Operational Risk Officer - Fraud Risk Management

Location:

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

• 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.
• Contribute to the development and implementation of Fraud Risk processes, tools, policies, standards, and procedures in alignment with the Enterprise Risk Management Framework.
• In accordance with the Operational Risk Policies and guidelines, review issues/findings population to identify fraud specific issues and update records as necessary.
• Conducti fraud risk assessments and evaluations (targeted and enterprise level) and identify gaps and observations as relevant to the assessment/evaluation.
• Review reports and analyses performed on findings review with leadership on a monthly basis
• Develop department procedures to support governance monitoring processes and assist in the review, update and enhancement of operational risk management policies and procedure standards.
• Participate and/or lead operational risk related projects, initiatives, working groups or other tasks as assigned to meet team objectives.

REQUIRED QUALIFICATIONS

• Bachelor’s degree
• Minimum of 5 years in fraud/risk management experience in the first, second or third line or a combination
• Demonstrated knowledge of fraud regulations, regulatory guidance, and relevant rules
• Understanding of fraud related risks and issues as well as risk assessment experience
• Strong ability to work with all levels of management within the company.
• Experience working/managing projects across multiple functional areas and dealing with multiple business partners.
• Ability to grasp complex processes quickly and be able to identify fraud risks and compensating controls.
• Excellent problem-solving abilities and results oriented; able to make decisions independently.
• Proven ability to work as a team.
• Strong leadership skills and ability to influence others.
• Sound understanding of fraud risks and internal control frameworks.
• Strong analytical/research skills coupled with ability to effectively summarize findings.
• Excellent verbal, written and interpersonal skills.
• Ability to adapt to change and communicate changing requirements.
• Excellent organizational skills and meticulous attention to detail
• Proficient PC skills with experience in Microsoft Office, SharePoint, GRC
• Industry certifications a plus, such as Certified Fraud Examiner (CFE)

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $90,000 to $110,000 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.

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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