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Role Description
The Risk Review Group (Internal Audit) is the third line of defense. The Risk Review Group (RRG) is accountable to the KeyCorp Audit Committee and is responsible for providing an independent and objective perspective on KeyCorp’s processes and risks through assessment and testing of the adequacy and effectiveness of Key’s risk management policies and practices, while also ensuring adherence to applicable laws and regulations.
This is accomplished through completion of an Annual Audit Plan, which includes both risk evaluations and risk reviews (internal audits). The Senior Lead Auditor will be responsible for the coordination and completion of the three phases of a risk review:
- Planning
- Fieldwork
- Reporting
This will include:
- Completion of walkthroughs
- Interacting with line of business personnel
- Performing and documenting testing of internal controls
- Ensuring adherence to required laws and regulations
- Drafting of findings
- Reporting deliverables
- Identifying risks and controls associated with the various business functions
During the course of a risk review, the Senior Lead Auditor will be asked to:
- Serve as the lead on complex reviews
- Manage assigned staff and provide feedback where applicable
- Participate on ad-hoc projects, ongoing risk intelligence activities, and risk review related trainings
The Financial Risk Review (FRR) is responsible for providing independent testing of Key’s Sarbanes-Oxley (SOX) program. FRR works with Financial Risk Governance (FRG) and Key’s external auditor Ernst & Young (EY) to assess the effectiveness of control procedures to mitigate the risk of material misstatements to Key’s financial statements. FRR also performs:
- Substantive testing
- SOC1 audits
- Compliance reviews on behalf of EY
Additionally, FRR will perform walkthroughs covering areas such as:
- Treasury Operations
- Reconciliations
- Real Estate Capital
- Wires
- Capital Markets
- Accounts Payable
- Multiple Loan Systems
Qualifications
- Bachelor’s Degree – preferred
- Master’s Degree – preferred
- Minimum of 4 years of audit or related experience
- Relevant professional certification – preferred
Requirements
- Demonstrate intermediate knowledge of audit concepts with a solid understanding of audit concepts within internal audit including documentation of testing, audit findings and audit reports
- Consistently demonstrate intermediate business writing skills and cohesively present information effectively to others
- Prioritize and execute multiple assignments; identify obstacles within the scope of assignments; proactively communicate delays in assigned deliverables or additional capacity availability; effectively delegate work when necessary
- Exhibit intermediate leadership skills by leading or providing oversight on stand-alone and integrated reviews or ad-hoc projects while managing staff and delivering feedback on performance
- Identify opportunities for continuous improvement and implementation of strategies to drive team and/or division change; demonstrate ability to draw insight from risk intelligence and regulatory bulletins
- Deliver communication of audit findings and other audit matters to senior management
- Develop relationships with clients; thoughtfully engage in networking with members of your team, within the RRG and across Key, to build lasting relationships
- Exhibit an intermediate understanding of product skills and business, industry and regulatory concepts
- Demonstrate the ability to perform in an organizational culture of respect and personal accountability regarding Diversity, Equity and Inclusion
Benefits
- This position is eligible to earn a base salary in the range of $75,000 to $95,000 annually depending on location and job-related factors such as level of experience
- Compensation for this role also includes eligibility for short-term incentive compensation and deferred incentive compensation subject to individual and company performance
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