Senior ERM Analyst

Fifth Third Bank • Cincinnati, OH

7d • Onsite

About The Position

Drive the effective implementation of the Enterprise Risk Management (ERM) Framework for assigned divisions/functions by providing oversight and credible challenge to the LOB/functions to ensure that enterprise risk management programs are implemented in a manner that is consistent with the Bank's Risk Management Framework and adds value to the business/function in managing their risks. 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 related field or equivalent experience.
• 5 years of experience, banking experience preferred.
• Broad knowledge of banking products, services and operations.
• 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 influence at all levels of management.
• 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 working 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.

Responsibilities

• Understand all operational risk Program elements (i.e. RCSA, BCRA, KRI, etc) methodology, governance, standards and procedures, including templates and overall framework.
• Provide guidance and Training to the line of business or functional groups on effective implementation of the Enterprise risk management framework.
• Assist line of business in developing and maintaining risk management procedures in accordance with Program standards.
• Engage with LOB and 2nd LOD category experts on LOB or process specific risk assessments and provides independent oversight and credible challenge on risk tolerance and/or BCRA/RAD requirement decisions made by the 1st LOD.
• Partner with second line of defense risk category experts in vetting process and initial impact Assessment of identified Regulatory changes.
• Provide oversight as 1st LOD completes their impact assessment and determination of changes needed and Risk Rating of the change.
• Provide challenge of noted risk rating as needed.
• Provide guidance to line managers in identifying and Monitoring Key risk indicators that represent early indicators of Key drivers of risk for the area.
• Coordinate the Development of risk dashboards, combining information tracked at the Enterprise level such as Key risk indicators, with information on top and emerging risks obtained through discussion with the line managers.
• Participate in or lead program councils (e.g. BCRA Council).
• Review operational trends for assigned areas and Reviews escalated items.
• Provide oversight and credible challenge to operational loss root cause analysis and action plans.
• Provide oversight and Monitoring of loss event aggregation and reporting.
• Perform and May Direct periodic Reviews of LOB procedures and Provides guidance for new processes.
• Validate identified risks and Controls and Escalate gaps for discussion.
• Manage consistent RCSA usage and output per the RCSA policy/standards/procedures.
• Escalate items for challenge while engaged in oversight of RCSA activities (i.e. risk ratings).
• Identify linkage requirements between Coverage Program elements and RCSA/risk inventory.
• Coordinate across risk category experts as needed.
• Clearly document risk challenge and point of view for senior leadership.
• Responsible for providing employees timely, candid and constructive performance feedback; developing employees to their fullest potential and provide challenging opportunities that enhance employee career growth; developing the appropriate talent pool to ensure adequate bench strength and succession planning; recognizing and rewarding employees for accomplishments.

Benefits

• Comprehensive benefits
• Differentiated compensation offerings
• Incentive compensation plan
• Extensive benefits programs designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior