What are the responsibilities and job description for the Client advisor position at Fifth Third Bank?
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GENERAL FUNCTION :
This position serves as the first line of defense within the Line of Business (LOB) providing day-to-day support related to Client / Counterparty risks facing the Bank.
This role is responsible for understanding the strategic goals and objectives of the business and providing solutions to help meet / reach those objectives while ensuring a lens on client risk.
This person is responsible for the Commercial oversight of high and heightened risk clients, as well as ensuring compliance with Bancorp policy.
This person must be able to facilitate senior-level management meetings and conversations, as well as maintain day-to-day monitoring and operational oversight.
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 AND REPONSIBILITIES :
Oversees the LOB process for client selection and adherence to Bancorp policy and procedure related to client onboarding, due diligence, periodic reviews, and any other identified risks.
Reviews current actions being taken to reduce risks to the organization, and provides detailed feedback to management regarding gap analysis, areas of success / concern and opportunities for improvement.
Maintains a detailed understanding of client and AML risks and ensures the business process is maintained to manage said risk.
Interprets Legal guidance and requirements, analyzes client documentation and relationships, and helps develop a system to document trends to drive a consistent approach with client selection.
Develops and maintains familiarity with various procedures and systems used to facilitate regulatory and Bancorp requirements related to bank products.
Recommends actions be taken to reduce or eliminate further risks to the organization, all considering Fifth Third's appetite for client / counterparty risks and other associated risks.
Performs due diligence as needed on certain Legal items that could have an impact on the performance, compliance and risk profile of the organization.
Primary responsibility for understanding reputation, climate, and other non-credit risks posed to the Commercial division.
Responsible for partnering with the first line of defense revenue producers to improve efficiency, effectiveness, productivity and / or control.
Partners with business managers & business process & Controls manager in creating and maintaining the Regulatory inventory.
Facilitates the cross functional review of regulatory changes; manages councils and provides status reporting to Enterprise Risk Management for governance reporting.
Partners with Support Functions or Risk Experts to identify applicable Enterprise and Risk Appetite indicators and determine which will be designated as "Key".
Responsible for all Commercial policy changes relating to client due diligence, client selection, and client risk.
Coordinates with LOB root cause analysis and action Plan Development and implementation.
May assist in producing monthly reporting to LOB management.
MINIMUM KNOWLEDGE, SKILLS AND ABILTIES REQUIRED :
Bachelor's degree required.
CPA, JD or Master's degree in relevant field preferred.
5-10 years business experience, with 5 years' experience performing legal due diligence and reviewing corporate authority preferred.
Experience in instituting Controls in a relevant organization.
Moderate Background in banking or banking operations and its compliance needs and risks.
Exceptional written and oral communication skills.
Must be approachable, collaborative, and have the Ability to influence others through interpersonal and negotiation skills.
Thrive in a fast-paced dynamic environment and is comfortable quickly shifting priorities on short notice.
Displays strong business judgment, leadership, and integrity.
Client Risk Advisor
LOCATION 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.
Last updated : 2024-03-05
