Accounting Risk and Policy Sr. Manager - Regulatory Reporting at Fifth Third Bank

Cincinnati, Ohio, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

NoVisa

Banking, Financial ServicesIndustries

Requirements

Bachelor’s Degree in Accounting, Finance or Economics required
CPA Required
Minimum of 7-10 years of accounting related experience
Banking or accounting related experience required
Supervisory experience preferred
Proficient in advanced spreadsheet applications such as Excel

Responsibilities

Responsible for the development and maintenance of Bancorp accounting policies and procedures
Ensure that Bancorp accounting policies and procedures are developed, maintained and updated in accordance with GAAP
Ensure that policies and procedures are properly documented and maintained in a clear and concise manner
Ensure that policy/procedural changes are clearly communicated to appropriate areas of the Bancorp on a proactive and timely basis
Responsible for monitoring emerging accounting issues and standards, including proactive monitoring of all emerging issues and assessing the implications to the Bancorp
Discuss implications to the Bancorp with the Director of Accounting Risk and Policy, Assistant Controller and Controller as well as external audit as necessary, and develop comment letters as appropriate
Responsible for interpreting newly issued standards and fully assessing their impact to the Bancorp
Coordinate implementation team ensuring that all relevant Bancorp departments are represented, develop adoption implementation strategy and oversee its execution
Quantify current and expected financial statement impacts for communication to the Bancorp finance organization as well as the Audit Committee
Consult with Affiliate, centralized and LOB finance teams on technical accounting topics, proactively engage finance teams to gain a full understanding of new/emerging business transactions
Develop and communicate technical accounting requirements and related financial statement impacts
Assist with transaction structures and drafting of contractual agreements in order to maximize the favorable economic impact to the Bancorp as well as ensure the alignment of transactional economics and GAAP requirements
Serve as the Bancorp's technical accounting subject-matter expert on various finance/accounting initiatives and special projects, including process improvements, merger and acquisition activity, etc. as well as serve differing roles on Bancorp committees
Responsible for providing employees timely, candid and constructive performance feedback, developing employees to their fullest potential, providing challenging opportunities that enhance employee career growth, developing the appropriate talent pool to ensure adequate bench strength and succession planning, and recognizing and rewarding employees accomplishments

Skills

GAAP

accounting policies

regulatory reporting

financial reporting

risk management

policy development

accounting standards

technical accounting

Fifth Third Bank

Provides banking, loans, and wealth management services

About Fifth Third Bank

Fifth Third Bank offers a variety of financial services, including personal and business banking, loans, mortgages, credit lines, and insurance products. Their services cater to individual consumers, small businesses, and commercial clients, providing comprehensive solutions for managing finances. The bank generates revenue through interest on loans, service fees, and commissions from insurance and investment products. Unlike many competitors, Fifth Third Bank emphasizes community engagement and financial education, providing resources to help clients improve their financial literacy. The goal of Fifth Third Bank is to support clients in achieving their financial objectives while fostering a strong connection with the communities they serve.

Cincinnati, OhioHeadquarters

1858Year Founded

IPOCompany Stage

Social Impact, Financial ServicesIndustries

10,001+Employees

Benefits

Health Insurance

Paid Sick Leave

Paid Holidays

Performance Bonus

Flexible Work Hours

Risks

Rising interest rates may decrease demand for loans and mortgages.

Competition from fintechs like Robinhood threatens Fifth Third's wealth management sector.

Sophisticated cybersecurity threats pose risks to customer data and trust.

Differentiation

Fifth Third Bank offers comprehensive financial solutions for individuals and businesses.

The bank emphasizes community engagement and financial education for client empowerment.

It provides a wide range of insurance products, including life, health, and disability.

Upsides

Increased demand for digital banking boosts Fifth Third Bank's online service offerings.

Partnerships with fintech enhance technological capabilities and customer experience.

Growing interest in sustainable finance attracts environmentally conscious customers.

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