Business Analytics Senior Associate-Model Risk

Location:

Overview

The Model Risk Analytics Senior Associate (MRASA) serves as a primary advisor to assigned Lines of Business (LOBs) providing expert guidance on model risk management and adherence to KeyCorps Model Risk Management (MRM) framework. This role partners closely with the independent model validation function to ensure consistent application of policy regulatory compliance and effective risk oversight across the enterprise. The MRASA is accountable for identifying monitoring and mitigating model-related risks that could expose the organization to financial regulatory or reputational harm.

Key Responsibilities

• Act as the primary point of contact for assigned LOBs on all model risk matters providing advisory consultative and training support.

• Serve as a liaison between model owners developers and the independent model validation team to facilitate effective governance and issue resolution.

• Maintain oversight of the enterprise model inventory ensuring accuracy completeness and a clear understanding of model usage ownership and risk profile.

• Provide expert review and challenge of model governance control design implementation testing performance monitoring and remediation activities.

• Support model validation activities by ensuring compliance with MRM policies and procedures reviewing validation reports and communicating findings and residual risks to management and LOBs.

• Oversee the tracking and remediation of validation findings including escalation of issues where action plans are insufficient or execution is untimely.

• Execute Risk and Control Self-Assessments (RCSAs) related to model risk and support broader governance initiatives as required.

• Execute and contribute to model risk related responsibilities within the enterprise Procurement and Third-Party Management processes.

• Ensure the accuracy and integrity of model risk data within GRC and reporting systems.

• Collaborate with other governance and risk management functions to promote consistency and alignment across the enterprise.

• Monitor regulatory developments and industry best practices to inform model risk governance standards.

• Contribute to model risk reporting analytics and data management initiatives.

• Provide guidance and oversight to junior model risk staff where applicable.

• Perform additional duties as assigned by Management or the Director within Model Risk Governance.

Required Qualifications

• Bachelors degree in finance Economics Accounting Business Administration or a related discipline (or equivalent experience). Masters degree preferred.

• Minimum of five years of experience in model risk management risk governance audit or related fields with a strong focus on controls processes and risk assessment.

• Working knowledge of GRC platforms and data visualization tools (e.g. Tableau). Proficiency with analytical programming languages (e.g. Python SQL SAS) and/or familiarity with AI-based tools such as Copilot Gemini etc. is preferred.

• Strong interpersonal skills with the ability to influence and collaborate across organizational boundaries.

• Advanced proficiency in Microsoft Excel and PowerPoint.

• Strong organizational skills with the ability to manage multiple priorities and meet tight deadlines.

• Excellent written and verbal communication skills.

• Ability to work independently and in a team environment in a fast-paced highly regulated environment.

Core Competencies

• All KeyBank employees are expected to demonstrate Keys Values and abide by Keys Code of Conduct.

Physical Demands

• General Office - Prolonged sitting ability to communicate face to face in person or on the phone with teammates and clients frequent use of PC/laptop occasional lifting/pushing/pulling of backpacks computer bags up to 10 lbs.

COMPENSATION AND BENEFITS

Please click here for a list of benefits for which this position is eligible.

Key has implemented an approach to employee workspaces which prioritizes in-office presence while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.

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