Associate Relationship Manager at Fifth Third Bank

Grand Rapids, Michigan, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

Bachelor's degree in Business (e.g. Business Administration, Finance, Accounting) or equivalent work experience preferred
1-2 years of related commercial banking, finance, accounting or similar experience
Novice knowledge of financial and risk analysis
Novice knowledge of US economy and regulations
Novice sales and business development acumen
Experience with commercial lending credit policies and guidelines preferred, but not required
Knowledge of B2B, CCAS, AFS, RIMS, CHQ, Loan Doc Prep System (or equivalent vendor systems), and other banking systems preferred, but not required
Local / Regional market dynamics understanding preferred, but not required
Demonstrated expertise in strong verbal and written communication skills, with emphasis on experience in face-to-face negotiations and group presentation skills
Demonstrated expertise in using effective problem solving and analytical skills with ability to handle and prioritize multiple tasks
Proficient in all Microsoft Office software

Responsibilities

Partner with Relationship Managers in sales and servicing, performing analytical tasks as needed
Assist in identifying and qualifying prospects with Relationship Manager or RM Team Leads
Conduct industry research
Create and maintain prospect profiles (including updates on CRM)
Create client presentations
Work with Relationship Managers to identify client solutions
Obtain and input prospect KYC due diligence information
Conduct initial pricing analysis and generate relationship pricing model
Draft initial deal screen / opportunity memos
Attend and participate in client presentations at Relationship Managers request
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

Skills

Financial Analysis

Risk Analysis

CRM

KYC Due Diligence

Pricing Analysis

Industry Research

Client Presentations

Sales Support

Business Development

Critical Thinking

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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