Operational Risk Officer - Fraud Risk Management

KeyBank; Ohio; Remote; USD 90,000 - 120,000; Full time

Job summary

A leading financial institution is seeking an Operational Risk Officer for their Fraud Risk Management team. This role involves conducting fraud risk assessments, developing policies, and collaborating with various departments to mitigate fraud risks. The ideal candidate will have a strong background in fraud regulations and risk management, along with excellent analytical and leadership skills. This position offers flexibility with a mobile work option.

Qualifications

• Minimum of 5 years in fraud/risk management experience.
• Understanding of fraud-related risks and issues.

Responsibilities

• Conduct fraud risk assessments and evaluations.
• Develop department procedures for governance monitoring.
• Participate in operational risk related projects.

Skills

Fraud Risk Management

Problem Solving

Leadership

Analytical Skills

Communication

Education

Bachelor's degree

Tools

Microsoft Office

SharePoint

GRC

Job description

Location:

For Those Who Work At Home - Various, Ohio 44144

This role is part of the Fraud Risk Management team, which is a second line of defense (2LOD) risk team within Operational Risk. Fraud Risk Management has responsibility for oversight of fraud risk horizontally across the enterprise. The team provides subject matter expertise and oversight for fraud risks, including establishing and maintaining policies and standards specific to fraud risk management; providing review and challenge in conjunction with the operational risk LOB oversight teams to the LOBs for risks, controls, and programs related to fraud; aggregating exposure for fraud risk; working with the LOBs to create and monitor risk indicators for fraud and evaluating and reporting on enterprise risk appetite for fraud risk.

Reporting to the Director, Fraud Risk Assessments, the Operational Risk Officer is responsible for aiding in the execution of fraud risk assessments, review of fraud related gaps identified through findings, and maintaining documentation to support the enterprise-wide oversight of fraud risks, inclusive of internal and external fraud.

ESSENTIAL JOB FUNCTIONS

1. Develop a strong understanding of fraud risks, and risk and issues management processes in order to identify and monitor fraud risks and issues within the organization.
2. Contribute to the development and implementation of Fraud Risk processes, tools, policies, standards, and procedures in alignment with the Enterprise Risk Management Framework.
3. Review issues/findings populations to identify fraud-specific issues and update records as necessary, in accordance with Operational Risk Policies and guidelines.
4. Conduct fraud risk assessments and evaluations (targeted and enterprise level) and identify gaps and observations as relevant to the assessment/evaluation.
5. Review reports and analyses performed on findings and discuss with leadership on a monthly basis.
6. Develop department procedures to support governance monitoring processes and assist in the review, update, and enhancement of operational risk management policies and procedures.
7. Participate in and/or lead operational risk related projects, initiatives, working groups, or other tasks as assigned to meet team objectives.

REQUIRED QUALIFICATIONS

1. Bachelor's degree
2. Minimum of 5 years in fraud/risk management experience in the first, second, or third line or a combination
3. Demonstrated knowledge of fraud regulations, regulatory guidance, and relevant rules
4. Understanding of fraud-related risks and issues, as well as risk assessment experience
5. Strong ability to work with all levels of management within the company
6. Experience managing projects across multiple functional areas and with multiple business partners
7. Ability to grasp complex processes quickly and identify fraud risks and controls
8. Excellent problem-solving abilities and results-oriented mindset; able to make decisions independently
9. Proven ability to work as part of a team
10. Strong leadership skills and influencing abilities
11. Sound understanding of fraud risks and internal control frameworks
12. Strong analytical and research skills, with the ability to summarize findings effectively
13. Excellent verbal, written, and interpersonal skills
14. Ability to adapt to change and communicate evolving requirements
15. Excellent organizational skills and meticulous attention to detail
16. Proficient in Microsoft Office, SharePoint, GRC
17. Industry certifications such as Certified Fraud Examiner (CFE) are a plus

COMPENSATION AND BENEFITS

This position offers a base salary ranging from $90,000 to $120,000 annually, depending on location and experience. Additional compensation includes eligibility for short-term and deferred incentive bonuses based on performance.

Please click here for a list of benefits available to this position.

Key has adopted a Mobile by Design approach, allowing roles to be primarily mobile or home-based, providing flexibility for roles that can be performed remotely.

Job Posting Expiration Date: 06/14/2025

KeyCorp is an Equal Opportunity Employer committed to an inclusive culture. All qualified applicants will receive consideration regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

Qualified individuals with disabilities or disabled veterans who need accommodations can request assistance by emailing [e-mail].

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