Dividend - Risk and Strategy Analyst II at Fifth Third Bank

Chicago, Illinois, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Banking, Renewable EnergyIndustries

Requirements

Bachelors or Masters in STEM or Economic background preferred with a focus on hypothesis and data driven solutions or equivalent work experience
2+ years of experience in Credit Risk, Operations Analytics, Modeling/Data Science or related field
Highly proficient in SAS/R/Python and SQL along with advanced MS EXCEL skills, pivot tables, etc., preferably include VB / macro writing
Ability to manipulate large datasets. Strong understanding of (incomplete in JD, but implied data handling)

Responsibilities

Perform analyses and build models to launch new product, risk and pricing strategies for Solar and Home Improvement lending products
Drive step-change improvements in credit performance by analyzing historical loan data, develop risk scorecards, and testing hypotheses using rigorous monitoring and analysis
Develop the ecosystem that delicately and proactively manages the risk between the installer/contractors and end consumers
Establish, document, and formalize processes and controls to drive greater operational efficiencies and excellence for critical initiatives and deliverables. Address risk and opportunities and existing procedures
As a key member of the Risk and Strategy organization, work closely with Technology, PMO, and Operations to scope operational feasibility, lead implementation efforts and launch MVP iterating quickly as we get more learnings and market feedback
Conduct ad-hoc deep-dive analyses for senior leadership to drive strategic business decisions
Support existing Solar products through improved risk policies and valuations methodologies
Develop next generation of Home Improvement offerings through both product, pricing, and strategic levers
Work with onsite and offshore vendor partners in the execution of data projects

Skills

Risk Management

Pricing Strategy

Data Analysis

Financial Modeling

KPI Monitoring

Testing Strategy

Valuation

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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