Regulatory Reporting QA Analyst

Make banking a Fifth Third better®
We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.

Position not available for immigration sponsorship.

GENERAL FUNCTION:

Fifth Third Bank’s Regulatory Reporting Quality Assurance department is responsible for performing independent and objective review and challenge of the Bank’s Regulatory Reporting processes. The Quality Assurance department’s scope and activities are focused on Fifth Third’s Regulatory Reporting function and other departments/teams who are responsible for or contribute to a regulatory reporting filing.

The Regulatory Reporting Quality Assurance program includes the following key components:

• Review of Foundational Standards, Governance and Oversight
• Risk assessment
• Plan and scope of report review coverage
• End to end transaction testing
• Review Issue Management identification, tracking and remediation
• Continuous monitoring of the Regulatory Reporting process
• Review the cross-report quality control process

Responsibilities include executing planning, testing, reporting and wrap-up activities on each quality assurance review of highly complex regulatory reports in accordance with established standards. Individuals in this role work as an individual contributor, often in a team environment, in the given engagements.

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 ensure 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:

• Participate in the execution of all quality assurance review activities such as planning, testing, reporting and wrap up phases in compliance with the Regulatory Reporting Quality Assurance methodology / standards and within the established timeframes.
• Work with senior quality assurance staff to design test plans and review test results.
• Participate in documenting business processes and technology management processes related to the activity/report being reviewed. Execute testing of foundational controls to assess adequacy of control design and operational effectiveness in managing risk.
• Develop project management skills.
• Accumulate evidence to support the quality assurance review conclusions through high quality documentation and work papers.
• Work with senior quality assurance staff to develop findings and recommendations for inclusion in the quality assurance review report.
• Use knowledge of risk and control concepts and industry trends to identify control deficiencies and recommendation process improvement ideas. Participate in the regulatory reporting issue follow-up processes.
• Participate in the communication information to management through periodic update meetings, presentations, and quality assurance review reports.
• Monitor Regulatory Reporting policies and procedures for compliance with Agency issued reporting requirements.
• Establish, foster and maintain working relationships with peers and supervisory management within the business line and cross-functional lines to support an effective workflow and continuous communications. Deliver value to internal and external customer.
• Assist in the identification and continuous monitoring of risks and other potential exposures to the Bancorp. Assist in the execution of continuous monitoring activities that effectively assesses changing risk and the impact on internal controls and planned quality assurance review activities.
• Develop line of business and industry knowledge base and expertise to keep current on existing and emerging issues; apply this knowledge for the benefit of the Bank's risk-based quality assurance review program.
• Assist management in continuous improvement of the quality assurance review function through special projects and process development activities.
• Contribute to team effort by willingly sharing knowledge, being open to new ideas, applying knowledge in daily work, and building strong partnerships for learning and knowledge sharing.
• Perform other tasks as assigned.

SUPERVISORY RESPONSIBILITIES:

None.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

• Bachelor’s degree with a focus on Accounting, Finance or Information Technology.
• One – two years’ bank Audit