Senior Compliance Associate - Quality Assurance

Location: For Those Who Work At Home - Various, Ohio 44144 The Senior Compliance Associate - Quality Assurance role reports to the bank's Financial Crimes Governance CDD / EDD Quality Assurance Senior Compliance Officer. The Senior Compliance Associate - Quality Assurance will work closely with the CDD / EDD Quality Assurance team ensuring Key's compliance with Bank Secrecy Act and Anti-Money Laundering (BSA/AML) regulations, including Customer Identification Program (CIP), Know Your Customer (KYC), and Customer Due Diligence (CDD) / Enhanced Due Diligence (EDD) customer risks and mitigation tactics. This role will have a special focus and strong understanding of the risks involved with high risk customer types, such as sovereign wealth funds (SWFs), pooled investment vehicles (PIVs), private investment companies (PICs), money service businesses (MSBs), cash intensive businesses, casinos / gaming, third party payment processors (TPPPs), politically exposed persons (PEPs), non-governmental organizations (NGOs), and marijuana-related businesses, conducting Quality Assurance reviews of the EDD files maintained for these higher risk customer types, as well as Quality Assurance reviews of transaction monitoring alerts, case investigations, and/or other various AML work products. This role also requires solid working knowledge of BSA/AML, CIP, KYC, OFAC/Sanctions, and CDD Beneficial Ownership regulations and regulatory expectations. In addition, beneficial for this role to have a solid working knowledge of complex business structures, financing, accounting / taxation, and foreign geopolitical risks. The Senior Compliance Associate - Quality Assurance is responsible for ensuring compliance of risk-based CDD / EDD with regard to AML high risk customers that may be required to maintain an AML Program, as well as evaluation and making decisions regarding relationship retention or exit of such customers. Additionally responsibilities include ensuring compliance with transaction monitoring and Suspicious Activity Report filing requirements. The successful candidate possesses strong analytical, communication, sound judgment, and leadership skills and may be called upon to assist in various initiatives that enhance upon the bank's BSA/AML and OFAC/Sanctions compliance program. The successful candidate will possess the ability to work independently, be a thought leader, execute upon strategies that mitigate BSA/AML and OFAC/Sanctions risks to the bank and quickly recognize issues that require escalation to Senior Management. Essential Job Functions: The Senior Compliance Associate will be responsible for oversight and providing guidance to internal bank partners on the following: * Solid knowledge of BSA/AML, CIP, KYC, Suspicious Activity Report filing, and OFAC/Sanctions banking regulations, regulatory expectations, and risks, especially involving FFIEC Exam Manual high risk customer types. * Oversight of reviewing and ensuring Enhanced Due Diligence documentation files and disposition by the sponsoring Lines of Business and the AML Operations area are in line with regulatory expectations as well as Key's policies and procedures. * Oversight of reviewing and ensuring transaction monitoring and case investigation documentation files and disposition are in line with regulatory expectations as well as Key's policies and procedures. * Review of new or changing regulations impacting the bank from a high risk customer or transaction monitoring perspective. * Serves as source of subject matter compliance expertise with regarding various CIP, KYC, CDD / EDD risks, participating in resolving compliance issues and promoting effective and consistent management of compliance risks. * Help ensure lines of communication between the departments and business units/entities executing compliance requirements remain open and aligned with processes to gain efficiencies, a