Location:

For Those Who Work At Home, Ohio

Job Summary

Credit Risk Review (CRR) is considered part of the third line of defense. CRR is accountable to the organization's Chief Risk Review Officer and KeyCorp Board of Directors and is responsible for performing the organization's loan review function. This is accomplished through completion of an annual review plan, which may include both periodic and continuous file review. The CRR team is responsible for ensuring accurate and timely risk ratings to assess the credit quality and identification or confirmation of problem credit risk exposures. The team is also accountable for providing an objective, independent and timely assessment of the overall quality of the loan portfolio. The team is responsible for evaluating the activities of lending personnel and management, including compliance with lending policies and the quality of their loan approval, monitoring, and risk assessment. Lastly, the team will perform continuous loan review and monitoring including interaction with Line of Business executives and Credit Risk Management to identify potential shifts in credit risk. The Senior Credit Risk Reviewer will work with a team of reviewers to conduct individual credit file reviews to assess the quality of underwriting and portfolio management activities of the lending relationship and principally to independently validate and, if necessary, adjust the risk ratings; perform active, dynamic, and comprehensive credit risk intelligence with the ability to leverage insights to determine loan sample selection; identify loans with potential or well-defined weaknesses; perform timely and comprehensive analysis to identify trends that affect the quality of the loan portfolio and potential problem areas; assess the adequacy of and adherence to internal credit policies and procedures and monitor compliance with applicable laws and regulations; and maintain an up-to-date working knowledge of consumer credit review methodologies and regulatory expectations. During a CRR exam, the Senior Credit Risk Reviewer, in addition to individual credit file reviews, will be asked to lead a team of reviewers, conduct reviews of credit portfolios, and write reports of conclusions and recommendations resulting from the reviews. The Senior Credit Risk Reviewer will be an advisor to junior team members. Reviewer will also participate in special projects, and complete ongoing credit risk intelligence activities and related training.

Essential Functions

• Assess complex commercial private credit transactions, including evaluation of underwriting structure, borrower performance, cash flow adequacy, covenant compliance, collateral coverage, and repayment capacity.
• Evaluate the effectiveness of First and Second Line credit risk management activities, including independent challenge of underwriting decisions, risk rating practices, portfolio monitoring processes, and risk governance frameworks.
• Review portfolio-level credit performance, concentration risk, industry exposure trends, and emerging credit risk themes to identify potential adverse impacts to portfolio quality.
• Assess alignment of lending activities with the Bank's approved Risk Appetite Statement, credit policies, and regulatory expectations.
• Evaluate ongoing portfolio surveillance methodologies, including watchlist management, criticized asset identification, stress testing, and early warning indicator monitoring.
• Demonstrate advanced knowledge of private credit and direct lending structures, including sponsor-backed financings, unitranche facilities, mezzanine debt, recurring revenue lending, and other complex lending arrangements.
• Partner effectively with business leaders, Credit Risk Management, Portfolio Risk teams, and regulators to provide independent insight regarding emerging credit risks and portfolio quality.
• Demonstrate expert credit skills including the ability to independently assign risk ratings based on Key’s internal policies and risk rating methodologies, as well as external regulatory guidance.
• Exhibit ability to work independently towards goals, seeking information and collaborating, as necessary.
• Consistently demonstrate expert business writing skills and the ability to cohesively present information effectively to others including the delivery of findings and other credit risk matters to senior and executive management.
• 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 expert leadership skills by leading or providing oversight on complex reviews or ad-hoc projects including 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.
• Demonstrate the ability to perform in an organizational culture of respect and personal accountability regarding Diversity, Equity and Inclusion.
• Performs other duties as assigned; duties, responsibilities and/or activities may change or new ones may be assigned at any time with or without notice.
• Complies with all KeyBank policies and procedures, including without limitation, acting professionally at all times, conducting business ethically, avoiding conflicts of interest, and acting in the best interests of Key’s clients and Key.

Education

• Bachelor's Degree (preferred)
• Master's Degree (preferred)

Work Experience

• 7+ years of relevant credit experience (required)
• Prior credit risk review experience (preferred)

Licenses and Certifications

• Credit Risk Certification (CRC) (preferred)
• Moody's Analytics Certificate in Commercial Credit (preferred)

Skills

• Relationship building – demonstrated ability to build and maintain strong relationships with individuals across all lines of defense.
• Communication skills – expert communication skills to ensure perspectives are clearly and timely conveyed.
• Influence – demonstrated ability to tactfully present strong arguments and affect change within the organization.
• Decision making – strength in making challenging decisions based on information available to ensure processes can move forward.
• Coaching and mentoring teammates – strong ability to develop teammates through ongoing coaching and performance feedback.
• Presentation skills – ability to present to various types of audiences and appropriately tailor the depth and focus of the presentation.
• Change Management – demonstrated competency to lead people through change with active and thoughtful communication.

Core Competencies

All KeyBank employees are expected to demonstrate Key’s Values and abide by Key’s Code of Conduct.

Physical Demands

• General Office - Prolonged sitting, ability to communicate face to face in person or on the phone with teammates and clients, frequent use of PC/laptop, occasional lifting/pushing/pulling of backpacks, computer bags up to 10 lbs.

Travel

• Occasional travel to include overnight stay.

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $116,000.00 - $216,000.00 annually. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location. Compensation for this role also includes eligibility for incentive compensation which may include production, commission, and/or discretionary incentives. Please click here for a list of benefits for which this position is eligible.

Key has implemented an approach to employee workspaces which prioritizes in-office presence, while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.

Job Posting Expiration Date: 12/02/2026

KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, pregnancy, disability, veteran status or any other characteristic protected by law. 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.

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