What are the responsibilities and job description for the Senior ERM Analyst position at Fifth Third Bank?
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GENERAL FUNCTION :
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.
ESSENTIAL DUTIES AND RESPONSIBILITIES :
- Understands 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. Strong visibility with senior management.
- Engages 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.
- Partners with second line of defense risk category experts in vetting process and initial impact Assessment of identified Regulatory changes.
- Provides 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.
- May participate in or lead program councils (e.g. BCRA Council).
- Reviews operational trends for assigned areas and Reviews escalated items.
- Provides oversight and credible challenge to operational loss root cause analysis and action plans.
- Provides oversight and Monitoring of loss event aggregation and reporting.
- Performs and May Direct periodic Reviews of LOB procedures and Provides guidance for new processes.
- Validates identified risks and Controls and Escalates gaps for discussion.
- Manages consistent RCSA usage and output per the RCSA policy / standards / procedures. Escalates items for challenge while engaged in oversight of RCSA activities (i.e. risk ratings).
- Identifies linkage requirements between Coverage Program elements and RCSA / risk inventory.
- Coordinates across risk category experts as needed.
- Clearly documents risk challenge and point of view for senior leadership.
SUPERVISORY RESPONSIBILITIES :
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.
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED :
LI-GM1
Senior ERM Analyst
LOCATION Cincinnati, Ohio 45202
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.
