Business Analytics Senior Associate-Model Risk

KeyBank•Amherst, NY

1d•$80,000 - $150,000•Hybrid

About The Position

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.

Requirements

Bachelor’s degree in finance, Economics, Accounting, Business Administration, or a related discipline (or equivalent experience).
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).
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.

Nice To Haves

Master’s degree preferred.
Proficiency with analytical programming languages (e.g., Python, SQL, SAS) and/or familiarity with AI-based tools such as Copilot, Gemini, etc. is preferred.

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.