Sr Analyst, Third Party Due Diligence

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Position not available for immigration sponsorship.

GENERAL FUNCTION:

Assist in the administration and deployment of an enterprise-wide Third Party Management Program. This position will ensure that the Third Party Risk Management Policy, and Third Party program, processes and procedures are adhered to throughout the organization to ensure Bancorp third parties are managed according to regulatory standards and internal policies. This position is responsible for implementing and sustaining processes to assess, measure, analyze and manage third party due diligence responses and associated control documents and environments, as applicable,for the purposes of identifying risks and ensuring any risks outside of the Bancorp's risk appetite are prioritized and mitigated.

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 & RESPONSIBILITIES:

• Adhere to the Third Party Due Diligence framework through the execution of policies and procedures related to third party due diligence and recertification. This includes: ensuring due diligence is completed timely and appropriately, assessment of controls, identification of risks, tracking of regulatory controls and compliance related to outsourced processes, and identification and remediation of third party risks/issues.Assists other Third Party Management employees in the execution and promotion of their duties as needed.
• Execute processes in compliance with the defined third party policies, procedures and guidelines for the organization.
• Support applicable due diligence tools, systems, processes and data utilized for the central oversight of third party processes, including the due diligence process. Streamline processes for the effective management of these processes to ensure effective management and oversight of vendor risk.
• As applicable act in service owner capacity for tools supporting the due diligence processes and streamline processes for the effective management of these processes and relationships to ensure effective management and oversight of third party risk.
• Provide administrative support to owner of Third Party system(s) of record as needed.
• Maintain current knowledge of compliance and regulatory requirements and outsourcing best practices to minimize/mitigate risk to the organization, and ensure quality standards, policies and procedures effectively address these requirements.
• Provide reporting related to identified risks and status of due diligence reviews to ensure we are within the risk tolerance of the organization.
• Work with assigned risk areas to ensure surveys utilized within the due diligence and recertification processes are up to date and encompassing of necessary control assessments and regulatory compliance.
• Develop and foster effective working relationships with LOB and key risk stakeholders, especially risk area subject matter experts in the areas assigned for survey review..
• Collaborate with Third Party Risk Oversight team as needed in monitoring of critical third party relationships.
• Independently executes responsibilities and assignments.
• Collect, consolidate and communicate detailed and summarized vendor due diligence results to key stakeholders, including Executive Management on vendor performance and relationships.

                                                                                   

SUPERVISORY RESPONSIBILITIES: None

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

• Bachelor's degree required.
• 4+ years of related business experience preferably in a banking environment. Combination of one or more of the following skills required: Knowledge of Outside Service Providers, bank operations, auditing, Operational Risk, IT Security, Sarbanes Oxley, Basel and the FDICIA controls assessment.
• Knowledge of Vendor Risk Management and Sourcing methodologies, best practices, strategies, and business processes.
• Understanding of risk management practices and principles.

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Sr Analyst, Third Party Due Diligence

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. 

LOCATION -- Cincinnati, Ohio 45202

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.