Third Party Risk Management, Shared Services and Regulation W Officer
KeyBank
United States, New York, Buffalo
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Salary
$145,000 - $165,000 Per Year
Rank
Senior Manager
Responsibility
Process Roles
Scope
Regional
Workplace
100% in office
Functions
Legal
Reports to
Level
N-2
Travel Max:
0%
Posting Date
08-20-2025
Description
The Third Party Management, Shared Services and Regulation W Compliance Manager is responsible for assisting the applicable Compliance Executive in overseeing compliance risk mitigation and discouraging actions that may expose KeyCorp and its subsidiaries to regulatory, compliance, or reputational risks in excess of Key’s risk tolerance. This position will be responsible for compliance oversight of Third Party Management, Shared Services lines of business (Finance, Human Resources, Law Group, Risk Management, Corporate Center), and Regulation W. This position will have oversight of compliance risk programs and policies including providing highly specialized guidance and oversight on current and emerging regulatory compliance risks. The qualified candidate must be able to work independently and use sound judgment, taking into consideration risk tolerances of the assigned LOBs and Key’s overall risk appetite.
Key Responsibilities
- Provide second line of defense compliance oversight of Third Party Management, Shared Services lines of business and Regulation W.
- Serve as the bank’s Regulation W Officer.
- Provide strong leadership, mentoring, and guidance to peers and other members of the team as well as other members of Risk Management.
- Respond to internal and external audits, exams, and requests for information.
- Develop and maintain positive working relationships with internal clients, staff, peers, and LOB senior management.
- Maintain relationships with industry peers and regulatory bodies.
- Identify, respond and/or escalate risks as appropriate.
- Assist in the development of policies, standards, procedures, and guidelines to align with corporate risk appetites, tolerances, and policies.
- Conduct review and challenge activities and escalate as warranted.
- Support or direct project teams in the ongoing development and implementation of strategic plans and objectives, and regulatory changes.
- Support other risk disciplines in risk identification, mitigation, and reporting.
- Exemplify understanding of and implement the three-lines-of-defense model.
- Perform other duties as required.
Qualification & Requirements
- Bachelor’s degree or comparable education required, compliance certification, a plus.
- Minimum of 5-10 years of relevant industry experience.
- Extensive knowledge of the banking related statutes and regulations.
- In-depth practical knowledge of internal controls, risk assessments, compliance processes, and applicable techniques for the implementation of regulatory and legal requirements.
- Strong relationship management and leadership skills, including the ability to work in a team environment and positively accept and lead through change.
- Proven track record of integrity, strong ethics, and sound decision-making skills, including the ability to make decisions independently and quickly.
- Ability to effectively communicate to lines of business and senior management, both in writing and verbally.
- Strong attention to detail coupled with strong problem-solving and analytical skills.
- Proven ability to have, maintain, and establish strong contacts within the industry to be aware of current industry issues and practice.
- Proven ability to think proactively and drive results through people.
- Strong project management and/or continuous improvement skill.
Benefits
- Alternative Work Schedules
- Paid Time Off (PTO)
- Lifestyle Spending Account
- Parental Leave
- Adoption Assistance
- Mental & Emotional Health
- Other Perks and Benefits…
Company Profile
KeyBank
Industry
Banking
Revenue
$8.1B
Employees
17,987
Fortune 500 Rank
#459
Global 500 Rank
NA
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