LOB Risk Director

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GENERAL FUNCTION:

Senior leadership role responsible for assessing and mitigating significant risk to a large and/or complex Line of Business (LOB) to prevent losses caused by insufficient or failed procedures, systems, or policies, as well as overall process design. Provides leadership, develops, and leads regulatory initiatives from strategy formation to execution of internal and external examinations. Acts as liaison between Bank partners, investors and external organizations. Partners with senior executives to identify, prioritize, track, and execute business opportunities. Collaborates with Compliance and Fair Lending to develop and coordinate policies and procedures to implement ongoing regulation changes from investors/insurers, state, and federal agencies. Responsible for influencing change and overseeing the successful execution of multiple LOB initiatives across all channels through strong partnership and collaboration.

Responsible and accountable for risk by openly exchanging ideas and options, 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 & RESPONSIBILITIES:

• Oversee risk management and regulatory compliance across the LOB and manage impact of regulatory change.
• Oversight of integrated issues management program.
• Operate as primary single point of contact for supervisory expertise and lead teams for internal and external examinations.
• Lead the team responsible for the gathering of all exam materials including questionnaire responses and loan file preparation.
• Drive focus and accountability across the LOB for issues identification, prioritization, ownership, and resolution.
• Work with partners to drive positive customer experience; oversee compliance management for the LOB.
• Oversee management for regulatory readiness, audit prep, testing, and risk coordination teams.
• Oversight of the management of the vendor performance, ongoing testing and monitoring, disaster recovery and administrative support teams.
• Lead team in developing strategic relationships with internal and external partners.
• Coordinate and implement all business continuity initiatives for the LOB.
• Lead team responsible for change assessment, design, development, and delivery of activity to achieve planned business objectives and growth.
• Lead efforts to maintain and improve process and procedures that result in improved customer experience, operational efficiency and strengthen risk management.
• Establish, foster and maintain consultative working relationships with peers and senior management throughout the Bancorp to ensure effective workflow and continuous improvement, and to monitor new initiatives and emerging risks.

SUPERVISORY RESPONSIBILITIES:

Responsible for providing employees timely, candid and constructive performance feedback. Developing employees to their fullest potential. Developing the appropriate talent pool to ensure adequate bench strength and succession planning. Recognizing and rewarding employees for accomplishments. Assist in the development of appropriate talent pool to ensure adequate bench strength and succession planning.

MINIMUM KNOWLEDGE, SKILLS & ABILITIES REQUIRED:

• Bachelor's degree required or equivalent experience. Master’s Degree preferred.
• Relevant industry certification preferred.
• Minimum 10 years’ experience in related field.
• 5 – 10 years’ experience in risk, business controls or compliance management experience preferred.
• Demonstrated ability to direct initiatives with successful results.
• Comprehensive understanding of bank governance, including regulatory expectations.
• Demonstrated ability to manage multiple projects and priorities and work in a fast-paced environment required.
• Excellent project management, communications, and presentation skills.
• Excellent written and oral communication skills.
• Ability to influence peers, colleagues, and managers across business and divisional lines to take action on complex, technical or sensitive topics with companywide impact.
• Strong leadership, critical thinking, and organizational skills.
• Must be comfortable representing LOB products and strategies to internal partners and external agencies.
• Ability to work independently, as well as in a team environment.
• Ability to effectively manage time.
• Independent and highly self-motivated.
• Strong PC skills including Microsoft Office (Word, Excel, Access, PowerPoint).

WORKING CONDITIONS:

Extended time at desk and/or viewing computer screen.

LOB Risk DirectorLOCATION -- 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.