Senior Risk Advisory Consultant

Fifth Third Bank • Cincinnati, OH

1d

About The Position

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 with Wealth Advisors and Wealth Strategists to identify client risks, evaluate existing coverage, design strategies and coordinate implementation. The 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.

The role leads structured risk assessments; develops insurance strategies that complement estate planning, wealth transfer, business succession, executive benefits, charitable objectives and broader financial goals; and explains complex insurance concepts to clients and external advisors. It leads complex cases from data gathering and policy analysis through carrier engagement, underwriting coordination, application strategy and policy delivery. The consultant also reviews existing policies, builds regional relationships, maintains documentation and supports quality and risk management, contributes to practice development, and provides technical guidance to less-experienced colleagues. Other duties may be assigned as needed.

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.
• Proficiency in assessing life, disability, long-term care and annuity needs and evaluating existing and proposed solutions.
• Proficiency applying insurance concepts within estate, tax, liquidity, business-owner and wealth-transfer planning.
• Ability to lead discovery and recommendation discussions and clearly present complex concepts.
• Experience managing sophisticated cases from assessment through underwriting, implementation and delivery.
• Ability to collaborate effectively across multidisciplinary teams and exercise sound judgment in ambiguous client situations.

Nice To Haves

• CLU, ChFC, CFP or progress toward a comparable advanced designation.
• A fiduciary mindset that treats insurance as one element of a client’s overall plan and prioritizes documented client needs and outcomes.
• Ability to help Wealth Advisors and Wealth Strategists identify needs and confidently position Risk Advisory.
• Ability to build productive partnerships across multiple markets while managing competing case priorities.
• Ability to review work, share expertise and support the development of junior team members.

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 clearly to clients and their external advisors.
• Partner with 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 objectives, ownership structures, funding assumptions and service needs.
• Build 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, escalating the most complex matters to the Director.
• Perform other duties as assigned and adapt to new tasks or changing priorities.

Benefits

• Comprehensive benefits designed to support employees and their families, including physical, financial, emotional and social well-being.
• Incentive compensation plan, with payments based on company, line of business and/or individual performance.

What This Job Offers

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