Summer 2024 Risk Management Internship

Job Description

Location: 127 Public Square - Cleveland, Ohio 44114 If you are interested in more than one KeyBank Internship opportunity, please consider applying for your top 3 internship roles within 12 months to ensure you are not duplicating efforts and obtaining the best candidate experience. Program Duration: MAY 29, 2024 – AUGUST 9, 2024 What does our Internship Program offer? Key’s Enterprise Internship is a 10.5-week program that provides meaningful work that matters, offers feedback and coaching, and creates engaging events and conversations that will spark excitement and interest in bringing one’s full-time career to Key post-college. Interns are involved in a host of line of business-specific projects that directly impact and benefit Key’s business and strategic pillars. The program includes networking with Key teammates across all levels of the organization, a series of Learning Labs where internal and external speakers provide insight on Key’s competitive landscape, financial wellness, and professional development best practices, and an assigned mentor who shares knowledge, experience, and advice. Risk Management Key Risk Management provides leadership on risk management strategies and initiatives for credit, market, compliance, operational and model risk as well as portfolio management, quantitative analytics, and asset recovery activities. About the Risk Management Internship Program The Risk Management Intern Program is designed to build KeyBank risk professionals through training, work experience, cross-functional experience, and robust feedback and performance management. Interns are placed in a specific department in Risk Management and remain in that department for the duration of their internship. Upon successful completion of the program, interns are eligible to be offered a full-time rotational analyst program position within the Risk Management department. Job Responsibilities

• Assess and monitor risk and controls
• Opine on efficacy of control environment
• Communicate opportunities for efficiency and process improvement
• Data analytics and reporting
• Working with various systems
• Quality assurance and control testing
• Credit analysis
• Practical application of regulatory requirements
• Opportunities for special projects will be determined based on performance and business

Internship placement areas may include: Enterprise, Operational, Compliance, Credit, Market, or Model Risk. Enterprise Risk Responsible for examining risk in a holistic manner, learning about all aspects of risk and interacting with all risk departments, aggregating risk, developing methodologies, and identifying best practices for assessing and controlling risk. Operational Risk Responsible for examining the risk of loss resulting from internal human error or malfeasance, failed internal processes or systems, or external events. Compliance Risk Responsible for examining the risk of legal or regulatory sanctions, financial loss, or damage to reputation KeyBank may experience as a result of a failure to comply with applicable laws, regulations, rules, or other regulatory requirements that are imposed on the banking/financial industry. Credit Risk Responsible for credit approval and risk oversight of Key’s credit portfolios, analyzing the risk of borrower failure to meet their contractual obligations to repay debts in accordance with agreed-upon terms. Market Risk Responsible for monitoring and evaluating the risks affecting Key’s current or anticipated capital, income, cash flows, or valuation of equity and portfolios, resulting from adverse movements in market rates or prices. Model Risk Responsible for ensuring Key employs approved and validated proprietary and vendor-provided models that are suited for their intended purpose, properly implemented, and operate as intended. Qualifications

• Graduating with a four-year degree or graduate-level degree by May 2025 with focused coursework in finance, accounting, actuarial science, economics and/or data science (preferred)
• Outstanding academic achievement (minimum 3.0 GPA)
• Demonstrated leadership and teamwork from past work experience and/or extracurricular activities
• Bring solid analytical, problem-solving, communication, and presentation skills
• Proficiency in Excel and PowerPoint

COMPENSATION AND BENEFITS This position is eligible to earn an hourly rate of $21 per hour. Compensation also includes a $2,000 Summer Internship Sign-on Bonus. KeyBank’s Campus Program Internship and Analyst positions are not eligible for employment visa sponsorship (e.g., H-1B visa). This includes, for example, situations where a candidate may have temporary work authorization while enrolled in school or upon graduation (e.g., CPT, OPT) but would need H-1B visa sponsorship within a few years of employment in order to maintain employment eligibility. Please click here for a list of benefits for which this position is eligible. KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to building a diverse, equitable and inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or other protected category.
Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com .