Senior Risk Advisory Consultant

Fifth Third Bank, N.A.; Tampa (FL); On-site; USD 122,000 - 262,000; Full time

Job summary

Fifth Third Bank, National Association is seeking a Senior Risk Advisory Consultant to deliver advanced insurance and risk-management advice as part of holistic wealth planning. You will partner with Wealth Advisors to identify client risks, evaluate coverage, design strategies and coordinate implementation across designated regions.

The role requires eight+ years in insurance planning or wealth planning, licenses for Life/Health/LT Care, and the ability to lead complex cases while mentoring

Qualifications

• Bachelor’s degree or equivalent combination of education and experience.
• Appropriate state insurance licenses for Life, Health and Long-Term Care, as required under Fifth Third licensing guidelines.
• Eight or more years of insurance planning, advanced case design, wealth planning or related financial-services experience.
• Demonstrated experience advising high-net-worth clients and collaborating with relationship managers, planners or external professional advisors.

Responsibilities

• Lead structured risk assessments for new and existing wealth strategies, identify protection and liquidity gaps, and document findings and recommended next steps.
• Develop insurance strategies that complement estate planning, wealth transfer, business succession, executive benefits, charitable objectives and broader client financial goals.
• Explain complex insurance concepts, tradeoffs and implementation considerations to clients and their external advisors in a clear, balanced and understandable manner.
• Work alongside Wealth Advisors, Wealth Strategists, fiduciary professionals and other SCAS specialists from discovery through recommendation and implementation.
• Lead complex cases, including data gathering, financial and policy analysis, illustration review, carrier engagement, underwriting coordination, application strategy and policy delivery.
• Evaluate existing life, disability, long-term care and annuity arrangements for alignment with current objectives, ownership structures, funding assumptions and service needs.
• Develop proactive relationships across assigned regions, participate in opportunity and planning discussions, and help advisors identify situations requiring Risk Advisory involvement.
• Maintain complete documentation, follow applicable policies and procedures, elevate exceptions and concerns, and support appropriate review of recommendations and transactions.
• Contribute to assessment questions, planning standards, advisor education, templates and process improvements that scale the Risk Advisory model.
• Provide technical guidance and case support to the Risk Advisory Associate and less-experienced partners while escalating the most complex matters to the Director.
• Performing other duties as assigned, adapting to new tasks or shifts in priorities as necessary to support your team's and the company's mission.

Skills

Advanced risk assessment

Holistic solution design

Client advisory

Wealth team partnership

Case leadership

Existing policy review

Regional engagement

Quality and risk management

Practice development

Mentorship

Education

Bachelor’s degree

Insurance licenses (Life, Health, LT Care)

Job description

Cincinnati, OH

Tampa, FL

Detroit, MI

Indianapolis, IN

Dallas, TX

Chicago, IL

Houston, TX

Orlando, FL

Newport Beach, CA

Atlanta, GA

Naples, FL

Charlotte, NC

Full time

R74034

ABOUT THE ROLE:

The Senior Risk Advisory Consultant is a senior individual contributor who delivers advanced insurance and risk-management advice as part of the holistic wealth planning process. Aligned to designated regions, the role partners closely with Wealth Advisors and Wealth Strategists to identify client risks, evaluate existing coverage, design appropriate strategies and coordinate implementation. The Senior Consultant serves as a subject-matter expert for complex high-net-worth and ultra-high-net-worth client needs, leads client and advisor discussions, and helps strengthen consistent Risk Advisory practices across SCAS.

Please see below for specific responsibilities and requirements for this role.

YOUR RESPONSIBILITIES:

The responsibilities for this role are below; you may support projects of varying complexity based on skill and organizational priorities.

• Advanced Risk Assessment: Lead structured risk assessments for new and existing wealth strategies, identify protection and liquidity gaps, and document findings and recommended next steps.
• Holistic Solution Design: Develop insurance strategies that complement estate planning, wealth transfer, business succession, executive benefits, charitable objectives and broader client financial goals.
• Client Advisory: Explain complex insurance concepts, tradeoffs and implementation considerations to clients and their external advisors in a clear, balanced and understandable manner.
• Wealth Team Partnership: Work alongside Wealth Advisors, Wealth Strategists, fiduciary professionals and other SCAS specialists from discovery through recommendation and implementation.
• Case Leadership: Lead complex cases, including data gathering, financial and policy analysis, illustration review, carrier engagement, underwriting coordination, application strategy and policy delivery.
• Existing Policy Review: Evaluate existing life, disability, long-term care and annuity arrangements for alignment with current objectives, ownership structures, funding assumptions and service needs.
• Regional Engagement: Develop proactive relationships across assigned regions, participate in opportunity and planning discussions, and help advisors identify situations requiring Risk Advisory involvement.
• Quality and Risk Management: Maintain complete documentation, follow applicable policies and procedures, elevate exceptions and concerns, and support appropriate review of recommendations and transactions.
• Practice Development: Contribute to assessment questions, planning standards, advisor education, templates and process improvements that scale the Risk Advisory model.
• Mentorship: Provide technical guidance and case support to the Risk Advisory Associate and less-experienced partners while escalating the most complex matters to the Director.
• Other Duties: Performing other duties as assigned, adapting to new tasks or shifts in priorities as necessary to support your team's and the company's mission.

MINIMUM REQUIREMENTS:

• Bachelor’s degree or equivalent combination of education and experience.
• Appropriate state insurance licenses for Life, Health and Long-Term Care, as required under Fifth Third licensing guidelines.
• Eight or more years of insurance planning, advanced case design, wealth planning or related financial-services experience.
• Demonstrated experience advising high-net-worth clients and collaborating with relationship managers, planners or external professional advisors.

REQUIRED SKILLS:

Qualified candidates will possess an advanced degree of proficiency, typically developed through eight or more years of relevant experience, in:

• Insurance and Risk Analysis: Assessing life, disability, long-term care and annuity needs and evaluating existing and proposed solutions.
• Complex Planning: Applying insurance concepts within estate, tax, liquidity, business-owner and wealth-transfer planning.
• Consultative Communication: Leading discovery and recommendation discussions and presenting complex concepts clearly.
• Case Design and Execution: Managing sophisticated cases from assessment through underwriting, implementation and delivery.
• Collaboration and Judgment: Working effectively across a multidisciplinary team and exercising sound judgment in ambiguous client situations.

Please refer to the “Skills for Success” section to learn how to stand out as an applicant.

SKILLS FOR SUCCESS:

Qualified candidates will possess an advanced degree of proficiency across a suite of skills including, but not limited to:

• Professional Designations: CLU, ChFC, CFP or progress toward a comparable advanced designation.
• Fiduciary Mindset: Approaching insurance as one element of a client’s overall plan and prioritizing documented client needs and outcomes.
• Advisor Enablement: Helping Wealth Advisors and Wealth Strategists identify needs and confidently position Risk Advisory.
• Regional Relationship Management: Building productive partnerships across multiple markets while managing competing case priorities.
• Coaching and Knowledge Sharing: Reviewing work, sharing expertise and supporting development of junior team members.

DOING THE RIGHT THING:

Our employees take pride in doing the right thing for customers and colleagues as well as being accountable for risk by openly exchanging ideas and opinions, elevating concerns, and following policies and procedures that protect all our valuable assets, including you.

Senior Risk Advisory Consultant

Total Base Pay Range 121,900.00 - 262,100.00 USD Annual

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.

Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust.