Capital Planning Analyst II at Fifth Third Bank

Cincinnati, Ohio, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

NoVisa

Banking, Financial ServicesIndustries

Requirements

Bachelor's degree required. MBA, CFA, or CPA preferred
Knowledge of GAAP strongly desired
Typically requires two to four years of accounting or finance related experience in industry or public accounting
Should have a breadth of knowledge and experience in multiple lines of business within Bancorp
Proficient with MS-Windows and other related PC applications
Possess the desire and ability to learn mainframe applications, and automated data analysis tools and techniques
Excellent analytical, verbal and written skills

Responsibilities

Assists in the execution of complex financial analysis and business improvement in support of capital adequacy processes, including Comprehensive Capital Analysis & Review (CCAR), and enterprise-wide stress testing
Assists in the coordination of Fifth Third's capital planning processes
Focuses on providing value-added analysis and process improvement recommendations to support Capital Planning, as well as quality assurance and business controls support
Understands the identification of key business factors (both internal and external) that impact capital planning processes and maintains an up-to-date knowledge base on existing and emerging industry issues
Performs collection, aggregation, and analysis of forecasted financials and supporting documentation from across the Bancorp
Plays a key supporting role in documentation of financial plans and analysis in a format appropriate for meetings with senior management
Evaluates and improves design of reports and processes to ensure that analytical tools evolve as business changes
Performs maintenance on existing schedules and reports for changes to information
Prepares and analyzes reports for all lines of business and affiliates, investigates and documents unusual items
Develops trend analyses and other quantitative reports to determine business trends
Establishes, fosters and maintains working relationships with Finance, Risk and LOB personnel contributing to execution of enterprise-wide capital planning activities
Works closely with line of business participants and other CCAR central process teams to improve the overall control environment of the capital planning process and drive consistency and sustainability
Participates in complex process improvement initiatives to drive consistency & sustainability within capital planning
Assists with providing guidance to stress test participants in updating/maintaining control documentation, including process flows, approval templates, & policy/procedural documentation
Verifies and documents compliance with risk management/control framework supporting relevant aspects of Fifth Third's Capital Planning Process
Seeks opportunities to enhance Capital Adequacy Process (CAP) and is an active participant in process improvement and problem resolution issues
Develops recommendations and action plans to support growth and eliminate or mitigate observed risks
Attends meetings with peers to maintain knowledge of current and emerging issues and risks in respective focus areas

Skills

Key technologies and capabilities for this role

Financial AnalysisCapital PlanningCCARStress TestingFinancial ModelingData AggregationReportingProcess ImprovementRisk ManagementExcel

Questions & Answers

Common questions about this position

Is this position remote or does it require office work?

This information is not specified in the job description.

What is the salary or compensation for the Capital Planning Analyst II role?

This information is not specified in the job description.

What key skills are required for this Capital Planning Analyst II position?

The role requires skills in complex financial analysis, capital adequacy processes like CCAR and stress testing, data collection and aggregation, trend analysis, quantitative reporting, and process improvement.

What is the company culture like at Fifth Third Bank for this role?

The culture emphasizes risk accountability, openly exchanging ideas, elevating concerns, following policies, doing the right thing for customers and colleagues, and managing risks within the bank's risk appetite while achieving results.

What makes a strong candidate for the Capital Planning Analyst II role?

Strong candidates have experience in financial analysis, capital planning, CCAR, stress testing, process improvement, and building relationships across Finance, Risk, and lines of business, with the ability to handle complex analysis and documentation for senior management.

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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