Internal Audit Manager - Commercial Lending

Location:

Position Overview

The Internal Audit Manager is responsible for leading risk-based internal audit activities across the Commercial Lending Lifecycle and related credit risk functions. This role partners closely with business leadership, Risk Management, Compliance, and Internal Audit leadership to evaluate governance, risk management, and control processes that support the safe and sound operation of the Bank.

The Internal Audit Manager is accountable for leading a team of direct reports in planning, executing and reporting on complex audit engagements while ensuring compliance with Internal Audit standards and professional practices. The position provides leadership to audit staff, contributes to annual risk assessment and audit planning activities, and serves as a trusted advisor on regulatory, operational, and strategic risks affecting commercial lending activities. Responsibilities align with Internal Audit expectations surrounding audit planning, resource assessment, workpaper review, testing quality, findings management, and stakeholder engagement.

Job Requirements

Audit Execution and Leadership

• Lead and oversee complex risk-based audit engagements from planning through reporting.

• Review audit workpapers, testing results, observations, and reports to ensure quality and adherence to Internal Audit standards.

• Evaluate the design and operating effectiveness of controls and remediation activities.

• Ensure audit conclusions are supported by sufficient documentation and evidence.

• Manage findings development, validation, and reporting activities.

Commercial Lending Subject Matter Leadership

Provide audit oversight of commercial lending activities including:

• Commercial & Industrial Underwriting and Portfolio Monitoring

• Commercial Real Estate Underwriting and Portfolio Monitoring

• Specialty Lending Underwriting and Portfolio Monitoring

• Commercial Loan Booking and Servicing Operations

• Credit Risk Management, Policy and Governance

• Problem Loan Management

Risk Assessment and Audit Planning

• Lead risk intelligence activities for a portfolio of Auditable Entities.

• Participate in enterprise and domain-level risk assessments.

• Assist in annual audit planning and capacity planning activities.

• Identify emerging risks, regulatory developments, and industry trends that could impact audit coverage.

• Coordinate with business and risk partners regarding organizational and regulatory changes impacting the risk universe.

Talent Development and Team Leadership

• Supervise, coach, and develop audit professionals.

• Provide ongoing performance feedback and mentoring.

• Assist in interview, hiring, onboarding, and talent development activities.

• Identify knowledge and skill gaps and partner with Internal Audit leadership to address development needs.

• Promote a culture of continuous improvement, collaboration, and accountability.

• Advance Continuous Improvement Initiatives and identify new areas to improve processes and coverage strategies.

Stakeholder Management

• Develop effective working relationships with business leaders, risk partners, compliance professionals, regulators, and external auditors.

• Communicate audit conclusions, risk themes, and recommendations to varying levels of management.

• Provide credible challenge while maintaining constructive partnerships across the organization.

• Support executive reporting and other governance-related activities.

Qualifications

• Bachelor's Degree in Accounting, Finance, Business, Economics or related field.

• Minimum 10 years of audit, risk management, credit risk, banking, regulatory, or related experience.

• Demonstrated experience leading complex projects and managing staff.

• Strong knowledge of risk-based auditing methodologies.

• Excellent written and verbal communication skills.

• Strong analytical, problem-solving, and organizational capabilities.

Relevant Certifications

• RMA Credit Risk Certification (CRC)

• Certified Internal Auditor (CIA)

• Certified Public Accountant (CPA)

Code of Conduct

• 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.

This position is NOT eligible for employment visa sponsorship for non-U.S. citizens.

COMPENSATION AND BENEFITS

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.

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.