Senior Operational Risk Officer - Consumer Bank

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* Location:

** 4900 Tiedeman Road, Brooklyn Ohio
** Job Summary
** The Senior Operational Risk Officer position resides in the 2nd Line of Defense within Key Corp’s Operational Risk Management group and will be responsible for executing risk oversight activities for the Consumer Bank and various assigned operational and enterprise risk programs, projects and activities. The ideal candidate will promote a risk culture that encourages acknowledgement and recognition of operational risks and places a high priority on risk management.

As subject matter expert, provide advice, consultation services and training to assigned lines of business (LOBs) on operational risk program management topics, including all activities associated with LOBs risks, controls, testing, remediation, loss analysis, key risk indicators, reporting, policy, and procedure development. Perform oversight activities and assume responsibility for discouraging actions that may expose Key Corp and its affiliates to losses, regulatory or reputation risks, or to risk levels that exceed desired risk appetite through its business activities.

The position is responsible for ensuring operational risk program management consistent with Key Corp's Operational Risk Policy.
The position has responsibility for oversight of LOB Operational Risk programs and policies, which includes providing highly specialized guidance and oversight on current and emerging legal, regulatory, and operational risk issues, monitoring and measuring operational risk performance, and reviewing and challenging of strategy (initiative, products, third parties, clients), control design, implementation, testing, and remediation for assigned LOBs.This position is an individual contributor and reports to the Consumer Line of Business Operational Risk Oversight Director.
** About the Job
** The Senior Operational Risk Officer is a 2nd Line of Defense risk management position that provides independent oversight and Risk Management subject matter expertise to 1st Line of Defense Business units and their corresponding Business Risk and Control Analysts. This position is responsible for Operational Risk oversight of Key’s Consumer Bank. As part of this oversight role, experience with front office business and sales processes as well as back-office operations, and the ability to leverage that experience to identify material risks and assist in developing effective mitigation strategies is ideal.  

Responsibilities include providing guidance and oversight on current and emerging legal, regulatory, and operational risk issues, monitoring and measuring operational risk performance, and reviewing and challenging strategy (initiative, products, third parties, clients), and other operational risk activities associated with line of business risks, control design & implementation, testing, remediation, loss analysis, key risk indicators/metrics.
** ESSENTIAL JOB FUNCTIONS**  – Work directly with the lines of business (LOBs) to identify and assess risks, review and challenge risk assessments, provide input over controls and testing, advise on and monitor remediation activities and create reporting, ensuring line of business alignment within the Operational Risk program and framework.  – Responsible for primary execution of Operational Risk oversight and help guide and influence implementation of operational policies and/or procedures to mitigate risk within appetite.  

– Responsible for assisting with the ongoing development and implementation of the Major Line of Business (LOB) Operational Risk teams strategic plan to accomplish its Annual Operational Risk objectives, to include among others: the development and implementation of Operational risk policies and procedures; assessment, monitoring and testing; establishment of line of business accountability and escalation and reporting processes.  – Responsible for ongoing development and implementation of operational risk management topics, including such things as being the subject matter expert on operational risk activities associated with risks, controls, testing, remediation and reporting.  

–Actively participate in broad risk management…