ERM Analyst

Fifth Third Bank; Cincinnati (OH); On-site; USD 70,000 - 90,000; Full time

Job summary

Fifth Third Bank in Cincinnati, Ohio is seeking an ERM Analyst to support risk governance, contribute to RAAM/ERMF processes, and provide credible challenge across first and second lines. You will analyze data, prepare risk committee materials, and help automate risk reporting while collaborating with Legal, Internal Audit, and 2LOD to strengthen governance.

The role requires solid analytical thinking, strong communication, and the ability to adapt to regulatory changes in a dynamic banking

Qualifications

• Bachelor's degree or equivalent experience.
• 3 years of banking experience preferred.
• Understanding of risk management and regulatory expectations in banking.
• Strong written and verbal communication; discretion with confidential information.
• Analytical, curious, and able to apply policies/regulations.
• General understanding of banking regulations.

Responsibilities

• Design and improve risk governance frameworks and committee structures.
• Review regulatory expectations and internal policies for alignment.
• Benchmark practices against industry trends and RAAM/ERMF applicability.
• Support RAAM, ERMF, and risk programs (RCSA, BCRA, KRI).
• Prepare risk committee materials and escalate material risks.
• Identify automation and efficiency improvements.
• Coordinate with Corporate Secretary, Internal Audit, and 2LOD.

Skills

Analytical thinking

Strong communication

Discretion and confidentiality

Policy interpretation

Critical thinking

Independent

Microsoft Office

Education

Bachelor's degree or equivalent experience

Tools

Microsoft Office

Job description

Make banking a Fifth Third better® We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.

This position is responsible for supporting the Risk Governance team in effective risk oversight, ensuring adherence to regulatory expectations, and enabling clear, consistent risk deliverables that may be used in reporting to senior management and the Board of Directors. The role partners with various risk disciplines (Operational, Compliance, Credit, etc.) as well as Legal, Internal Audit, and business lines to promote strong risk culture, effective challenge, and disciplined governance practices across the organization.

General Function Support the establishment and execution of risk governance activities across the enterprise consistent with regulatory guidance and industry best practices that adds value to the business/function in managing risk. Review and analyze internal and external data, reports, and other information to support the team in providing effective oversight and credible challenge of both first and second line functions to ensure risk practices are effectively implemented in adherence with stated expectations.

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 Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Contribute to the design, execution, and continuous improvement of risk governance frameworks as applicable, including committee structures, charters, and governance standards for assigned areas of responsibility.
• Understand regulatory expectations and internal policies and identify areas existing practices may not align, especially as activities and regulations evolve and shift over time.
• Review risk governance industry trends and best practices; benchmark Bank practices to ensure alignment and propose enhancements for improvement.
• Understand the Enterprise Risk Management Framework (“ERMF”) and Risk Aggregation and Assessment Methodology (“RAAM”) and its applicability across the enterprise, inclusive of how RAAM functions within the GRC and Business Intelligence Tool.
• Understand risk programs (i.e. RCSA, BCRA, KRI, etc) including high-level methodology, governance, and their impact on the RAAM process.
• Be a resource for constituents on key aspects of the ERMF and RAAM and how risk programs fit into the RAAM.
• Assist with the development of relevant risk management committee reporting for assigned areas of responsibility.
• Ensure timely and quality risk committee materials; including alignment and escalation utilizing the risk committee structure as designed.
• Maintain the risk committee structure and facilitate and coordinate updates to committee charters and the Framework (as needed) and committee attendance records.
• Support the execution of quarterly risk assessments and/or quality reviews and assist in actions to remediate issues, engage with LOB and 2nd line of defense (2LOD) to provide oversight and credible challenge on adherence to ERMF and RAAM programs, including appropriate risk assessment outcomes and escalation of material risks. Contribute to and participate in program councils (e.g. ERM Governance Council).
• Continuously identify opportunities for improvement, including automation and other enhancements to increase efficiency and quality of work products and deliverables.
• Partner with various departments including Office of the Corporate Secretary, Business Controls, 2LOD, Internal Audit, and others as necessary.
• SUPERVISORY RESPONSIBILITIES: None.
• MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED
• Bachelor's degree in related field or equivalent experience.
• 3 years of experience, banking experience preferred.
• A clear understanding of the Bank's approach to the management of operational risk, or equivalent experience gained in other organizations.
• Professional verbal and written communication skills and the Ability to Communicate with discretion and understanding when confidentiality is needed.
• Must demonstrate intellectual curiosity, be analytical and possess the ability to interpret and apply policies and regulations across a complex business(es).
• Must have a general understanding of banking regulations.
• Must be results and goal oriented, Possess sound judgment and Ability to apply logical/critical thought processes when approaching work or making recommendations for solutions.
• Ability to work in a dynamic work environment that requires multiple demands, shifting priorities, and rapid change.
• Must be able to maintain independence and objectivity in all aspects of position.
• Working knowledge of Microsoft Office products. Demonstrated Ability to learn applications and internal banking systems.

Position Title: ERM Analyst

At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.

LOCATION -- Cincinnati, Ohio 45202

Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes – no matter how they are submitted – will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.

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.