Consumer Risk Lending Auth/Audit Liaison Job Details
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| Consumer Risk Lending Auth/Audit Liaison (Ref: 97666) |
| Sector, Sub Sector: |
Other
|
| Compliance Type: |
Regulatory/Compliance
|
| Expertise: |
-
|
| Company: |
Fifth Third Bank
|
| Location: |
Cincinnati
,
Ohio
Americas, United States
|
| Employment Type: |
Permanent
|
| Job Description: |
GENERAL FUNCTION: Responsible for being the key management contact interacting with regulatory agencies and internal audit and their respective personnel to ensure appropriate communication and timely response to regulatory requests and commitments for Consumer Credit Risk. Management of internal personnel through ongoing communication and strategic thinking is critical to this role. Responsible for managing lending authority across the Consumer and Mortgage Lines of Business to ensure that adequate authority is assigned and monitored. ESSENTIAL DUTIES AND RESPONSIBILITIES: * Responsible for all initial contact regarding requests for information, both verbal and electronic, from a regulatory agency (namely the Federal Reserve and the OCC) for Consumer Credit Risk. * Communicate with the regulatory agency to determine the nature and appropriateness of the request, timelines for submission of information and the identification of proper contacts within the line of business/functional area. * Archive all data in a secure location, ensure all requested information is included in the submission and forward the data directly to the regulator via secure e-mail or other means. * Manages any meetings with regulatory agencies to ensure the appropriate representatives are present. * Manage the examination for the lines of business/functional area. This includes receipt of the first day letter directly from the regulatory agency, communication of the request to the line of business/functional area, verification of proper request item ownership, and completion and timely submission to the regulatory agency. * Manage the examination kick-off and exit meetings. Either the RRM or his/her manager will attend all kick-off and exit meetings and will assist as needed with kick-off meeting presentation content and assessment. * Critique and provide exam responses to regulatory agency upon review and discussion with the line of business management team and risk management. * Monitor outstanding issues for the Consumer Credit Risk Department to ensure closure forms are accurate and completed in a timely manner and that all appropriate signatures are obtained. * Provide quarterly updates to Federal Regulators on the status of Credit Risk; provide an update on the portfolio performance, and Consumer Bank and Risk Management division enhancements. * Manage lending authority across the Consumer and Mortgage Lines of Business. Set lending limits dependent on position, approve all Consumer and Mortgage employees with lending authority, provide quarterly reviews, and ongoing monitoring of authority. * Partner with the Line of Business to ensure that lending authority limits are adequate, authority administered in appropriate fashion and that violations of lending policy are addressed. * Work closely with the Quality Control department and Human Resources to ensure that continued violations of policy and lack of quality in files has adequate consequences to individuals lending authority. SUPERVISORY RESPONSIBILITIES: None Experience MINIMUM KNOWLEDGE & SKILLS REQUIRED: * Bachelor's Degree in a business related area or equivalent work experience. * 5 years experience in credit risk or related business experience. * Strong facilitation and presentation skills and ability to build client relationships required. * Proficiency with MS Office applications and data base reporting/management preferred. * Excellent project management, analytical, interpersonal, communications and presentation skills.
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| Job Ref No: |
97666
|
