As first line of defense, conducts analysis related to identifying, assessing, mitigating, and ... Supports Business Controls in advancing risk management, structure, processes, and tools in support ...
As first line of defense, conducts analysis related to identifying, assessing, mitigating, and ... Supports Business Controls in advancing risk management, structure, processes, and tools in support ...
As a Strategic Analytics Associate in Business Banking Risk, you will generate data-driven insights and recommendations that inform strategy development, implementation, and performance monitoring ...
As a Strategic Analytics Associate in Business Banking Risk, you will generate data-driven insights and recommendations that inform strategy development, implementation, and performance monitoring ...
Fraud, Operations, People, Security of Physical Assets, Third Party, Business Resiliency, Systems ... Lead Analyst include working with business lines and other Risk, Compliance, and Audit ...
Fraud, Operations, People, Security of Physical Assets, Third Party, Business Resiliency, Systems ... Lead Analyst include working with business lines and other Risk, Compliance, and Audit ...
Credit and Risk Manager
Cincinnati, OH · On-site
Reviews credit information and makes decisions related to credit limits and credit holds for existing customers while balancing business risk * Analyze portfolio level information to identify and ...
Credit and Risk Manager
Cincinnati, OH · On-site
Reviews credit information and makes decisions related to credit limits and credit holds for existing customers while balancing business risk * Analyze portfolio level information to identify and ...
Credit and Risk Manager
Cincinnati, OH · On-site
Reviews credit information and makes decisions related to credit limits and credit holds for existing customers while balancing business risk * Analyze portfolio level information to identify and ...
Credit and Risk Manager
Cincinnati, OH · On-site
Reviews credit information and makes decisions related to credit limits and credit holds for existing customers while balancing business risk * Analyze portfolio level information to identify and ...
Market Risk Oversight Analyst
Columbus, OH · On-site
$74K - $93K/yr
Analyze and report key risk metrics in accordance with Commercial Risk Policy, including: * Daily ... Minimum of 3 years of relevant experience; (or) Master's degree/MBA/CFA with at least 2 years of ...
Market Risk Oversight Analyst
Columbus, OH · On-site
$74K - $93K/yr
Analyze and report key risk metrics in accordance with Commercial Risk Policy, including: * Daily ... Minimum of 3 years of relevant experience; (or) Master's degree/MBA/CFA with at least 2 years of ...
As a Risk Summer Analyst in Asset & Wealth Management, you'll have the resources you need to ... Develop innovative ideas to help our business. * Network with industry leaders, access best-in ...
As a Risk Summer Analyst in Asset & Wealth Management, you'll have the resources you need to ... Develop innovative ideas to help our business. * Network with industry leaders, access best-in ...
Participate in risk profile assessments, contributing analysis and business commentary for internal risk forums, leadership updates, and governance reporting * Review and assess risk acceptance ...
Participate in risk profile assessments, contributing analysis and business commentary for internal risk forums, leadership updates, and governance reporting * Review and assess risk acceptance ...
As a Risk Summer Analyst in Asset & Wealth Management, you'll have the resources you need to ... Develop innovative ideas to help our business. * Network with industry leaders, access best-in ...
As a Risk Summer Analyst in Asset & Wealth Management, you'll have the resources you need to ... Develop innovative ideas to help our business. * Network with industry leaders, access best-in ...
As a Risk Summer Analyst in Asset & Wealth Management, you'll have the resources you need to ... Develop innovative ideas to help our business. * Network with industry leaders, access best-in ...
As a Risk Summer Analyst in Asset & Wealth Management, you'll have the resources you need to ... Develop innovative ideas to help our business. * Network with industry leaders, access best-in ...
Participate in risk profile assessments, contributing analysis and business commentary for internal risk forums, leadership updates, and governance reporting * Review and assess risk acceptance ...
Participate in risk profile assessments, contributing analysis and business commentary for internal risk forums, leadership updates, and governance reporting * Review and assess risk acceptance ...
Works to minimize risk through the continuous monitoring, testing and analysis of programs risk ... Bachelor's degree in Business Administration or related field. Licenses/Certifications: Experience:
Quick apply
Works to minimize risk through the continuous monitoring, testing and analysis of programs risk ... Bachelor's degree in Business Administration or related field. Licenses/Certifications: Experience:
Works to minimize risk through the continuous monitoring, testing and analysis of programs risk ... Bachelor's degree in Business Administration or related field. Licenses/Certifications: Experience:
Works to minimize risk through the continuous monitoring, testing and analysis of programs risk ... Bachelor's degree in Business Administration or related field. Licenses/Certifications: Experience:
Market Risk Oversight Analyst
Columbus, OH · On-site
$74K - $93K/yr
Analyze and report key risk metrics in accordance with Commercial Risk Policy, including: * Daily ... Minimum of 3 years of relevant experience; (or) Master's degree/MBA/CFA with at least 2 years of ...
