What are the responsibilities and job description for the Regulatory Reporting Manager position at Fifth Third Bank, National Association?
Make banking a Fifth Third better® We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank. Position not available for immigration sponsorship. GENERAL FUNCTION: Responsible for establishing policies and implementing procedures to ensure accurate, timely and compliant completion of External Regulatory Reports. Manage staff to ensure the development of personnel with the required skill set, knowledge and experience to meet reporting standards. Provide guidance throughout the Bancorp as regulatory matters are applied to the various business activities. 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. ESSENTIAL DUTIES AND RESPONSIBILITIES: Manage staff to ensure the requisite knowledge is developed to ensure Regulatory Reports are completed in compliance with Regulatory Standards. Recruit new staff from internal and external sources. Monitor and encourage continuing education specific to the essential duties and skills required for staff. Develop work assignments that are challenging, meet established goals and improve work processes. Ensure ongoing communication of organizational activities so that issues are identified and addressed. Provide clear communication on performance evaluation and career development. Ensure that policy/procedural changes are clearly communicated to staff on a proactive and timely basis. Develop policies and implement procedures to ensure External Regulatory Reports are prepared in compliance with reporting standards and filed in a timely manner. Coordinate the compilation of regulatory report instructions, guidance and reference materials. Develop reporting policies that ensure compliance with reporting instructions, identify reporting sources and outline procedures used to complete the reporting process. Implement procedures that ensure compliance with the rules and standards issued by the regulatory agencies for accurate completion of regulatory reports. Review completed reports for technical accuracy, completeness and historical comparability. Consult with organization members to provide technical regulatory guidance and gain an understanding of new business activities that may impact Regulatory Reporting. Participate in organizational projects related to new business activities and proactively engage others to gain an understanding of existing business processes. Provide Regulatory Reporting guidance to organizational projects and to seek automation in the reporting process. Review technical regulatory subject matter to serve as the organization's Regulatory Reporting subject-matter expert. Monitor the regulatory agencies websites for emerging issues, regulatory and supervisory updates and new regulatory opinion letters. Review proposed regulatory reporting changes in order to provide comments on the application of the proposals to the organization. Responsible for developing and maintaining appropriate relationships with the Regulatory Agencies. Ensure effective communication is maintained between the regulatory staff and the Agencies. Ensure that Agency inquiries are promptly responded to and technical issues are communicated to the Agencies for interpretation and opinion. Assist in Regulatory Examinations by providing historical data, work-papers and detailed explanations when applicable. SUPERVISORY RESPONSIBILITIES: Responsible for providing employees timely, candid and constructive performance feedback; developing employees to their fullest potential and provide challenging opportunities that enhance employee career growth; developing the appropriate talent pool to ensure adequate bench strength and succession planning; recognizing and rewarding employees accomplishments. MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED: Bachelor's Degree in Accounting, Finance or Economics, or equivalent work experience required. CPA Required. Minimum of 10 years of accounting related experience. Banking or accounting related experience required. Supervisory experience preferred. Proficient in spreadsheet applications such as Excel, Microsoft Word, etc. Demonstrate ability to learn and understand mainframe systems. Excellent communications, organization and follow up skills. Excellent people/relationship building skills. #LI-BP1 Regulatory Reporting Manager At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day. The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance. Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner. LOCATION -- Cincinnati, Ohio 45202 Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes – no matter how they are submitted – will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee. Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status. Introduce yourself to our team to stay connected on future opportunities. We look forward to finding the right place for you. Are you ready to take the next step? Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust.
