategies, new or existing system and/or operational implementation.

• Interact, at the direction of the OFAC Officer, with regulatory agencies and the Risk Review Group to respond to examination information requests, address exam findings, and respond to requests for comment.

• Support GRC testing and controls with self-testing and assisting in the development of new controls to assist in mitigating sanctions risk.

• Assist the OFAC Officer in new business initiatives (new product development and product analysis to ensure sanctions compliance risks are appropriately identified and mitigated.

• Special projects/other duties, as assigned

Required Qualifications

• Bachelor's degree required or substantial industry experience

• ​5 to 7 years’ experience in banking, compliance or audit related activity desired

• Strong research, analytical, and problem-solving skills

• Flexible hours to provide for coverage as needed till 6:00 pm, with a possibility to extend to 7:00 pm depending on bank’s needs.

• Well-developed relationship building skills and ability to work in a team environment

• Excellent written and verbal communication skills with the ability to effectively communicate with lines of business and compliance management

• Strong organizational skills with an attention to detail

• Comprehend compliance laws and regulations

Preferred Qualifications

• Experience with OFAC compliance and/or OFAC screening processes

• Knowledge of import/export regulations

• Understanding of risk assessments, vendor engagement and contracts

• Knowledge of Tableau, sanctions screening software and research tools, including World Check and Lexis Nexis

• Sound knowledge about banking/business organizational structures and understanding of how to get things done through formal channels and informal networks.

• ACAMS or CGSS certification desired

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $55,000 to $65,000 annually depending on location and job-related factors such as level of experience. Compensation for this role also includes eligibility for short-term incentive compensation and deferred incentive compensation subject to individual and company performance.

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

Key has implemented a role-based Mobile by Design approach to our employee workspaces, dedicating space to those whose roles require specific workspaces, while providing flexible options for roles which are less dependent on assigned workspaces and can be performed effectively in a mobile environment. As a result, this role may be Mobile or Home-based, which means you may work primarily either at a home office or in a Key facility to perform your job duties.

Job Posting Expiration Date: 09/02/2024

KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to building a diverse, equitable and inclusive culture. All qualified ap