Audit Project Manager - Regulatory Compliance
Company: Fifth Third Bank
Location: Louisville
Posted on: October 7, 2024
Job Description:
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.GENERAL FUNCTION:Fifth Third Bank's Audit Division is
responsible for performing independent, objective assurance
activities for the Bank's key business processes, products,
services and technologies, as well as governance, oversight and
monitoring functions of management and support functions.TEAM
DESCRIPTION: We are seeking an individual to join our growing
Internal Audit team supporting Regulatory Compliance processes.
This role will be responsible for a range of audit work across the
second line of defense testing, monitoring and oversight functions.
The candidate will need to exhibit broad working knowledge of
consumer banking products and operations, as well as the regulatory
requirements for financial institutions. The ideal candidate will
have hands-on experience identifying and assessing credit,
operational, compliance, and reputational risks across a variety of
business functions, evaluating the design of processes and
controls, and leading/executing large-scale and complex audits.In
addition, the candidate will need to exhibit strong technical and
communication skills necessary to navigate a highly complex
environment and cultivate strong partnerships with key
stakeholders. Team members should maintain or be willing to
actively work to pursue the Certified Regulatory Compliance Manager
(CRCM) certification or other relevant certifications.POSITION
DESCRIPTION: The Audit Project Manager I conducts end-to-end
business process audits for various business/functional areas
within the Bank. Audits are performed in a team environment under
the guidance of the Audit Manager. Responsibilities include
developing and executing audit planning, fieldwork, reporting and
wrap-up activities on each engagement in accordance with
established standards. Individuals in this role may work as an
individual contributor or start to lead engagements with 1-4
auditors. In some instances, may act as deep subject matter expert
on a key area or function of the Bank. 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 ensure 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 & RESPONSIBILITIES:
- Ensure execution of all audit activities in the planning,
testing, reporting and wrap up phases in compliance with the Audit
Division's methodology /standards and within the timeframes to
support department metrics.
- Collaborate with Audit team members to plan audit projects,
develop risk and control assessments, develop work programs and
other deliverables of audit work.
- Lead the audit team in documenting business processes and
technology management processes related to the entity being
audited. Execute testing of controls to assess adequacy of control
design and operational effectiveness in managing risk.
- Demonstrate and apply strong project management skills. Ensure
accountability and high quality by directing daily progress of
fieldwork, informing managers and clients of audit status, and
supervising staff performance, when necessary.
- Use knowledge of risk and control concepts and industry trends
to identify control deficiencies and recommendation process
improvement ideas. Lead audit and regulatory issue follow-up
processes.
- Review audit workpapers and provide coaching feedback on work
prepared by staff auditors.
- Prepare audit report draft; ensuring that all areas of audit
process and results have been addressed and documented in
accordance with defined standards.
- Communicate information to management through periodic update
meetings, presentations, and internal audit reports.
- Establish, foster and maintain working relationships with peers
and supervisory management within the business line and
cross-functional lines to support an effective workflow and
continuous communications. Deliver value to internal and external
customer.
- Assist in the identification and continuous monitoring of risks
and other potential exposures to the Bancorp. Assist in the
execution of continuous monitoring activities that effectively
assesses changing risk and the impact on internal controls and
planned audit activities.
- Develop line of business and industry knowledge base and
expertise to keep current on existing and emerging issues; apply
this knowledge for the benefit of the Bank's risk-based audit
program.
- Drive your career by understanding performance expectations and
requesting and acting upon feedback; establish and execute a
Development Plan.
- Participate in departmental processes and initiatives,
including employee-focused processes that promote resource
development. Assist management in continuous improvement of the
audit function through special projects and process development
activities.
- Contributes to team effort by willingly sharing knowledge;
being open to new ideas; applying knowledge in daily work; and
building strong partnerships for learning and knowledge
sharing.
- Perform other tasks as assigned.SUPERVISORY RESPONSIBILITIES:
Begin to lead and develop staff auditors to ensure optimal
performance in meeting the Audit Division's goals and objectives.
Assist in development of peers and staff by participating in, and
leading, mentoring and education programs that give employees
exposure to audit processes, business knowledge, and technology.
Responsible for the day-to-day supervision of assigned staff
auditors, including: active coaching, optimum utilization,
identification of challenging work assignments and mentoring.
Provide timely and effective feedback throughout the audit. Assist
in development of peers and staff by participating in, and leading,
mentoring and education programs that give employees exposure to
audit processes, business knowledge, and technology.MINIMUM
KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:
- Four+ years Fifth Third Audit or large public accounting firm
experience; or Five+ years of general industry audit experience
required. Supervisory experience required. Banking or financial
services experience preferred.
- Bachelor's degree required. Disciplines in Accounting, Finance,
Data Analytics, Technology or Business-related field preferred.
Should be accompanied with relevant experience in corporate or
public firm.
- Professional certification, such as CRCM, CPA, or CIA
preferred.
- Proficient with MS-Windows and other related office
applications.
- Excellent written and oral communication skills required.
- Demonstrates leadership, coaching and project management
skills.
- Must be results and goal oriented, possess sound judgment and
ability to apply logical/critical thought processes when developing
business solutions.
- Demonstrates ability to work in a team environment and display
a positive business presence and sound judgment with management and
external personnel.
- Must be able to maintain independence and objectivity in all
aspects of position.#LI-BP1Audit Project Manager - Regulatory
ComplianceLOCATION -- Cincinnati, Ohio 45202Fifth 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.
Keywords: Fifth Third Bank, Louisville , Audit Project Manager - Regulatory Compliance, Accounting, Auditing , Louisville, Kentucky
Didn't find what you're looking for? Search again!
Loading more jobs...