Business Controls Associate - Consumer Direct Lending
Company: Fifth Third Bank, N.A.
Location: Cincinnati
Posted on: August 7, 2022
|
|
Job Description:
Make banking a Fifth Third betterWe connect great people to
great opportunities. Are you ready to take the next step? Discover
a career in banking at Fifth Third Bank. GENERAL FUNCTION:As first
line of defense, conducts analysis related to identifying,
assessing, mitigating, and managing risks necessary to comply with
new or changing laws, regulations, regulatory guidance, and best
practices deemed necessary by key stakeholders (such as Legal,
Compliance, Enterprise Risk and Audit partners). Supports Business
Controls in advancing risk management, structure, processes, and
tools in support of the organizations Enterprise Risk Management
(ERM) framework. Transforms data into business intelligence by
developing and presenting information and insights to stakeholders.
Monitors and manages risks to ensure compliance and validation of
program effectiveness with assigned line of business or functional
area, and Bancorp initiatives.Responsible and accountable for risk
by openly exchanging ideas and opinions, elevating concerns, and
personally following policies and procedures as defined.
Accountable for always doing the right thing for customers and
colleagues, and ensures that actions and behaviors drive a positive
customer experience. While operating within the Banks and LOBs risk
appetites, achieves results by consistently identifying, assessing,
managing, monitoring, and reporting risks of all types.ESSENTIAL
DUTIES AND RESPONSIBILITIES:+ Assists Business Controls leadership
with the development of strategies and the implementation of
controls, policies, and procedures to increase effectiveness and
efficiency related to the respective business or functional area.+
Provides relevant expertise and analysis to stakeholders related to
the identification, assessment, control, monitoring, testing and
reporting of risks.+ Investigates and assists in root cause
analysis in instances of actual or potential operational loss.+
Gathers, analyzes, aggregates, and reports on risk data to develop
solutions to analytical, implementation, and/or execution issues.+
Prepares status reports and presentations to keep all levels of
management and internal partners abreast of key milestones,
alternatives, and potential risks.+ Stays informed of industry best
practices and regulations to ensure compliance with all applicable
laws, standards, and requirements, including, but not limited to,
OCC Heightened Standards.+ Supports the resolution of internal
audit, compliance, or risk management related issues that could
impact the classification, availability, or integrity of data or
processes.+ Highlights control breakdowns, inadequate processes,
and unexpected events and implements corrective actions in
partnership with Business Controls leadership to address process
and control deficiencies.+ Builds effective relationships with
other internal business control groups and the second and third
lines of defense (such as Legal, Compliance, Enterprise Risk, and
Audit).+ Collaborates with groups responsible for ensuring adequate
information barriers are established, and the Banks compliance with
policies and processes are in place in order to control the flow of
certain information.+ Assists with execution of regulatory change
management program to ensure applicable regulatory changes are
identified, assessed against business processes, reported, and
complied with.+ Partners with business managers in implementing
remediation actions per the Bancorp issues management framework and
assists in the coordination of business ownership of processes,
risks, controls, and tests.+ May assist in the coordination for
updates to archive systems (e.g., Open Pages, PPM, etc.).+ May help
to conduct RCSA and facilitate sessions where risks and Controls
are rated.+ May, if applicable, assist in the external change
management for credit bureau working with centralized team and
Business Controls leadership as build out testing.+ Works with LOB
to identify initial set of inherent risks and controls and
identifies applicable governance processes.+ May assist in the
determination of identifying loss events with applicable RCSA
risks/processes and coordinate root cause analysis and action plan
evaluation with LOB.+ Partner with Support Functions or Risk
Experts to identify applicable Enterprise and Risk Appetite
indicators; coordinate with LOB root cause analysis, action plan
development and implementation.+ Collaborate with LOB on threshold
evaluation and proposed changes and enter proposed indicators and
changes in the appropriate tool or system.+ Actively participates
in issue remediation.+ Executes on ERM Scenario Analysis risk
management program.+ Develop and manage product inventory and
execute on ERM product risk review program.+ May have additional
responsibilities as assigned by LOB/Function leadership and Risk,
including but not limited to:+ Assistance with new government
programs or special internal projects.+ Assistance with new risk
programs required by regulatory authorities or ERM.+ Assistance
with diligence, closing, and other matters relating to acquisitions
and strategic investments.MINIMUM KNOWLEDGE, SKILLS AND ABILITIES
REQUIRED:+ Bachelors degree or equivalent experience required
(related field preferred). Masters degree in relevant field
preferred.+ 3-5 years of financial services industry, risk,
business controls or compliance experience preferred.+ Professional
verbal and written communication skills and the ability to
communicate with discretion and understanding when confidentiality
is needed.+ Must be analytical and possess ability to interpret and
apply policies and regulations across a complex business.+ Must
identify opportunities and take action to build trusting strategic
internal and external relationships and networks.+ Must be
approachable, collaborative, and have the ability to influence
others through interpersonal skills, thrive in a fast-paced dynamic
environment, and be comfortable quickly shifting priorities on
short notice.+ Working knowledge of Microsoft Office products
required.+ Ability to work with minimal supervision.+ For
Investment Advisors: FINRA Series 7 and 63/66 licenses preferred.
Knowledge of the Securities industry and SEC / FINRA regulations is
preferred.Business Controls Associate - Consumer Direct
LendingLOCATION -- Cincinnati, Ohio 45227 Fifth Third Bank,
National Association is proud to have an engaged and inclusive
culture and to promote and ensure equal employment opportunity in
all employment decisions regardless of race, color, gender,
national origin, religion, age, disability, sexual orientation,
gender identity, military status, veteran status or any other
legally protected status.
Keywords: Fifth Third Bank, N.A., Cincinnati , Business Controls Associate - Consumer Direct Lending, Other , Cincinnati, Ohio
Click
here to apply!
|