Sr. Compliance Manager - Wealth Management and Trust Testing (Cleveland)

Senior Compliance Manager

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 evaluating Key's ongoing compliance with applicable laws and regulations through the execution of compliance monitoring and testing across Key's Wealth Management and Trust lines of business, products, and functional activities. Individuals lead the design and execution of testing and continuous monitoring to evaluate Key's compliance with regulatory requirements. Individuals work both autonomously on assignments and in collaboration with other members of REA team on projects and testing. The Senior Compliance Manager must have in-depth knowledge of wealth and trust risk 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 Senior Compliance Manager 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 managing a team of wealth management and trust testing or compliance professionals, strong knowledge of the applicable regulations, and be skilled at developing, executing, and overseeing 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

• Lead and manage a team of wealth management and trust testing professionals and provide oversight of the independent second-line-of-defense approach to 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.
• Provide oversight, guidance, and strategic direction to staff related to day-to-day responsibilities and engagement of line of business management and compliance partners in designing and executing compliance testing, special projects, and ongoing monitoring.
• Demonstrate subject matter expertise in compliance testing and working knowledge of applicable wealth management and trust related regulations and laws, industry trends, emerging issues, and related banking products and ability to understand its applicability to risk management strategies including the scoping of risk evaluations, monitoring, and design of testing plans.
• Utilize knowledge of data analysis tools and techniques to lead a team of compliance testing professionals in analyzing, quantifying, and / or assessing risks and to evaluate controls to identify potential weaknesses and / or control gaps.
• Assist Compliance Director and 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 managing 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.
• Develop and maintain strong, collaborative relationships with mid to senior level management, other internal clients and peers, internal audit, industry peers, and regulatory examiners.
• Participate in special projects as assigned and assist in the development and on-going enhancement of the REA Program and compliance related procedures.
• Actively identify and pursue training or continuing education opportunities to further develop overall knowledge of regulatory compliance, banking products and services, industry trends, and emerging risks.

Required Qualifications

Preferred Qualifications

Compensation and Benefits

This position is eligible to earn a base salary in the range of $135,000 to $155,000 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.

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.

KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status.