Compliance Associate - Financial Crimes Governance Remote, United States

Location:

For Those Who Work At Home - Various, Ohio 44144

The Compliance Associate – CDD/EDD role will report to a Compliance Manager in the high risk CDD/EDD group of Financial Crimes Governance (Compliance).  The Compliance Associate – CDD/EDD helps ensure Key’s compliance with Bank Secrecy Act and Anti-Money Laundering (BSA/AML) regulations, including Customer Identification Program (CIP), Know Your Customer (KYC), and Customer Due Diligence (CDD)/Enhanced Due Diligence (EDD) customer risks and mitigation tactics.  This role may work on a variety of high-risk customer types, such as marijuana-related businesses, cash intensive businesses, including ATM operators, owners, and servicers, money service businesses (MSBs), casinos / gaming, third party payment processors (TPPPs), politically exposed persons (PEPs), non-governmental organizations (NGOs), etc., as well as with various lines of business.  This role will also assist in the account closure process of clients who may be outside of Key’s risk appetite.  In addition, it is beneficial for this role to have a solid working knowledge of BSA/AML, CIP, KYC, OFAC/Sanctions, and CDD Beneficial Ownership regulations and regulatory expectations.  Experience with writing procedures and developing compliance programs is a bonus.

The successful candidate possesses strong analytical, communication, and sound judgment skills and may be called upon to assist in various initiatives that enhance upon the bank’s BSA/AML and OFAC/Sanctions compliance program.  The successful candidate will possess the ability to work independently and execute upon strategies that mitigate BSA/AML and OFAC/Sanctions risks to the bank and quickly recognize issues that require escalation to Management.

Essential Job Functions:  The Compliance Associate will be responsible for providing guidance to the team and internal bank partners on the following:

• Solid knowledge of BSA/AML, CIP, KYC, and OFAC/Sanctions banking regulations, regulatory expectations, and risks, especially involving FFIEC Exam Manual high risk customer types.
• Policies and procedures relative to BSA/AML, CIP, KYC, and CDD/EDD.
• Review of new or changing regulations impacting the bank from a high-risk customer perspective.
• Serves as source of subject matter compliance expertise with regarding various CIP, KYC, CDD/EDD risks, participating in resolving compliance issues and promoting effective and consistent management of compliance risks.
• Help ensure lines of communication between the departments and business units/entities executing compliance requirements remain open and aligned with processes to gain efficiencies, avoid unnecessary redundancies, and coincide with business and customer risk profiles.
• Work closely with AML and OFAC/Sanctions operations support areas to ensure compliance with BSA/AML, CIP, KYC, and OFAC/Sanctions requirements including onboarding, enhanced due diligence, and investigations reviews.
• Participate as stakeholder or team member on projects/initiatives as warranted by scope.
• Participate in new business initiatives, new product development, and product analysis.
• Keeping management apprised and recognizing when to escalate issues as needed.
• Promote a proactive compliance culture, delivering advice and guidance to the business/support functions.

Required Qualifications:

• At least 1 – 3 years of legal, banking compliance, or regulatory BSA/AML and/or OFAC/Sanctions experience.
• Experience working with FFIEC Exam Manual high risk customer types, including conducting CIP, KYC, and CDD/EDD desired.
• A Bachelor’s Degree is required.
• CAMS and/or ACFCS certification, or the willingness to obtain, desired.
• Excellent analytical and investigative skills.
• Excellent writing skills and the ability to succinctly convey information to business and compliance management.
• Exceptional ability to support multiple programs in a fast-paced environment with changing priorities and significant time pressures.
• Exceptional ability to work across departments and business units/entities to ensure compliance requirements are understood and met.
• Strong attention to detail.
• High ethical standards.

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $60,000 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, 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: 01/17/2025

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 HR_Compliance@keybank.com.

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