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Fifth Third Bank · 5 months ago

Business Controls Sr. Associate - Enterprise Information Technology/Information Security

Cincinnati, OH

Full-time

Onsite

Senior Level

6+ years exp

Fifth Third Bank is a leading financial institution that connects great people to great opportunities. They are seeking a Senior Associate to conduct Process Risk and Control Self-Assessments for high and moderate risk Information Technology/Information Security processes, ensuring compliance and effective risk management practices.

BankingCommercial LendingFinanceFinancial ExchangesFinancial ServicesLendingMedia and EntertainmentMortgage

Responsibilities

Assists business controls leadership with the development of complex strategies and 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 and integrates information

Identifies the need for and collects information to better understand issues, problems, and opportunities; integrates information from a variety of sources; and detects trends, associations, and cause-effect relationships

Leverages expertise and stays informed 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. 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

Serves as an analytical and procedural expert to peers on cross-functional processes or project deliverables

Assists with execution of regulatory change management program to ensure applicable regulatory changes are identified, assessed against business processes, reported, and complied with

May, if applicable, assist in the external change management for credit bureau working with centralized team and business control managers as build out testing

Assists in identifying operational risks in accordance with the ERM, ensuring that adequate internal controls are in place to mitigate risks of all types

Partners with business managers in implementing remediation actions per the Bancorp issues management framework; coordinates business ownership of processes, risks, controls, and tests

Serves as coordinator for updates to data in archive systems (e.g., Open Pages, PPM, etc.)

Conducts RCSA facilitated sessions where risks and controls are rated

Partners with Support Functions or Risk Experts to identify applicable Enterprise and Risk Appetite indicators and determine which will be designated "Key"

Collaborates with LOB on threshold evaluation and proposed changes; enter proposed indicators and changes in the GRC tool

May assist in the determination of identifying loss events with applicable RCSA risks/processes

May assist in the coordination root cause analysis, action plan evaluation with LOB and monitor action plan implementation

Provides oversight to overall LOB Supplier/Outsourcing strategy and Review LOB business case for outsourcing & challenge

Participates in escalated issues that impact LOB process & involve Supplier(s) where applicable

Works with LOB to identify initial set of inherent risks and controls

Identifies applicable governance processes and may complete control implementation

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

Qualification

Process Risk AssessmentControl TestingEnterprise IT KnowledgeRisk ManagementCISA CertificationCISSP CertificationAnalytical SkillsMicrosoft OfficeCommunication SkillsCollaboration Skills

Required

6+ years of experience in relevant domain (IT/IS, Risk, IT Audit)

Bachelor's degree or equivalent experience required (related field 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 proactively identify opportunities and take action to build trusting strategic internal and external relationships and networks

Must be approachable, collaborative, and have the ability to influence others through interpersonal skills, 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

Preferred

Preferred to have at least one of the following certifications: CISA, CRISC, CISSP, or CISM

5 + years of financial services industry, risk, business controls or compliance experience preferred

Master's degree in relevant field preferred

For Investment Advisors: FINRA Series 7 and 63/66 licenses preferred

Knowledge of the Securities industry and SEC / FINRA regulations is preferred

Benefits

Comprehensive benefits

Incentive compensation plan

Company

Fifth Third Bank

Glassdoor3.7

Fifth Third Bancorp is a financial services company that specializes in small business, retail banking, and investments. It is a sub-organization of Fifth Third Bank.

Founded in 1858

Cincinnati, Ohio, USA

10001+ employees