Hybrid Business Analytics Lead Associate – Model Risk Governance

at KeyBank

• Job title: Business Analytics Lead Associate – Model Risk Governance
• Job type: Full Time
• Experience level: Senior
• Salary: $71,000 - $125,000 per year
• Degree requirement: Bachelor's Degree
• Tech skills: Python, SQL
• Location requirements: Hybrid, Cleveland, United States

About the role

• Model Risk Analytics Lead Associate supporting compliance with KeyCorp's Model Risk Management framework. Collaborates with businesses for effective model oversight and regulatory compliance.

Responsibilities

• Serve as a supporting point of contact for assigned Lines of Business (LOBs) on model risk governance matters, providing guidance on MRM requirements with oversight from senior team members.
• Partner with model owners, developers, and the independent model validation team to support governance coordination, issue resolution, and timely communication.
• Support maintenance of the enterprise model inventory by reviewing submissions, validating data, and ensuring accurate documentation of model usage, ownership, and risk attributes.
• Perform review and challenge activities related to model governance, control design, implementation evidence, testing results, and ongoing monitoring, escalating concerns as appropriate.
• Support model validation activities by reviewing validation reports, summarizing key findings, and assisting with communication of residual risks to stakeholders.
• Track validation findings and remediation action plans, monitoring progress and escalating delays or deficiencies to senior governance staff.
• Participate in Risk and Control Self‑Assessments (RCSAs) related to model risk, including documentation, testing support, and issue identification.
• Execute model risk‑related responsibilities within enterprise Procurement and Third‑Party Management processes.
• Ensure the accuracy and completeness of model risk data within GRC tools and reporting systems.
• Collaborate with other governance, risk, and compliance functions to support consistent application of model risk standards across the enterprise.
• Contribute to model risk reporting, analytics, and data management initiatives, including preparation of materials for management review.
• Stay informed on regulatory guidance, internal policies, and industry practices related to model risk management.
• Perform additional duties as assigned by management.

Requirements

• Bachelor’s degree in finance, Economics, Accounting, Business Administration, or a related discipline (or equivalent relevant experience).
• Minimum three years of experience in model risk management, risk governance, audit, compliance, or a related field, with a strong focus on controls, processes, and risk assessment.
• Working knowledge of model risk management concepts, governance frameworks, and control environments.
• Experience working with GRC platforms, risk reporting tools, or data management systems.
• Proficiency with analytical tools and languages (e.g., Python, SQL, SAS) and/or familiarity with AI‑enabled tools such as Copilot or similar technologies is preferred.
• Strong proficiency in Microsoft Excel and PowerPoint.
• Strong organizational skills with the ability to manage multiple priorities and deadlines.
• Effective written and verbal communication skills, with the ability to interact professionally with stakeholders across LOBs.
• Ability to work independently and in a team environment in a fast-paced, highly regulated environment.

Benefits

• Eligible for incentive compensation including production, commission, and/or discretionary incentives