Business Analytics Senior Associate-Model Risk

Location: Cleveland, OH, Remote, United States, 4224 Ridge Lea Road, Amherst, NY

Time Type: Full time

Job Description

Location:

127 Public Square, Cleveland Ohio

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 KeyCorp’s 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

• Bachelor’s degree in finance, Economics, Accounting, Business Administration, or a related discipline (or equivalent experience).  Master’s 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 Key’s Values and abide by Key’s 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

This position is eligible to earn a base salary in the range of $80,000.00 - $150,000.00 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 which may include production, commission, and/or discretionary incentives.

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: 04/19/2026 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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