Market Risk Oversight Analyst
Columbus, OH · On-site
$74K - $93K/yr
Analyze and report key risk metrics in accordance with Commercial Risk Policy, including: * Daily ... Minimum of 3 years of relevant experience; (or) Master's degree/MBA/CFA with at least 2 years of ...
Works to minimize risk through the continuous monitoring, testing and analysis of programs risk ... Bachelor's degree in Business Administration or related field. Licenses/Certifications: Experience:
Works to minimize risk through the continuous monitoring, testing and analysis of programs risk ... Bachelor's degree in Business Administration or related field. Licenses/Certifications: Experience:
Risk identification, analysis, tracking, monitoring, documenting exceptions, and communicating ... business; * risk evaluation, which involves comparing estimated risks with criteria established by ...
Risk identification, analysis, tracking, monitoring, documenting exceptions, and communicating ... business; * risk evaluation, which involves comparing estimated risks with criteria established by ...
Fraud Risk Analytics Manager
Cleveland, OH · Hybrid
$105K - $130K/yr
... strong analytical rigor, and the courage to challenge existing approaches while delivering ... This individual will partner closely with business leaders, first- and second-line risk teams ...
Fraud Risk Analytics Manager
Cleveland, OH · Hybrid
$105K - $130K/yr
... strong analytical rigor, and the courage to challenge existing approaches while delivering ... This individual will partner closely with business leaders, first- and second-line risk teams ...
Fraud Risk Analytics Manager
Mason, OH · Hybrid
$105K - $130K/yr
... strong analytical rigor, and the courage to challenge existing approaches while delivering ... This individual will partner closely with business leaders, first- and second-line risk teams ...
Fraud Risk Analytics Manager
Mason, OH · Hybrid
$105K - $130K/yr
... strong analytical rigor, and the courage to challenge existing approaches while delivering ... This individual will partner closely with business leaders, first- and second-line risk teams ...
Fraud Risk Analytics Manager
Cleveland, OH · Hybrid
$105K - $130K/yr
... strong analytical rigor, and the courage to challenge existing approaches while delivering ... This individual will partner closely with business leaders, first- and second-line risk teams ...
Fraud Risk Analytics Manager
Cleveland, OH · Hybrid
$105K - $130K/yr
... strong analytical rigor, and the courage to challenge existing approaches while delivering ... This individual will partner closely with business leaders, first- and second-line risk teams ...
Fraud Risk Analytics Manager
Mason, OH · Hybrid
$105K - $130K/yr
... strong analytical rigor, and the courage to challenge existing approaches while delivering ... This individual will partner closely with business leaders, first- and second-line risk teams ...
Fraud Risk Analytics Manager
Mason, OH · Hybrid
$105K - $130K/yr
... strong analytical rigor, and the courage to challenge existing approaches while delivering ... This individual will partner closely with business leaders, first- and second-line risk teams ...
Business Risk Analyst information
See Ohio salary details
$17.60 - $22.87
2% of jobs
$22.87 - $28.15
14% of jobs
$29.91 is the 25th percentile. Wages below this are outliers.
$28.15 - $33.43
28% of jobs
The median wage is $35.69 / hr.
$33.43 - $38.71
15% of jobs
$38.71 - $43.98
6% of jobs
$48.78 is the 75th percentile. Wages above this are outliers.
$43.98 - $49.26
11% of jobs
$49.26 - $54.54
11% of jobs
$54.54 - $59.81
8% of jobs
$59.81 - $65.09
4% of jobs
$65.09 - $70.37
0% of jobs
$70.37 - $75.64
0% of jobs
$17
$41
$75
How much do business risk analyst jobs pay per hour?
What are some common challenges a Business Risk Analyst faces when assessing risks across multiple departments?
What is the difference between Business Risk Analyst vs Credit Analyst?
| Aspect | Business Risk Analyst | Credit Analyst |
|---|---|---|
| Required Credentials | Bachelor's degree in finance, economics, or related field; certifications like FRM or CRM | Bachelor's degree in finance, accounting, or related; certifications like CFA or credit-specific courses |
| Work Environment | Corporate offices, consulting firms, financial institutions | Banks, lending institutions, financial services |
| Employer & Industry Usage | Used across industries to assess overall business risks | Primarily in banking and lending sectors to evaluate creditworthiness |
The main difference is that Business Risk Analysts focus on assessing overall risks facing a business, including market, operational, and strategic risks, while Credit Analysts specifically evaluate the creditworthiness of individuals or companies to determine loan eligibility. Both roles require similar financial knowledge and certifications but serve different purposes within financial and business risk management.
What is a Business Risk Analyst?
What are the key skills and qualifications needed to thrive as a Business Risk Analyst, and why are they important?
