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KeyBank NA Climate Risk Analyst II in Cleveland, Ohio

Location: 127 Public Square - Cleveland, Ohio 44114 JOB BRIEF (PURPOSE) Assessing the implications of climate change on financial stability has become a top priority for many banks in the US - driven by increased policy and regulatory focus, and expectations of key stakeholders including customers, investors, rating agencies as well as the broader community. An expectation that we demonstrate an understanding of Key\'s contribution to potential systemic financial instability from physical and transition risk and the effects on Key\'s risk taxonomy, will result in a need for greater transparency with improved measurement, a likely refinement of our risk appetite and standardized disclosure of metrics used to manage risks and opportunities. As part of the Risk Management team, the Qualitative Risk Assessment(QRA) group not only assesses emerging risks, it serves as a centralized resource, manages various climate initiatives, provides expertise as needed, and build/coordinates the development of climate capabilities across relevant functions. The Climate Risk Team, within QRA, provides oversight and subject matter expertise as the firm works to develop and implement a holistic climate risk management framework that includes but not limited to the processes of climate risk identification, risk assessment, scenario analysis, and reconciliation with risk appetite. As part of the bank-wide effort, the Qualitative Risk Analyst II will support the buildout of the firm\'s effort to establish a comprehensive climate risk management framework by evolving the internal reporting capabilities to allow for reporting and monitoring of climate related targets and metrics into Key\'s established reporting processes. The objective of monitoring is to review designated metrics to ensure the organization is on track to reach its targets, or is within established tolerances. Specifically, responsibilities will include the development, maintaining and operationalizing of a climate dashboard with a heat map view that management and board committees can use to monitor, set strategy and make informed decisions in regards to climate. Further, the sub-segments breakdown view allows decision makers to analyze the root cause for threshold/tolerance breaches or near breaches. An example of this would be the risk of an industry that is above the portfolio average and/or a benchmark and warranting further investigation of the drivers of the excess risk. The analyst would assist in preparing risk mitigating recommendations, such as inclusion in the high risk list and/or the revising of targets and limits. The analyst will also work on creating other adhoc and regular reports for engaging internal and external stakeholders, such as lower level management committtees and regulators. The Qualitative Risk Analyst II will also work with the Climate Risk Executive and other members of the Centralized Climate Risk Team in assisting in the development of a governance process for climate risk. ESSENTIAL JOB FUNCTIONS CLIMATE RISK Assist in the development and the administration of the Climate Risk Management Framework to ensure milestones are met for relevant workstreams. Work with internal analytics and credit risk teams in the efforts to incorporate climate risk metrics at the transaction-level into dashboard and stakeholder presentations; and the establishment, utilization and maintenance of internal climate benchmarks to inform any adjustments to existing climate targets, tolerances, and thresholds to guide business activity towards targets using knowledge of relevant third-party data and portfolio alignment methods. Advises on external data vendors, assisting with counterparty data, and reporting tools. Support the sourcing of data required to fulfill climate risk related activities under the climate risk reporting framework. Research and identify best practices for reporting and staying abreast of