KeyCorp announced that Maria Teresa Tejada, a credit risk professional with 20 years of experience in financial services, will join the company as its chief credit officer effective August 12, 2013.

Tejada will be responsible for the leadership and direction of KeyCorp’s credit risk management function. She will work closely with KeyCorp’s executive team and business leaders to continue developing one, proactive view on credit risk across Key. She will report to William Hartmann, KeyCorp’s chief risk officer and will be a member of Key’s executive council.

“We could not be more pleased that Maria Teresa is joining KeyCorp as chief credit officer,” said Hartmann. “Her experience and strong leadership skills will be a tremendous asset to Key. Her background in credit risk management, as well as client advisory roles, makes her an excellent choice for this role.”

Tejada joins Key after more than 16 years with Goldman Sachs in New York and London. Most recently, she served as managing director responsible for risk underwriting in Europe, Middle East and Africa. Prior to that, she was head of rating advisory and bank loan risk management in the region. During her career with Goldman Sachs, she developed substantial knowledge of the financial markets, with a focus on managing credit risk, capital allocation and liquidity funding. During that time, she executed transactions that ranged from investment grade acquisition financings to leveraged buyouts. Tejada started her career at Goldman in high yield research and investment banking.

Previously, Tejada held roles at Smith Barney, Federal Reserve Bank of New York and Society National Bank.