Risk Analyst IV - Management Estimate Independent Review Team

KeyBank - Cleveland, OH

Full-time - Mid Level

Remote - Cleveland, OH

1,001-5,000 employees

Credit Intermediation and Related Activities

About the position

The Risk Analyst IV position within the Management Estimate Independent Review Team (MEIRT) at KeyBank is a critical role responsible for overseeing and conducting independent risk assessments of non-models and tools. This position plays a vital part in the Qualitative Risk Management Program, which aims to monitor and manage qualitative risks that could impact KeyCorp's earnings, capital, strategy, or reputation. The role involves applying considerable business expertise and technical skills to ensure that the methodologies used for non-model qualitative processes meet established standards. As part of the MEIRT, the Risk Analyst IV will conduct independent reviews and challenges of all non-models, tools, and idiosyncratic scenarios used in the annual capital planning process. This includes developing formal risk assessment reports that summarize the non-model use, scope, materiality, and supporting materials necessary for approval conclusions. The analyst will gather information from formal documentation regarding assumptions and methodologies to ensure the soundness of the processes employed. The position requires collaboration with various teams, including Financial Planning & Analysis, Credit Risk, Market Risk, Model Risk, Capital Management, and Treasury, to understand key business drivers and assess the calibration of stress assumptions and risk drivers across different risk types. The analyst will also be responsible for identifying gaps in non-model processes, monitoring remediation activities, and providing analysis to regulators and senior management as needed. Remote work options are available for the right candidate, making this a flexible opportunity for qualified individuals.

Responsibilities

• Drive the development and completion of independent qualitative risk assessments of assigned non-model qualitative processes.
• Interface with Compliance, Credit, Enterprise Risk, Market Risk, Model Risk, Operational Risk, Capital Management, Treasury teams, and Financial Planning & Analysis in administering the Qualitative Risk Management Program.
• Partner with the Line of Business and other Risk teams to understand key business drivers in assessing calibration of stress assumptions and risk drivers across risk types.
• Test the appropriateness of controls designed for data, methodology, and estimates applied to non-model qualitative processes.
• Identify gaps/limitations in non-model processes and methodologies.
• Monitor and confirm remediation/mitigation activities.
• Assist in developing and enhancing criteria used in assessing the materiality of a non-model qualitative process.
• Analyze and synthesize market risk and other quantitative risk results to understand the impact of changes in the macroeconomic environment.
• Provide analysis to regulators, senior management, and the Model Risk and Qualitative Risk Committees as directed.
• Coordinate the development and documentation of departmental procedures as required.

Requirements

• A bachelor's degree or equivalent in a quantitative field such as Economics, Finance, or Mathematics is required.
• 8 - 12 years of banking or financial industry knowledge and experience is required.
• Advanced degrees or professional certifications, such as a CFA, CPA, or FRM, will be considered in lieu of actual industry experience.
• Proficient in Microsoft Office (Word, Excel, PowerPoint).
• Ability to work under pressure and adhere to strict deadlines with excellent attention to detail and ability to multi-task.
• Excellent written and verbal communication skills, especially in relation to policies and procedures.
• Ability to document processes and effectively challenge business units for risk and control purposes.
• An inquisitive nature, strong communication and negotiation skills are required.

Nice-to-haves

• Auditing or prior risk assessment experience along with commercial banking experience is preferred.
• Master's degree or other post-graduate/professional education is desired.
• Professional certifications, such as CFA, CPA, or FRM, are desired.
• Prior capital planning/stress testing experience is desired but not required.
• Proven strong problem-solving, analytical, and technical skills to understand and identify business needs.
• Demonstrated knowledge and experience in understanding a variety of quantitative methodologies and modeling tools used in risk estimation.

Benefits

• Remote work options for the right candidate.
• Equal Opportunity and Affirmative Action Employer committed to diversity, equity, and inclusion.