Job description
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.
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:
Fifth Third Bank’s Regulatory Reporting Quality Assurance department is responsible for performing independent and objective review and challenge of the Bank’s Regulatory Reporting processes. The Quality Assurance department’s scope and activities are focused on Fifth Third’s Regulatory Reporting function and other departments/teams who are responsible for or contribute to a regulatory reporting filing.
The Regulatory Reporting Quality Assurance program includes the following key components:
- Review of Foundational Standards, Governance and Oversight
- Risk assessment
- Plan and scope of report review coverage
- End to end transaction testing
- Review Issue Management identification, tracking and remediation
- Continuous monitoring of the Regulatory Reporting process
- Review the cross-report quality control process
Responsibilities include developing and executing planning, testing, reporting and wrap-up activities on each quality assurance review of highly complex regulatory reports in accordance with established standards. Individuals in this role typically work as an individual contributor, often in a team environment, in the given engagements.
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 ensure 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.
DUTIES & RESPONSIBILITIES
- Ensure execution of all quality assurance review activities in the planning, testing, reporting and wrap up phases in compliance with the Regulatory Reporting Quality Assurance methodology /standards and within the established timeframes.
- Collaborate with Quality Assurance team members to plan audit projects, develop risk and control assessments, develop work programs and other deliverables of the review work.
- Participate in documenting business processes and technology management processes related to the activity/report being reviewed. Execute testing of foundational controls to assess adequacy of control design and operational effectiveness in managing risk.
- Leverage and improve project management skills.
- Ensure accountability and high work product quality by participating in the progress of fieldwork, informing managers and the regulatory reporting of status updates.
- Leverage knowledge of risk and control concepts and industry trends to identify control deficiencies and recommendation process improvement ideas. Participate in the regulatory reporting issue follow-up processes.
- Review quality assurance review workpapers and provide coaching feedback on work prepared by staff analysts.
- Participate in the preparation of quality assurance review reports; ensuring that all areas of the quality assurance review process and results have been addressed and documented in accordance with defined standards.
- Participate in the communication information to management through periodic update meetings, presentations, and quality assurance review reports.
- Develop recommendations and action plans to improve financial reporting disclosures and improve processes to eliminate or mitigate observed risks.
- Monitor Regulatory Reporting policies and procedures for compliance with Agency issued reporting requirements.
- Establish, foster and maintain working relationships with peers and supervisory management within the business line and cross-functional lines to support an effective workflow and continuous communications. Deliver value to internal and external customer.
- Assist in the identification and continuous monitoring of risks and other potential exposures to the Bancorp. Assist in the execution of continuous monitoring activities that effectively assesses changing risk and the impact on internal controls and planned quality assurance review activities.
- Leverage and improve line of business and industry knowledge base and expertise to keep current on existing and emerging issues; apply this knowledge for the benefit of the Bank's risk-based quality assurance review program.
- Assist management in continuous improvement of the quality assurance review function through special projects and process development activities.
- Contribute to team effort by willingly sharing knowledge, being open to new ideas, applying knowledge in daily work, and building strong partnerships for learning and knowledge sharing.
- Perform other tasks as assigned.
SUPERVISORY RESPONSIBILITIES:
None.
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:
- Bachelor’s degree required with a focus on accounting, finance or information technology.
- Three – five years’ bank Audit, Accounting, Financial Reporting or large public accounting firm experience or five+ years’ of general financial services industry experience.
- Relevant professional certification, such as CPA or CIA preferred.
- Proficient with MS-Windows and other related PC applications. Possess the desire and ability to learn mainframe applications and automate data analysis tools and techniques.
- Excellent written and oral communication skills.
- Demonstrated leadership, coaching and project management skills.
- Ability to adjust to multiple demands, shifting priorities and rapid change.
- Results and goal oriented, possessing sound judgment and ability to apply logical/critical thought processes when developing business solutions.
- Proven ability to work both individually and in a team environment and display a positive business presence and sound judgment with management and external personnel.
- Ability to maintain independence and objectivity in all aspects of position.
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.
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