Senior Technology Risk Advisor

Fifth Third Bank • Cincinnati, OH

23h

About The Position

As a first line of defense, the Senior Technology Risk Advisor analyzes risks and supports their identification, assessment, mitigation, management, monitoring, and reporting. The role helps Business Controls advance risk management structures, processes, and tools in support of the Enterprise Risk Management (ERM) framework, and transforms data into business intelligence for stakeholders. It monitors risks and validates program effectiveness across assigned lines of business or functional areas and Bancorp initiatives.

The advisor supports business control leadership with strategies and controls, policies, and procedures; provides risk expertise and analysis; and helps investigate operational losses and resolve audit, compliance, and risk issues. The role works with internal business control groups and the second and third lines of defense, assists with regulatory change management, and supports ERM activities including RCSA sessions, indicators, supplier and outsourcing oversight, scenario analysis, and product risk reviews. The role also partners with business managers on remediation, ownership of processes and controls, and implementation of corrective actions.

The position is based in Cincinnati, Ohio. Fifth Third describes its Total Rewards as including comprehensive benefits and differentiated compensation. The role is eligible to participate in an incentive compensation plan, with payment based on company, line of business, and/or individual performance.

Requirements

• Bachelor’s degree or equivalent experience; a related field is preferred.
• Professional verbal and written communication skills, including the ability to communicate with discretion when confidentiality is needed.
• Analytical ability to interpret and apply policies and regulations across a complex business.
• Ability to proactively identify opportunities and build trusting strategic internal and external relationships and networks.
• Approachable and collaborative, with interpersonal skills to influence others.
• Ability to thrive in a fast-paced, dynamic environment and shift priorities quickly on short notice.
• Working knowledge of Microsoft Office products.
• Ability to work with minimal supervision.

Nice To Haves

• Master’s degree in a relevant field.
• Five or more years of financial services industry, risk, business controls, or compliance experience.

Responsibilities

• Assist business controls leadership with developing strategies and implementing controls, policies, and procedures to improve effectiveness and efficiency.
• Provide stakeholders with expertise and analysis related to identifying, assessing, controlling, monitoring, testing, and reporting risks.
• Investigate and assist with root cause analysis for actual or potential operational losses.
• Gather and integrate information from varied sources, identify trends and relationships, and analyze issues, problems, and opportunities.
• Stay informed about industry best practices and regulations to support compliance with applicable laws, standards, and requirements, including OCC Heightened Standards.
• Support resolution of internal audit, compliance, and risk management issues that could affect the classification, availability, or integrity of data or processes.
• Identify control breakdowns, inadequate processes, and unexpected events, and implement corrective actions with Business Controls leadership.
• Build relationships with internal business control groups and the second and third lines of defense, including Legal, Compliance, Enterprise Risk, and Audit.
• Collaborate on information barriers and processes that control the flow of certain information and support compliance with Bank policies.
• Serve as an analytical and procedural expert to peers on cross-functional processes and project deliverables.
• Assist with regulatory change management by identifying applicable changes, assessing them against business processes, reporting them, and supporting compliance.
• As applicable, assist with external change management for credit bureau work and testing with centralized teams and business control managers.
• Identify operational risks under the ERM framework and ensure adequate internal controls are in place.
• Partner with business managers on remediation under the Bancorp issues management framework and coordinate ownership of processes, risks, controls, and tests.
• Coordinate updates to data in archive systems.
• Conduct facilitated RCSA sessions in which risks and controls are rated.
• Work with Support Functions or Risk Experts to identify Enterprise and Risk Appetite indicators and determine which are designated as key.
• Collaborate with the line of business on threshold evaluations and proposed changes, and enter proposed indicators and changes in the GRC tool.
• As applicable, help identify loss events associated with RCSA risks and processes, coordinate root cause analysis and action plan evaluation, and monitor action plan implementation.
• Oversee the line of business Supplier/Outsourcing strategy and review and challenge outsourcing business cases.
• Participate in escalated issues affecting line-of-business processes involving suppliers, where applicable.
• Work with the line of business to identify initial inherent risks and controls, identify governance processes, and, where appropriate, complete control implementation.
• Actively participate in issue remediation.
• Execute the ERM Scenario Analysis risk management program.
• Develop and manage product inventory and execute the ERM product risk review program.
• Assist with new government programs, internal projects, regulatory or ERM risk programs, and matters relating to acquisitions and strategic investments, as assigned.

Benefits

• Comprehensive benefits programs designed to support employees’ and families’ physical, financial, emotional, and social well-being.
• Eligible to participate in an incentive compensation plan based on company, line-of-business, and/or individual performance.

What This Job Offers

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