Compliance Associate -BSA/AML and Fraud Testing

Location:

About the Job

As part of Key's second line of defense Compliance Risk Management function, the Risk Evaluation and Assurance Program (the "REA Program") has the responsibility for evaluating Key's ongoing compliance with applicable laws and regulations through the execution of compliance monitoring and testing across Key's lines of business, products, and functional activities. Individuals in this role assist in the design and execution of BSA/AML (KYC, CIP, CDD, EDD) OFAC and Fraud testing and continuous monitoring to evaluate Key's compliance with regulatory requirements. Individuals work both autonomously on assignments and in collaboration with other members of REA team on projects and testing. The ideal candidate has a functional knowledge of BSA/AML, OFAC and Fraud compliance laws and regulations, risks and supporting operational processes, experience in testing/auditing, and a passion for continuous learning and challenging the status quo.

Essential Job Functions

• Serve on a team of risk evaluation and assurance professionals, working to provide an independent Second Line of Defense approach to risk-based monitoring and evaluation by focusing on current, high impact BSA/AML, OFAC, Fraud-related compliance risks, developing assessments, and providing input over control effectiveness through formal reporting, as well as monitoring remediation activities.

• Work independently and with a team on risk-based monitoring and evaluation activities, including risk assessment, monitoring and testing, analysis of findings, and reporting to ensure effective, sustainable risk management processes exist.

• Demonstrate a working knowledge of BSA/AML (KYC, CIP, CDD, EDD), OFAC, Fraud compliance regulations and laws including banking/consumer compliance regulations and laws, industry trends, emerging issues, and related banking products (e.g. - lending, deposits, etc.) and ability to understand its applicability to risk management strategies including the scoping of risk evaluations, monitoring, and design of testing plans.

• Utilize data analysis tools and techniques to analyze, quantify, and/or assess risks and to evaluate controls to identify potential weaknesses and/or control gaps.

• Clearly document the results or conclusions for testing performed in concise management reports and provide heightened awareness around significant risks and proactive identification, escalation, and remediation of control weaknesses or gaps.

• Review policies and procedures and associated compliance and compliance risk programs to ensure consistency with current applicable banking and securities rules, regulations, and laws.

• Develop and maintain strong, collaborative relationships with management, other internal clients and peers, and Audit.

Required Qualifications

• Education/Background: Bachelor's degree,

• Two (2) or more years of BSA/AML, OFAC and Fraud compliance, risk management, and/or audit experience with a strong focus on risks and controls.

• Practical working knowledge of BSA/AML (KYC, CIP, CDD, EDD), OFAC, Fraud and financial services compliance and operations including the related rules and regulations of the financial services industry to include: FinCEN, OCC, FRB, CFPB, State Law, and other pertinent regulations.

• Demonstrated skill in effectively communicating (verbal and written) results to a diverse audience; ability to work with all levels of management with a focus on collaboration and relationship management.

• Strong interpersonal skills; ability to work well in a team environment.

• High ethical standards, strong critical thinking, detective, analytical, and problem-solving skills.

• Autonomous, self-motivated, and flexible with the ability to adapt quickly to change or shifting priorities in a fast-paced environment.

Preferred Qualifications

• Currently maintains relevant professional and/or industry sponsored certifications in risk management and/or compliance, with specific relevance to BSA/AML or Fraud (e.g. - Certified Anti-Money Laundering Specialist (CAMS), Certified AML and Fraud Professional (CAFP), Certified Fraud Examiner (CFE), etc.).

• Prior financial services compliance testing experience leveraging risk-based auditing techniques.

• Experience with data analysis tools and techniques including advanced concepts of Microsoft Word, Excel, and PowerPoint and/or other analytical software (e.g. - SAS, Tableau, ACL, etc.).

• Comprehensive Working knowledge of the operational, technical and functional structure of financial services organizations, banking systems, and compliance programs.

• Experience working on projects or initiatives requiring strategic planning/thinking across multiple functional areas and business processes..

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $56,000.00 - $85,000.00 annually. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location. Compensation for this role also includes eligibility for 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 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.

Job Posting Expiration Date: 12/20/2025

KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, pregnancy, disability, veteran status or any other characteristic protected by law.

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 [email protected].

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KeyBank is an organization collectively committed to helping you unlock your potential and discover what truly drives you. Working here means sharing our purpose to help our clients, colleagues, and communities thrive. You'll find genuinely supportive teammates, a flexible, inclusive work environment, challenging projects, accessible leaders, and opportunities to grow in your position and your career. For 200 years, Key has opened doors in our communities. Let us open one for you.