Finance Regulatory Reporting Analyst 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, FinanceIndustries

Requirements

Proficient with various in-house transaction systems, including but not limited to booking systems (AFS, ACBS, Infolease, etc.)
Ability to develop an understanding of existing and proposed regulatory guidance around the reporting of externally prepared schedules
Strong analytical skills to identify, analyze, and support data used in schedules, perform edit/validation checks, analytical reviews, and portfolio analysis (e.g., industry/geographic/product segmentation)
Capability to develop, analyze, and justify assumptions and calculations incorporating regulatory guidance
Experience or ability to work collaboratively with Internal and External Auditors, Federal Reserve Bank Examiners, Commercial and Consumer Lines of business, Risk Management, Enterprise Data Office, Regulators, finance and accounting, IT, and senior management
Strong communication skills to escalate and communicate issues, maintain regular communication with stakeholders, and present items timely to senior management
Accountability for risk management, following policies and procedures, and driving positive customer experience

Responsibilities

Lead the development and production of reports and documentation for FRY14-M, FRY14Q, and regulatory reporting
Assume responsibility for existing reporting processes and all related calculations and support
Identify, analyze, and support data used in schedules, and work with line of business partners to ensure improved data quality
Maintain schedule documentation, including process mapping, edit testing, and reconciliations
Document current reporting to ensure transparency in the reporting framework
Evaluate and improve the design of reports through a centralized process and data flow, and improve access to and quality of data used
Perform edit/validation checks and analytical reviews to verify data inputs are complete and accurate
Support the development of datasets for improved transparency
Perform analytical review on reporting outputs to understand changes in portfolio composition and identify errors or omissions
Perform and/or leverage portfolio analysis such as industry/geographic/product segmentation to ensure accuracy
Develop, analyze, and justify assumptions and calculations to ensure transparency throughout the bank incorporating regulatory guidance
Maintain procedural documents, data, and calculation reference material
Participate in the development of new 14Q and 14M reporting processes under centralized data sources
Collaborate with teams who design, develop, implement, document, and maintain new reporting processes to improve quality, transparency, and consistency of data reported
Develop relationships with appropriate levels of management for process improvement ideas, issue identification, and resolution
Work collaboratively with Commercial and Consumer Lines of business, Risk Management, the Enterprise Data Office, and Regulators; ensure schedule changes are well communicated, approach is consistent, and issues are escalated to the Regulatory Reporting Disclosure Committee
Communicate with internal stakeholders (finance and accounting, lines of business, risk, IT, EDO) to address items and issues, and document and present important items timely to senior management
Assist in the execution of moderately complex financial analysis of key business areas within the Bancorp
Streamline external reporting schedules through development of a centralized data source
Focus efforts around automation in reporting, documenting data flow for transparency, and pursuing resolution of data quality issues in partnership with various lines of business
Escalate and communicate issues as they arise to ensure the right level of visibility

Skills

FRY14-M

FRY14Q

Regulatory Reporting

Financial Analysis

Data Quality

Process Mapping

Reconciliations

Edit Testing

Automation

Risk 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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