Full-time
Posted 29 days ago
Fifth Third Bank rating
7.5
Based on 109 frontline employees who took The Breakroom Quiz
87th of 141 rated banks
Job description
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:
As first line of defense, conducts analysis related to identifying, assessing, mitigating, and managing risks necessary to comply with new or changing laws, regulations, regulatory guidance, and best practices deemed necessary by key stakeholders (such as Legal, Compliance, Enterprise Risk and Audit partners). Supports Business Controls in advancing risk management, structure, processes, and tools in support of the organization's Enterprise Risk Management (ERM) framework. Transforms data into business intelligence by developing and presenting information and insights to stakeholders. Monitors and manages risks to ensure compliance and validation of program effectiveness with assigned line of business or functional area, and Bancorp initiatives.
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 and LOB's risk appetites, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Assists business controls leadership with the development of complex strategies and the implementation of controls, policies, and procedures to increase effectiveness and efficiency related to the respective business or functional area.
- Provides relevant expertise and analysis to stakeholders related to the identification, assessment, control, monitoring, testing and reporting of risks.
- Investigates and assists in root cause analysis in instances of actual or potential operational loss.
- Gathers and integrates information.
- Identifies the need for and collects information to better understand issues, problems, and opportunities; integrates information from a variety of sources; and detects trends, associations, and cause-effect relationships.
- Leverages expertise and stays informed of industry best practices and regulations to ensure compliance with all applicable laws, standards, and requirements, including, but not limited to, OCC Heightened Standards.
- Supports the resolution of internal audit, compliance, or risk management related issues that could impact the classification, availability, or integrity of data or processes.
- Highlights control breakdowns, inadequate processes, and unexpected events. Implements corrective actions in partnership with Business Controls leadership to address process and control deficiencies.
- Builds effective relationships with other internal business control groups and the second and third lines of defense (such as Legal, Compliance, Enterprise Risk, and Audit).
- Collaborates with groups responsible for ensuring adequate information barriers are established, and the Bank's compliance with policies and processes are in place in order to control the flow of certain information.
- Serves as an analytical and procedural expert to peers on cross-functional processes or project deliverables.
- Assists with execution of regulatory change management program to ensure applicable regulatory changes are identified, assessed against business processes, reported, and complied with.
- May, if applicable, assist in the external change management for credit bureau working with centralized team and business control managers as build out testing.
- Assists in identifying operational risks in accordance with the ERM, ensuring that adequate internal controls are in place to mitigate risks of all types.
- Partners with business managers in implementing remediation actions per the Bancorp issues management framework; coordinates business ownership of processes, risks, controls, and tests.
- Serves as coordinator for updates to data in archive systems (e.g., Open Pages, PPM, etc.).
- Conducts RCSA facilitated sessions where risks and controls are rated.
- Partners with Support Functions or Risk Experts to identify applicable Enterprise and Risk Appetite indicators and determine which will be designated "Key".
- Collaborates with LOB on threshold evaluation and proposed changes; enter proposed indicators and changes in the GRC tool.
- May assist in the determination of identifying loss events with applicable RCSA risks/processes.
- May assist in the coordination root cause analysis, action plan evaluation with LOB and monitor action plan implementation.
- Provides oversight to overall LOB Supplier/Outsourcing strategy and Review LOB business case for outsourcing & challenge.
- Participates in escalated issues that impact LOB process & involve Supplier(s) where applicable.
- Works with LOB to identify initial set of inherent risks and controls.
- Identifies applicable governance processes and may complete control implementation.
- Actively participates in issue remediation.
- Executes on ERM Scenario Analysis risk management program.
- Develop and manage product inventory and execute on ERM product risk review program.
- May have additional responsibilities as assigned by LOB/Function leadership and Risk, including but not limited to:
- Assistance with new government programs or special internal projects.
- Assistance with new risk programs required by regulatory authorities or ERM.
- Assistance with diligence, closing, and other matters relating to acquisitions and strategic investments.
MINIMUM KNOWLEDGE AND SKILLS REQUIRED:
- Bachelor's degree or equivalent experience required (related field preferred). Master's degree in relevant field preferred.
- 5 + years of financial services industry, risk, business controls or compliance experience preferred.
- Professional verbal and written communication skills and the ability to communicate with discretion and understanding when confidentiality is needed.
- Must be analytical and possess ability to interpret and apply policies and regulations across a complex business.
- Must proactively identify opportunities and take action to build trusting strategic internal and external relationships and networks.
- Must be approachable, collaborative, and have the ability to influence others through interpersonal skills, thrive in a fast-paced dynamic environment, and be comfortable quickly shifting priorities on short notice.
- Working knowledge of Microsoft Office products required.
- Ability to work with minimal supervision.
- For Investment Advisors: FINRA Series 7 and 63/66 licenses preferred. Knowledge of the Securities industry and SEC / FINRA regulations is preferred.
Business Controls Senior Associate - IT Risk
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 45227
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.
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About Fifth Third Bank
Sourced by ZipRecruiter
Fifth Third Bank, National Association established in 1858, is a diversified financial services company headquartered in Cincinnati, Ohio. Fifth Third is among the largest money managers in the Midwest. It operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management.
Industry
Finance and insurance
Company size
10,000+ Employees
Headquarters location
Cincinnati, OH, US
Year founded
1858