Business Controls Analyst - Information Security

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GENERAL FUNCTION:

As first line of defense, conducts analysis related to identifying, assessing, mitigating, and managing risks necessary to comply with new or changing laws, regulations, regulatory guidance, and best practices deemed necessary by key stakeholders (such as Legal, Compliance, Enterprise Risk and Audit partners). Supports Business Controls in advancing risk management, structure, processes, and tools in support of the organization’s Enterprise Risk Management (ERM) framework. Transforms data into business intelligence by developing and presenting information and insights to stakeholders. Monitors and manages risks to ensure compliance and validation of program effectiveness with assigned line of business or functional area, and Bancorp initiatives.

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 and LOB’s risk appetites, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Assists Business Controls leadership with the implementation of controls, policies, and procedures to increase effectiveness and efficiency related to the respective business or functional area.
• Provides relevant expertise and analysis to stakeholders related to the identification, assessment, control, monitoring, testing and reporting of risks.
• Investigates and assists in root cause analysis in instances of actual or potential operational loss.
• Gathers, analyzes, aggregates, and reports on risk data to develop solutions to analytical, implementation, and/or execution issues.
• Prepares status reports and presentations to keep Business Controls leadership and internal partners abreast of key milestones, alternatives, and potential risks.
• Develop knowledge of industry best practices and regulations to ensure compliance with all applicable laws, standards, and requirements, including, but not limited to, OCC Heightened Standards.
• Supports the resolution of internal audit, compliance, or risk management related issues that could impact the classification, availability, or integrity of data or processes.
• Highlights control breakdowns, inadequate processes, and unexpected events and implements corrective actions in partnership with Business Controls leadership to address process and control deficiencies.
• Builds effective relationships with other internal business control groups and the second and third lines of defense (such as Legal, Compliance, Enterprise Risk, and Audit).
• Collaborates with groups responsible for ensuring adequate information barriers are established, and the Bank’s compliance with policies and processes are in place in order to control the flow of certain information.
• Assists with execution of regulatory change management program to ensure applicable regulatory changes are identified, assessed against business processes, reported, and complied with.
• Partners with business managers in implementing remediation actions per the Bancorp issues management framework and assists in the coordination of business ownership of processes, risks, controls, and tests.
• May assist in the coordination for updates to archive systems (e.g., Open Pages, PPM, etc.).
• May help to conduct RCSA facilitated sessions where risks and controls are rated.
• May, if applicable, assist in the external change management for credit bureau working with centralized team and Business Controls leadership as build out testing.
• Works with LOB to identify initial set of inherent risks and controls and identifies applicable governance processes.
• May assist in the determination of identifying loss events with applicable RCSA risks/processes and coordinate root cause analysis and action plans evaluation with LOB.
• Partner with support functions or risk experts to identify applicable Enterprise and risk appetite indicators.
• Collaborate with LOB on threshold evaluation and proposed changes and enter proposed indicators and changes in the GRC tool.
• Actively participates in issue remediation.
• Executes on ERM Scenario Analysis risk management program.
• Develop and manage product inventory and execute on ERM product risk review program.
• May have additional responsibilities as assigned by LOB/Function leadership and Risk, including but not limited to:
  • Assistance with new government programs or special internal projects.
  • Assistance with new risk programs required by regulatory authorities or ERM.
  • Assistance with diligence, closing, and other matters relating to acquisitions and strategic investments.

MINIMUM KNOWLEDGE AND SKILLS REQUIRED:

• Bachelor’s degree or equivalent experience required (related field preferred).
• 1-2 years of financial services industry, risk, business controls or compliance experience preferred.
• Professional verbal and written communication skills and the ability to communicate with discretion and understanding when confidentiality is needed.
• Must be analytical and possess ability to interpret and apply policies and regulations across a complex business.
• Must identify opportunities and take action to build trusting strategic internal and external relationships and networks.
• Must be approachable and collaborative, thrive in a fast-paced dynamic environment, and be comfortable quickly shifting priorities on short notice.
• Working knowledge of Microsoft Office products required.
• Ability to work with minimal supervision.

At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.

Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes - no matter how they are submitted - will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.

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.