Senior Credit Officer, Payments

Key Responsibilities

• Review, analyze, and adjudicate complex credit requests for Payments-Only relationships, with a primary focus on higher-risk profiles and large exposures (over $10 million).
• Conduct in-depth risk assessments, including evaluation of financial statements, payment flows, transaction structures, and overall counterparty risk.
• Participate in overall portfolio monitoring, including quarterly risk assessments, asset quality reviews.
• Demonstrate a deep understanding of risk rating models.
• Ensure accurate and timely risk rating of assigned portfolio.
• Collaborate with product, relationship management, and risk teams to ensure credit decisions support business growth while maintaining prudent risk standards.
• Monitor approved credit exposures, proactively identifying and escalating potential issues or deteriorating credit quality.
• Participate in Asset Quality Review (AQR) process with clients who have adverse risk ratings.
• Provide regular coverage of ACH exceedance approvals, will include some evening “on call” hours.
• Stay current with industry trends, regulatory developments, and best practices related to payments products and credit risk management.
• Advocate a positive risk culture amongst credit and underwriting staff and foster a sense of urgency in support of the Bank’s focus on client centricity.
• Periodic project assignments related to the constantly changing risk management environments.

Qualifications

• Bachelor’s degree in Finance, Accounting, Business, or a related field; Minimum of 5 years’ experience in commercial credit underwriting, credit approval or other risk area, with a background in payments or transaction banking products preferred.
• Demonstrated experience in evaluating or adjudicating high-value and higher-risk credit exposures.
• Excellent analytical, communication, and decision-making skills.
• Strong understanding of regulatory requirements and industry best practices in payments and credit risk.

Location

Albany, NY; Cleveland, OH; Buffalo, NY; Hybrid (minimum 3 days per week in office, may be subject to change).

Compensation And Benefits

This position is eligible to earn a base salary in the range of $96,000.00 - $181,000.00 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

08/23/2026

About the Role

The Senior Credit Officer for Payments Products is a key member of the risk management team, responsible for adjudicating credit requests for Payments-Only client relationships. This role focuses on evaluating and approving higher-risk credit exposures, specifically those that are considered higher risk and / or exceed $10 million in exposure. SCOs are required to support profitable revenue growth while maintaining portfolio asset quality within Key's moderate credit risk appetite. They must execute against the defined credit process; ensuring consistency with Credit Policy and established underwriting guidelines.

Skills

Deep understanding of risk rating models, regulatory requirements, and industry best practices in payments and credit risk.

Benefits

Not specified

Pay

Base salary in the range of $96,000.00 - $181,000.00 annually. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location.

Schedule

Hybrid (minimum 3 days per week in office, may be subject to change).