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KeyBank

KeyBank

Provides banking, loans, and financial services

Commercial Card and Merchant Risk Manager

Full-TimeUpdated on 9/22/2026Deadline 9/30/26
$96k - $181k/yr

+ Incentive compensation + Production incentives + Commission + Discretionary incentives

Senior
Bachelor's
Remote in USA+2 more

More locations: Cleveland, OH, USA | Buffalo, NY, USA

Hybrid

Hybrid candidates in the KeyBank footprint must work on-site three days per week; remote employees must work East Coast hours.

About the job

Requirements
  • A bachelor's degree is required.
  • At least 5 years of industry experience in payments or a similar industry is required.
  • At least 5 years of risk management experience is required; experience in merchant services or merchant acquiring is highly preferred.
  • Demonstrated understanding of risk management best practices related to compliance, anti-money laundering, credit, and operational risk within payments is required.
  • Proficiency with Microsoft Office software, including PowerPoint and Excel pivot tables, and Tableau is required.
  • Excellent written and oral communication, interpersonal, and organizational skills are required.
  • Ability to build strong collaborative relationships with internal partners across business development, operations, compliance, and risk is required.
  • Ability to function effectively under pressure is required.
Responsibilities
  • Partner with Product across Merchant Services and Card Issuing/AP Automation to assess the inherent risk of product changes and develop an appropriate control environment within the bank's risk appetite.
  • Collaborate with line-of-business partners to identify enhancements to the risk and control environment and proactively address regulatory or environmental changes.
  • Partner with second-line risk management to maintain risk requirements in bank-wide policies and procedures.
  • Partner with first-line Product Management and Business Development to assess risk impacts of new initiatives and establish appropriate mitigating controls and procedures.
  • Develop awareness and understanding of the risk framework throughout the Commercial Bank.
  • Establish reporting using internal data, benchmarks, and industry or regulatory guidance.
  • Maintain an understanding of regulations, regulatory guidance, and network rules affecting supported products, including changes and trends in regulatory policies.
  • Create presentations and present them as required.
  • Provide assistance and support to internal partners on risk-related issues.
  • Improve risk identification, mitigation, and process efficacy through continuous improvement.
Desired Qualifications
  • Experience with card networks and familiarity with card network rules, particularly on the issuing or acquiring side.
  • Experience overseeing fintech or software-as-a-service vendor relationships.
  • Certified Anti-Money Laundering Specialist certification.
  • Accredited ACH Professional certification.

About the company

KeyBank provides a full range of banking services for individuals, small businesses, and commercial clients across the United States. It offers checking and savings accounts, credit cards, mortgages, loans, and other financial products. Customers use these products by making deposits, borrowing money, or using credit in everyday life; the bank earns interest on loans, fees for services, and commissions on products. KeyBank differs from many rivals by offering a wide geographic footprint and a focus on tailored financial solutions plus tools to improve financial wellness, such as budgeting resources and planning guidance. Its goal is to help clients reach financial milestones—like buying a home, paying down debt, or saving for the future—through a comprehensive set of services.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Cleveland, Ohio

Founded

1824

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Simplify's Take

What believers are saying

  • July 2026 Q2 EPS hit $0.44, revenue rose 7%, and guidance increased.
  • KeyBank repurchased $340 million stock in Q2 2026, signaling excess capital and management confidence.
  • KeyBanc Capital Markets won repeated mandates in 2026 from MasTec, athenahealth, and American Greetings.

What critics are saying

  • January 7, 2026 PPP fraud settlement cost KeyBank $7.77 million and damaged controls credibility.
  • August 19, 2026 South Bend poaching lawsuit shows KeyBank’s wealth teams face aggressive talent leakage.
  • Commercial real estate and deposit competition threaten margins; a prolonged NIM slip crushes KeyBank earnings power.

What makes KeyBank unique

  • KeyBanc Capital Markets closed Worthington Steel’s $2.6 billion financing on June 25, 2026.
  • KeyBank launched KeyVAM and Check Control for Business, deepening treasury stickiness on September 8, 2026.
  • April 2026 Personetics enrichment and Q3 insights pilot sharpen KeyBank’s digital banking experience.

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Benefits

Medical, dental, & vision

Wellness Programs

Fitness Reimbursement

Alternative Work Schedules

PTO

Parental Leave

401(k) Savings Plan

Discounted Stock Purchase Plan

Tuition Reimbursement

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

-2%

2 year growth

-2%
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