Operational Risk - Risk Analyst III

KeyCorp; Ohio; Remote; USD 70,000 - 80,000; Full time

Job summary

An established industry player is seeking a Risk Analyst III to enhance their operational risk management processes. This role involves administering data collection, ensuring data quality, and preparing crucial reports for regulatory compliance. The ideal candidate will thrive in a fast-paced environment, leveraging their expertise in risk management and data analysis. With a focus on collaboration across departments, you will play a key role in maintaining the integrity of operational loss data and supporting the organization’s risk management objectives. Join a forward-thinking company that values diverse perspectives and offers flexible work options, making a meaningful impact in the financial services sector.

Benefits

Flexible work options

Short-term incentive compensation

Deferred incentive compensation

Qualifications

• 3-5 years' experience in financial services risk management preferred.
• Ability to work in cross-functional groups and adapt to changes.

Responsibilities

• Administer operational event data collection and maintain reporting standards.
• Prepare reports and metrics for operational risk management and regulatory compliance.

Skills

Multi-tasking

Relationship Building

Operational Risk Management

Data Quality Assurance

Education

Bachelor’s degree in risk management or business-related field

Tools

Tableau

Microsoft Office (Word, Excel, PowerPoint)

Job description

Operational Risk - Risk Analyst III

Location: Remote, United States

ABOUT THE JOB

Administer the operational event data collection process and related database. Maintain hierarchies, category frameworks, and other information required for reporting. Conduct quality reviews of the data and provide guidance for reporters. Review and provide data for operational risk management and modeling, as well as regulatory and consortium reporting. Provide support for external operational event review and analysis. Collect and review information for tolerance reporting.

ESSENTIAL FUNCTIONS

• Manage the data collection process and maintain standards and procedures established by the Basel II Advanced Measurement Approach (AMA) requirements. Identify sources of and processes to collect Operational Loss Events, Near Misses, Operational Exposures, Credit Boundary Events, and Reportable Loss Events for Governance Escalations.
• Work with data providers including Fraud, Legal, Insurance, and Workers Compensation as well as business reviewers for events originated by other areas to ensure data quality and provide guidance and training for the collection process and GRC.
• Maintain various organizational hierarchies and category frameworks such as risk type, product, process, and cause for reporting requirements.
• Prepare reports using operational loss event data including quarterly Operational Risk Committee (ORC) report.
• Prepare quarterly tasks such as tolerance metrics, OCC Reporting (Losses by Basel Categories and Gross Operational losses), FRB Operating Loss Forecasting, Economic Capital, and reporting to the Federal Reserve (PPNR and FR Y-14).
• Partner with business representatives, regulators, and industry participants to provide information regarding operational risk and event collection.
• Work with GRC support staff for timely updates and maintenance used to process and report loss data including general ledger and hierarchy processing, and event creation and reporting.

REQUIRED QUALIFICATIONS

• Ability to multi-task and work in a fast-paced, changing environment.
• Bachelor’s degree in risk management or a business-related field.
• Ability to work in cross-functional groups and build strong relationships with business partners.
• Familiarity with Tableau, Microsoft Office tools (Word, Excel, PowerPoint) and proven ability to learn how to use other unique technologies.

PREFERRED QUALIFICATIONS

• 3-5 years of work experience in financial services risk management or related role.
• Understanding of bank processes, organizational structure, and financial systems.
• Advanced Excel and PowerPoint skills.
• Working knowledge of Basel II AMA requirements for operational risk.

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $70,000 to $80,000 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, 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: 04/17/2025

KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to building a diverse, equitable and inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or other protected category.

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].

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Key is an Equal Opportunity Employer, including disability/veterans.

Headquartered in Cleveland, Ohio, KeyCorp (Key) is one of the nation’s largest financial services companies. Key provides investment management, retail and commercial banking, consumer finance, and investment banking products to individuals and companies throughout the United States and, for certain businesses, internationally.

At Key we’ve made a promise to our clients that they will always have a champion in us. To deliver on that promise, we’re committed to building a team of engaged employees who do the right thing for our clients and help them achieve their financial goals each and every day.