Senior Credit Risk Review Manager I-Virtual

Fifth Third Bank; United States; Remote; USD 120,000 - 180,000; Full time

Job summary

Fifth Third Bank in the United States seeks an experienced CRR leader to drive the Continuous Review program for assigned teams and lines of business.

You will evaluate credit risk management, present findings to executives, regulators, and audit, and guide risk-based plans and remediation across portfolios. The role requires deep knowledge of lending practices, regulatory expectations, and strong collaboration with first and second line leadership.

Responsibilities

• Display an advanced background, understanding and technical proficiency in all pertinent lending and credit risk topics, including risk appetite and framework, Bank policies and procedures, and risk monitoring and mitigation practices for assigned areas of responsibility.
• Maintain awareness of general economic conditions, industry trends and product specific issues. Display an advanced working knowledge of pertinent regulatory issues and sound lending practices and their relative impact on credit risk. Assist CRR management team in ensuring CRR meets regulatory heightened standards expectations.
• Demonstrate the ability to analyze and assess credit risk in highly complex Commercial borrowers and portfolios and adequately support all conclusions.
• In conjunction with CRR leadership team, establish key annual goals and risk-based business plans for assigned areas of responsibility and update as necessary throughout the year. Identify, elevate and promptly address variances to plan. Assist in ensuring CRR procedures remain current and correctly reflect actual/desired practices.
• Complete or ensure the completion of all aspects of required continuous review activities for assigned Commercial portfolios with minimal supervision and in accordance with CRR procedures, deadlines and performance/financial plan objectives. Manage, lead and/or participate in horizontal, targeted and other portfolio review activities.
• Present CRR activities and results (as required) at regular meetings with executive management, senior leaders, regulators, external auditors and first and second line business personnel. Complete or assist in the preparation and dissemination of all related and required quarterly/ annual summaries of results in an accurate and timely manner, including an annual assessment of credit risk and the overall quality of assigned portfolios.
• Demonstrate a comprehensive understanding of key line of business strategies, risk considerations, portfolio quality trends and open issues and observations for assigned portfolios, while maintaining current and forward-looking views on aggregate portfolio risk levels. Attend applicable Committee, portfolio review, problem asset review and business controls meetings, and hold routine informational meetings with first and second line senior business leaders and personnel to gain and share perspectives on these matters.
• Effectively challenge and provide consultative advice to first and second line senior business leaders and personnel on risk ratings, credit risk management practices, emerging risks, borrower/portfolio credit quality trends, strategies, policies, organization design and/or staffing levels and expertise.
• Work in a balanced and consultative manner with the first and second lines of defense to develop positive working relationships and to provide feedback on the results of continuous review activities. Ensure the timely socialization and publication of concise and well-written reports that summarize review results, meet the information needs of report recipients, and include issues, observations and recommendations for improvement (as appropriate).
• Manage a system of accountability for open CRR issues, observations and recommendations under assigned areas of responsibility. Solicit appropriate action pl

Job description

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GENERAL FUNCTION:

Individual is responsible for managing the development, execution and leadership of the Credit Risk Review (CRR) Continuous Review program for assigned CRR team and/or line of business units. Primary components of the CRR Continuous Review program include (i) the critical and independent evaluation of the accuracy and effectiveness of credit risk management processes across the Bancorp through an assessment of risk identification/rating, underwriting, new origination, borrower selection and portfolio management practices; compliance with Bancorp loan policies, procedures and applicable laws and regulations; problem asset administration and loan impairments/charge-offs; (ii) a review of credit quality and related trends on a portfolio, industry sector and/or product basis; and (iii) the identification of emerging risks. Attend (as required) regular meetings with executive management, senior leaders, regulators, external auditors and first and second line business personnel.

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ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Display an advanced background, understanding and technical proficiency in all pertinent lending and credit risk topics, including risk appetite and framework, Bank policies and procedures, and risk monitoring and mitigation practices for assigned areas of responsibility.
• Maintain awareness of general economic conditions, industry trends and product specific issues. Display an advanced working knowledge of pertinent regulatory issues and sound lending practices and their relative impact on credit risk. Assist CRR management team in ensuring CRR meets regulatory heightened standards expectations.
• Demonstrate the ability to analyze and assess credit risk in highly complex Commercial borrowers and portfolios and adequately support all conclusions.
• In conjunction with CRR leadership team, establish key annual goals and risk-based business plans for assigned areas of responsibility and update as necessary throughout the year. Identify, elevate and promptly address variances to plan. Assist in ensuring CRR procedures remain current and correctly reflect actual/desired practices.
• Complete or ensure the completion of all aspects of required continuous review activities for assigned Commercial portfolios with minimal supervision and in accordance with CRR procedures, deadlines and performance/financial plan objectives. Manage, lead and/or participate in horizontal, targeted and other portfolio review activities.
• Present CRR activities and results (as required) at regular meetings with executive management, senior leaders, regulators, external auditors and first and second line business personnel. Complete or assist in the preparation and dissemination of all related and required quarterly/ annual summaries of results in an accurate and timely manner, including an annual assessment of credit risk and the overall quality of assigned portfolios.
• Demonstrate a comprehensive understanding of key line of business strategies, risk considerations, portfolio quality trends and open issues and observations for assigned portfolios, while maintaining current and forward-looking views on aggregate portfolio risk levels. Attend applicable Committee, portfolio review, problem asset review and business controls meetings, and hold routine informational meetings with first and second line senior business leaders and personnel to gain and share perspectives on these matters.
• Effectively challenge and provide consultative advice to first and second line senior business leaders and personnel on risk ratings, credit risk management practices, emerging risks, borrower/portfolio credit quality trends, strategies, policies, organization design and/or staffing levels and expertise.
• Work in a balanced and consultative manner with the first and second lines of defense to develop positive working relationships and to provide feedback on the results of continuous review activities. Ensure the timely socialization and publication of concise and well-written reports that summarize review results, meet the information needs of report recipients, and include issues, observations and recommendations for improvement (as appropriate).
• Manage a system of accountability for open CRR issues, observations and recommendations under assigned areas of responsibility. Solicit appropriate action pl