Community Impact Manager at Fifth Third Bank

Nashville, Tennessee, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

Oversight of a region/primary cities and/or a market with low level of complexity and inherent CRA risk weighting
Local expertise in managing assigned Region assessment area risk associated with Community Reinvestment Act (CRA) performance
Effective communication with region senior management team and other key internal and external stakeholders
Accountability for risk management by openly exchanging ideas, elevating concerns, and following policies and procedures
Commitment to doing the right thing for customers and colleagues to drive positive customer experience
Ability to identify, assess, manage, monitor, and report risks while operating within the Bank's risk appetite
Completion of compliance training requirements
Understanding and promotion of relevant banking strategies and priorities

Responsibilities

Assess community needs and execute the bank's strategy to build strong communities, aligning with community and economic development vision and priorities
Develop and implement strategies to remediate CRA performance gaps to achieve outstanding CRA performance rating
Develop and lead relationships with key community partners, nonprofit organizations, internal region and Bancorp leaders, and partners in marketing, communications, corporate social responsibility, government relations, business resource groups, and the Fifth Third Foundation
Develop and maintain a strong network of community development stakeholders, partners, and centers of influence for CRA-related efforts
Develop and lead partnership opportunities between Fifth Third Bank employees and community-based organizations to meet CRA performance objectives
Lead the development of the region's community and economic development market execution plan, strategies, and initiatives to accomplish CRA performance goals
Represent the bank as a market leader in the community, including serving on boards, committees, taskforces supporting low and moderate income (LMI) communities, and attending related events
Work with internal business partners to drive engagement of region associates in community development initiatives
Build CRA-related business development relationships through consistent calling efforts on existing and prospective customers in partnership with line of business partners
Lead community development-related activities as a visible representative of Fifth Third Bank
Identify and evaluate community and economic development partnerships, and the impact of the bank's philanthropic investments and nonprofit sponsorships
Contribute to the company's CRA exam by ensuring programs and initiatives support or benefit LMI communities
Facilitate the activation of community and economic development sponsorship requests and partnerships
Manage the regional charitable contributions budget and local giving council to ensure alignment with strategic priorities
Establish and maintain a network of market community development intermediaries, including government agencies, non-profits, and for-profits

Skills

CRA Compliance

Risk Management

Community Engagement

Stakeholder Relations

Strategic Planning

Nonprofit Partnerships

Economic Development

Community Needs Assessment

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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