Managing Director, Corporate Strategy

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.

GENERAL FUNCTION:

The Director, Corporate Strategy role partners with the Bank's executive leadership to deliver a growth-oriented, results-focused strategic agenda including stewardship of Fifth Third's overarching vision and mission. The position is responsible for prioritizing, directing and ensuring high quality and business-aligned outcomes for all strategy, analytics and reporting work that supports design and execution of line of business strategy. This position works with lines of business executives to deliver comprehensive strategic plans, ensure effective governance over business strategies and proactively and prudently manage strategic risk in partnership with business leadership.

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:

• Be the primary partner and thought leader in developing, updating and ensuring execution against a strategy for the division(s) for which the MD is responsible.
• Clear vision financial and operational outcomes, customer experience, risk/return profile, competitive position, regulatory standing, etc.
• Clear priorities for multi-year roadmap with clear areas of focus (and deprioritized areas), and operational plan including risk mitigation strategies, execution milestones and business partner integration.
• Effective execution governance, transparency and honesty in reporting on performance both against goals and in the execution of individual initiatives.
• Enabling early intervention where needed, and effective risk management from ideation to benefits recognition.
• Translate the strategy, as well as ad hoc business needs (as articulated by the division leader), into discrete priorities and work plans for (the relevant teams within) three groups.
• Corporate strategy responsible for developing discrete strategies through fact-based exploration of business opportunities/challenges, executing the strategic planning process, and providing market intelligence to the bank.
• Decision sciences  responsible for developing and deploying advanced analytical techniques in support of key business priorities.
• Enterprise data and reporting responsible for efficiently and effectively delivering timely and accurate information to businesses that they require for day-to-day decision making and operations.
• Manage processes that ensure appropriate prioritization, effective execution, and clear transparency and accountability between key partners.
• For division leader, translate agenda into discrete projects, provide transparency on prioritization and queuing, provide timely and accurate status updates, balance ability to directly intervene with single point of contact' simplification for the division leader.
• For leaders of Corporate Strategy, Decision Sciences and Enterprise Data & Reporting, clear articulation of division strategy driving work prioritization, transparency into work being done and in queue, incorporation of concerns/constraints andadvocacywith division leader to reduce conflict in allocation of scarce resources.
• Primary leadership in the annual strategic planning processes.
• Active participation in design process of bringing individual and organizational insights, informing objectives and organization of the process.
• Accountable for effective execution of the process within responsible division(s) mobilizing resources, setting up governance processes, producing/challenging/finalizing presentation materials, appropriate consideration for parallel processes, etc.
• Model strategic leadership.
• For the corporate strategy team work actively to develop the team at al levels and model the skills and behaviors necessary for successful strategy leadership.
• For the CSO partner across the CSO as a capability leader and aggregator of executive perspectives to empower the success of all of functions (marketing, omni-channel design & innovation, decision sciences, acquisitions & strategic investments).
• For the bank, develop skills within responsible division(s) that embed