Fifth Third Bank Head of Credit Risk Strategy in CINCINNATI, Ohio
Fifth Third Bank is one of the top-performing banks in the country, with a heritage that spans more than 150 years. We've staked our claim on looking at things differently to making banking a Fifth Third Better. This applies to our relationships with customers and employees alike.
We employ about 18,000 people, and what we offer is:
# A chance for employees to build their future, with supportive career development and financial wellness programs.
# An environment where we win together. We celebrate achievement and work collaboratively. We're also a three-time Gallup Great Workplace honoree.
# An invitation to impact lives in a positive and lasting way. Everything we do is geared toward improving lives. That's fun and exciting.
It comes down to the fact that Fifth Third is a warm and caring place to with which to grow # as a customer or as a team member.
Building upon a rich history of innovation in the payments space, the Fifth Third Payments and Commerce Solutions division combines existing businesses such as Treasury Management, Commercial and Consumer Card and Currency Processing Solutions with resources specialized in developing innovative commerce-enabled solutions. Our goal is to provide solutions for complex high-transaction industries and segments and to provide a deeper, more holistic experience to our customers. This division enables Fifth Third Bank to think comprehensively around our customers' needs before, during and after the payment transaction. We are a team of innovators focused on providing best in class solutions to our clients and leveraging technology to improve the overall customer experience.
Lead the Credit Card Credit Risk Strategy function and team that maximizes risk adjusted returns through the cycle while staying within credit risk appetite through various credit risk strategies and tactics. Develop and execute the high levelCreditRiskStrategy that ensures robust risk adjusted returns and differentiates Fifth Third cards, increases share of wallet and drives increased customer value to accomplish business and financial objectives. Actively use analytical methods andmodeling,testingand other objective and hypothesis based approach in the Learning Agenda.
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 ensuresthatactions 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.
DUTIES & RESPONSIBILITIES:
. Develop and execute the Credit Risk Strategy to accomplish objectives
. Lead the function and team and be accountable for delivering Credit Risk Strategy objectives
. Plan and coordinate the execution of new and changes to various acquisition credit policies and customer management credit policies like new account approvals, line assignment, line increase/decrease and other risk mitigation policiesandcollections/ recoveries
. Plan and build credit statistical models for various credit decisions
. Develop and implement valuation (cash flow) models for key credit decisions
. Develop, plan and implement the Learning Agenda (tests, analyses) that identifies and delivers opportunities to enhance risk adjusted returns,
. Partner with 2nd line of defense Credit and other functional partners to build and execute on the agenda
. Monitor, optimize and change ongoing card strategies and tactics to ensure continue delivery of expected profitability and risk objectives
. Work closely credit risk and other risk management functions to ensure compliance with Fifth Third policies and laws and regulations
. Build and develop analytical and strategy management talent for long term sustained competitive advantage in Credit Risk Strategy
. Support and contribute to corporate initiatives as and when required
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:
. Bachelor's degree or Master's degree in quantitative discipline (e.g. science, technology, engineering, math, or economics) or Business Management with a quantitative minor
. 5+ years leading card credit risk strategy function and teams
. 10+ years' experience in Financial services performing or supervising analytically rigorous methods to drive business value
. Experience in direct marketing to customers or prospects in multiple channels including online banking, mobile, digital, direct mail, branches
. Excellent verbal, written, and interpersonal communication skills.
. Excellent Leadership skills, driving P&L goals, planning complex initiatives, a detail orientation,
. Strong analytical/quantitative skills and ability to structure complex analyses, mentor analysts and create an environment and culture that leverages analytics to drive value
. Ability to collaborate with, present to, and persuade Executive (including C-level) Management and across functions
. Proficiency in Microsoft Office suite of software products (Outlook, Word, Excel, PowerPoint), statistical modeling with SAS or Python and statistical techniques
. MBA degree
Fifth Third Bank 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.