2027 Summer Risk Management Internship Program- Cleveland

0100 KeyBank National Association; Cleveland (OH); On-site; USD 26,000 - 37,000; Full time

Benefits offered by this job

Sign-on bonus

Hybrid work environment

Job summary

KeyBank offers a 10.5-week Risk Management Internship in Cleveland, designed to build risk professionals through training, hands-on projects, and mentorship. Interns rotate within Risk Management departments, tackling AML, enterprise risk, operational risk, compliance, credit risk, market risk, and model risk, with exposure to analytics and regulatory application.

Compensation includes $23 per hour and a $2,000 sign-on bonus; interns gain networking, Learning Labs, and guidance aimed at paving a

Qualifications

• Three years toward a four-year undergrad degree with coursework in finance, accounting, actuarial science, economics and/or data science; anticipated graduation May 2028 or December 2027.
• GPA of at least 3.3.
• Demonstrated leadership and teamwork from past work or extracurricular activities.
• Strong analytical, problem solving, communication and presentation skills.
• Proficiency in Excel and PowerPoint.

Responsibilities

• Assess and monitor risk and controls.
• Opine on the efficacy of the control environment.
• Identify opportunities for efficiency and process improvement.
• Perform data analytics and reporting.
• Work with multiple systems.
• Conduct quality assurance and control testing.
• Perform credit analysis and risk oversight.
• Apply regulatory requirements to daily tasks.

Skills

Analytical skills

Communication skills

Leadership & teamwork

Problem solving

Data analysis

Education

Undergraduate degree in finance/economics/data science (3 years completed)

Tools

Excel

PowerPoint

Job description

Location

127 Public Square, Cleveland Ohio

Program Duration

MAY 26, 2024 – AUGUST 6, 2024

Job Description Summer 2027 Risk Management Internship

If you are interested in more than one KeyBank Internship opportunity, please consider applying for your top 3 internship roles within 12 months to ensure you are not duplicating efforts and obtaining the best candidate experience.

What does our Internship Program offer?

Key’s Enterprise Internship is a 10.5-week program that provides meaningful work that matters, offers feedback and coaching, and creates engaging events and conversations that will spark excitement and interest in bringing one’s full-time career to Key. Interns are involved in a host of line of business specific projects that directly impact and benefit Key’s business and strategic pillars. The program includes networking with Key teammates across all levels of the organization, a series of Learning Labs where internal and external speakers provide insight on Key’s competitive landscape, financial wellness, and professional development best practices, and an assigned mentor who shares knowledge, experience, and advice.

Risk Management

Key Risk Management provides leadership on risk management strategies and initiatives for enterprise risk, credit, market and treasury, anti-money laundering, compliance, operational, and model risk as well as regulatory relations, portfolio management, quantitative analytics, and asset recovery activities.

About the Risk Management Internship Program

The Risk Management Intern Program is designed to build KeyBank risk professionals through training, work experience, cross-functional experience, and robust feedback and performance management. Interns are placed in a specific department in Risk Management and remain in that department for the duration of their internship. Upon successful completion of the program interns are eligible to be offered a full-time rotational analyst program position within the Risk Management department.

Job Responsibilities

• Assess and monitor risk and controls
• Opine on efficacy of control environment
• Communicate opportunities for efficiency and process improvement
• Data analytics and reporting
• Working with various systems
• Quality assurance and control testing
• Credit analysis
• Practical application of regulatory requirements

Opportunities for special projects will be determined based on performance and business

Internship placement areas may include:

• Anti-Money Laundering
• Enterprise Risk
• Operational Risk
• Compliance
• Credit Risk
• Market and Treasury Risk
• Model Risk

Anti-Money Laundering

Responsible for taking a risk-based approach to manage Anti-Money Laundering (AML)-related regulatory obligations, as well as working to ensure compliance with AML rules including transaction monitoring to identify suspicious transactions or activity.

Enterprise Risk

Responsible for examining risk in a holistic manner, learning about all aspects of risk and interacting with all risk departments, aggregating risk, developing methodologies and identifying best practices for assessing and controlling risk.

Operational Risk

Responsible for examining the risk of loss resulting from internal human error or malfeasance, failed internal processes or systems, or external events.

Compliance Risk

Responsible for examining the risk of legal or regulatory sanctions, financial loss or damage to reputation KeyBank may experience as a result of a failure to comply with applicable laws, regulations, rules, or other regulatory requirements that are imposed on the banking/financial industry.

Credit Risk

Responsible for credit approval and risk oversight of Key’s credit portfolios, analyzing the risk of borrower failure to meet their contractual obligations to repay debts in accordance with agreed upon terms.

Market and Treasury Risk

Responsible for monitoring and evaluating the risks affecting Key’s current or anticipated capital, income, cash flows or valuation of equity and portfolios, resulting from adverse movements in market rates or prices.

Model Risk

Responsible for ensuring Key employs approved and validated proprietary and vendor provided models that are suited for their intended purpose, properly implemented and operate as intended.

Qualifications

• Must have completed at least three years toward a four-year, undergraduate degree program with focused coursework in finance, accounting, actuarial science, economics and/or data science (preferred), with an anticipated graduation in May 2028 or December 2027
• Outstanding academic achievement (minimum undergraduate 3.3 GPA)
• Demonstrated leadership and teamwork from past work experience and/or extracurricular activities
• Bring solid analytical, problem solving, communication and presentation skills
• Proficiency in Excel and PowerPoint

Compensation and Benefits

This position is eligible to earn an hourly rate of $23 per hour. Compensation also includes a $2,000 Summer Internship Sign-on Bonus. KeyBank’s Internship and Analyst positions are not eligible for employment visa sponsorship (e.g., H-1B visa). This includes, for example, situations where a candidate may have temporary work authorization while enrolled in school or upon graduation (e.g., CPT, OPT) but would need H-1B visa sponsorship within a few years of employment in order to maintain employment eligibility. Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing [e-mail].

COMPENSATION AND BENEFITS

This position is eligible to earn an hourly rate of $23 per hour. Compensation also includes a $2,000 Summer Internship Sign-on Bonus. Key has implemented an approach to employee workspaces which prioritizes in-office presence, while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.

Job Posting Expiration Date: 11/20/2026

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, age, genetic information, pregnancy, disability, veteran status or any other characteristic protected by law.

Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing [e-mail].

#LI-Hybrid

KeyBank is an organization collectively committed to helping you unlock your potential and discover what truly drives you. Working here means sharing our purpose to help our clients, colleagues, and communities thrive. You’ll find genuinely supportive teammates, a flexible, inclusive work environment, challenging projects, accessible leaders, and opportunities to grow in your position and your career. For 200 years, Key has opened doors in our communities. Let us open one for you.