Credit Risk Review Manager II

Fifth Third Bank

2d•Remote

About The Position

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. GENERAL FUNCTION: Individual is responsible for managing the development and execution of the Credit Risk Review (CRR) Continuous Review program for assigned Commercial or Consumer line of business unit(s). 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 first and second line senior business leaders and personnel, regulators and external auditors. 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.

Requirements

Bachelor's degree in a business related field.
Minimum of 10 years lending and/or credit related experience.
Possess sound leadership, interpersonal, analytical and verbal/written communications skills.
Ability to display a positive business presence and exercise sound judgment when interfacing with first and second line senior business leaders and personnel, regulators, external auditors and peers.
Solid project management and presentation skills.
Demonstrate effective influencing and negotiation skills.
Advanced ability to understand and interpret data from various applications and database tools, draw high-level conclusions and determine actions needed (Consumer roles).
Proficient in MS-Word, MS-Excel, MS-PowerPoint and other related PC applications.

Nice To Haves

Graduate degree in relevant field (Business, Finance or Economics) preferred.
Credit Risk Review or similar loan review or regulatory agency experience preferred.
Experience in Access, Business Objects and SAS desirable (Consumer roles).

Responsibilities

Display an advanced understanding and technical proficiency in all pertinent lending and credit risk topics, 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 complex Commercial or Consumer borrowers and portfolios and adequately support all conclusions.
In conjunction with CRR leadership team, establish 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 all aspects of required continuous review activities for assigned portfolios with minimal supervision and in accordance with CRR procedures, deadlines and performance/financial plan objectives.
Serve as project manager and/or participate in horizontal, targeted and other portfolio review activities.
Act as a resource and aid in the development of more junior CRR team members.
Present CRR activities and results (as required) at regular meetings with first and second line senior business leaders and personnel, regulators and external auditors.
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 for assigned portfolios.
Demonstrate an 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 portfolio and 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 and/or business strategies.
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 open CRR issues, observations and recommendations under assigned areas of responsibility.
Solicit appropriate action plans and responses from responsible management that address root causes, resolve CRR’s concerns and mitigate the overall risk to the Bancorp.
Assist CRR management team in promptly resolving any matters requiring attention (MRAs) or issues assigned to CRR with sustainable improvements to business practices.
For Commercial roles, manage and execute work processes that review the accuracy of assigned risk ratings (i.e. regulatory, probability of default and loss given default ratings) and accrual status utilizing knowledge of Bancorp policies, risk rating models and definitions.
Effectively convey rating changes to first and second line senior business leaders and personnel and promptly escalate any unresolved disagreements to their manager.
Complete quality assurance review activities (i.e. active engagement in effective challenge meetings, secondary reviews of work papers and supporting review process documents, etc.) and assist in sustaining a strong CRR quality assurance program to ensure the consistency and accuracy of CRR work products and review results.
Use quality assurance results constructively for personal development and to make recommendations for program enhancements.
Assist in driving a continuous improvement approach to process management within CRR, including making appropriate recommendations for change, in order to gain efficiencies and ensure the effectiveness, consistency and relevance of CRR processes.
Share review findings and emerging risks with Internal Audit and other Risk functions and coordinate to ensure appropriate coverages and independent oversight of credit risk management processes across the Bancorp.
Participate in due-diligence reviews of potential Bank acquisitions and other special projects as requested.
Assist in recruiting qualified candidates to fill open positions in CRR.