ERM Analyst

Fifth Third Bank, National Association; Ohio; On-site; USD 75,000 - 95,000; Full time

Job summary

Fifth Third Bank, National Association in Cincinnati, OH, is seeking an ERM Analyst to contribute to risk governance frameworks, RAAM, and ERM activities across the enterprise. You will support committees, charter updates, and governance standards for assigned areas of responsibility.

You will analyze regulatory expectations, assist with risk program reporting, coordinate with 2LOD and other stakeholders, and identify opportunities to improve efficiency and accuracy of risk assessments while

Qualifications

• Bachelor’s degree in related field or equivalent experience.
• 3 years of experience; banking experience preferred.
• Understanding of the Bank’s approach to operational risk.
• Strong verbal and written communication with discretion.
• Ability to interpret and apply policies/regulations across complex businesses.
• General understanding of banking regulations.
• Ability to work under shifting priorities and tight deadlines.
• Working knowledge of Microsoft Office products.

Responsibilities

• Contribute to design, execution and improvement of risk governance frameworks including committees, charters and governance standards.
• Understand regulatory expectations and internal policies and identify misalignments as activities/regulations evolve.
• Review risk governance trends and benchmark practices; propose enhancements.
• Understand ERMF, RAAM and its applicability across the enterprise.
• Support development of risk committee reporting for assigned areas.
• Ensure timely, quality risk committee materials and proper escalation within the governance structure.
• Coordinate updates to committee charters and the Enterprise Framework as needed.
• Assist with quarterly risk assessments and quality reviews; engage 2LOD for oversight and credible challenge.
• Identify opportunities for automation to increase efficiency and quality of deliverables.

Skills

Risk governance

Regulatory knowledge

RAAM methodology

ERMF familiarity

RCSA/BCRA/KRI

Communication skills

Analytical thinking

Microsoft Office

Education

Bachelor's degree or equivalent experience

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.

• Job Summary:
• 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 committeereporting 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.

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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.