Business Risk and Controls Risk Advisor (Third Party Management Team) Remote, United States

Location:

For Those Who Work At Home - Various, Ohio 44144

ABOUT THE JOB (JOB BRIEF):

Effective Third Party Management (TPM) enables Key to achieve its strategic goals and objectives, while ensuring products and services are provided in a safe and sound manner and in compliance with applicable laws and regulations. The TPM Team outlines and administers the bank’s approach to oversee and manage Key’s third party relationships and the associated risks in the TPM Policy and Program. The size, criticality, and complexity of Key’s TPM Program has grown and evolved to accommodate the bank’s strategic priorities and to account for emerging risks, which has increased the demand for first line of defense risk management professionals like you! As an enterprise shared service, TPM personnel collaborate horizontally across Key on noble and meaningful work that impacts the bottom-line and directly protects the interests of our customers, employees, and shareholders. Key’s TPM team is a diverse, passionate, and inclusive collection of risk management professionals with a commitment to one another and the bank’s mission and purpose.

Under the supervision of the TPM Operations Manager, the Third Party Management (TPM) BRC Risk Advisor ensures enterprise adherence to regulatory Third Party Risk Management (TPRM) guidance and Key’s TPM Policy through supporting and executing Program-required oversight and governance, planning, due diligence, ongoing monitoring, and termination activities.

ESSENTIAL JOB FUNCTIONS:

• Provides day-to-day TPRM subject matter expertise and production support to assigned Line(s) of Business and functional business units (LOBs) and TPRM stakeholders.
• Onboards third party engagements for assigned LOBs, including scheduling and facilitating validation meetings to confirm the accuracy and integrity of Key third party risk assessments. Ensures all stakeholders understand the activities being sourced, including the associated risk(s) to Key.
• Supports internal and external TPM Program stakeholders through assessing, monitoring, escalating, and remediating third party risk and controls.
• Assigns and documents inherent risk likelihood ratings and justification.
• Updates TPRM Governance Risk and Compliance (GRC Archer) system with information obtained and/or requiring modification from the validation meetings.
• Ensures the appropriateness of third party engagement management plans based on the activities being sourced, the risk categories impacted, and the inherent risk to Key.
• Performs periodic reassessments of third party engagements to ensure the inherent risk rating continues to accurately reflect the current inherent risk of the activity.
• Provides input, analysis and recommendations for risk accepting due diligence and ongoing monitoring action items and/or overriding risk assessment ratings.
• Reviews third party engagements for criticality, concentration, and country risks.
• Provides excellent customer service quality through resolving stakeholder concerns and issues regarding the TPRM process, system navigation, and specific engagement details.
• Provides input and recommendations to enhance the TPM Policy, Program, procedures, and processes.
• Supports / leads periodic TPM stakeholder training and onboarding sessions to promote Program adherence and understanding.
• Engages risk partners as appropriate throughout the TPM lifecycle for risk domain expertise relative to real-time assessments of risks and controls.
• Engages with Second and Third Line of Defense as appropriate to support review and challenge activities.
• Escalates production team processing constrains, errors and/or deficiencies to the TPM Operations Manager and takes appropriate corrective actions to remediate.
• Other management and tactical initiatives and projects as assigned.

REQUIRED QUALIFICATIONS:

• Bachelor’s degree or equivalent training / professional experience.
• Ability to identify, analyze, plan, monitor, report, and control operational and compliance risk.
• Ability to execute a strategy to prepare for and lessen the effects of threats faced by the business, including experience recognizing problems and creating a plan to correct and prevent them from occurring in the future.
• Experience in the development, drafting, implementing, and monitoring procedures to ensure they meet industry standards, and are consistent with operational processes.
• Experience performing independent validation of models, developing validation plans, conducting testing, and inspecting data.
• Experience providing input and support to various monitoring and reporting activities.
• Ability to manage multiple concurrent objectives, projects, groups, or activities, making effective judgments as to prioritizing and time allocation.

SOFT SKILLS:

• Ability to establish and maintain collaborative working relationships with clients, third parties, and peers.
• Knowledge of effective influencing tactics and strategies; ability to impact decisions within and outside own organization.
• Analytical Thinking - Knowledge of techniques and tools that promote effective analysis; ability to determine the root cause of organizational problems and create alternative solutions that resolve these problems.
• Systems Thinking - Knowledge of the critical interdependencies among individual system elements that help and hinder performance; ability to plan and design solutions that synchronize resources to achieve business results.
• Change Agility - Knowledge of the necessity to adapt self and team to evolving business needs; ability to develop and implement new ideas and initiatives that improve the organizations performance in light of new requirements.
• Problem Solving - Knowledge of approaches, tools, techniques for recognizing, anticipating, and resolving organizational, operational or process problems; ability to apply knowledge of problem solving appropriately to diverse situations.
• Resilience - Knowledge of different types of resilience and its importance; ability to pursue goals with drive and energy in the face of resistance.
• Excellent communication skills, both writing and presenting; can organize material for brevity, persuasiveness, and impact; can communicate to different levels of management effectively.

TACTICAL SKILLS:

• Knowledge of Regulatory Environment & Trends - Broad understanding of the current and evolving landscape of regulatory compliance that may have to an impact to the company.
• TPM Experience - Experience with the governance and oversight of the companys third party risk and responsibility for assessing the effectiveness of the controls in place to identify, monitor, and manage the third party risks.
• Risk Mitigation & Remediation Experience - Ability to execute a strategy to prepare for and lessen the effects of threats faced by the business, including experience recognizing problems and creating a plan to correct and prevent them from occurring in the future, and executing to that plan.
• Audit/Regulatory Exam Support Experience - Experience collecting, analyzing, and delivering responses to Audit/regulator information requests, and preparing presentation decks for regulators.
• Knowledge of processes, tools, and techniques for assessing and controlling an organizations exposure to risks of various kinds; ability to apply knowledge of risk management appropriately to diverse situations.
• Ability to manage multiple concurrent objectives, projects, groups, or activities, making effective judgments as to prioritizing and time allocation.

PREFERRED SKILLS/QUALIFICATIONS:

• Professional certification in vendor management, audit, risk management or a business discipline.
• Knowledge of the Archer Governance Risk and Compliance application.
• Experience with execution of a TPM Program.

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 either at a home office or in a Key facility to perform your job duties. Please note that if you are located in the Cleveland area, you will attend team meetings (typically on two Wednesdays per month) at the office location and other townhalls and meetings as needed.

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $60,000.00 - $75,000.00 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, 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.

Job Posting Expiration Date: 09/18/2024

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 HR_Compliance@keybank.com.

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