Senior Analyst, Third Party Oversight

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. This position requires permanent work authorization in the U.S. and is not eligible for visa sponsorship or transfer, now or in the future. General Function As the first line of defense, this function provides support for the execution of holistic outsourcing strategies and manages onboarding for assigned Line of Business (LOB) third‑party relationships. Works with the LOB service owner and key business partners to ensure the risk associated with a third‑party relationship is appropriately documented and assessed. Accuracy of this assessment drives appropriate control reviews and contractual language. Manages the third‑party due diligence engagement pipeline; ensuring timely completion and complete reviews are done. 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 ensuring 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. Duties & Responsibilities Ensure that the LOB has an understanding of the due diligence processes that will be required for their project; including identification of the vendor classification. Facilitate the third‑party due diligence process for new engagements, changes in scope, and relationships, when applicable, in conjunction with the Third Party Management Due Diligence team to ensure completion of the DDR review within published SLAs. Manage follow up and action items identified during review and assigned to the third party, LOB service owner, and risk experts. Ensure that the appropriate ancillary contract clauses needed based on scope of the vendor services are provided to the appropriate Procurement partner for inclusion in Third Party Agreements. Ensure that all stakeholders have a clear understanding of what is expected of them through the onboarding process, including providing pipeline reporting stakeholders to ensure they are prepared for requests in advance of when they are made. Participate in assigned Procurement POD meetings and disseminate information as appropriate to Third Party Oversight partners and other key business partners. Provide status updates to Procurement PODs and LOB service owners to keep all levels of management and internal partners abreast of DDR status, open action items, and potential risks identified during due diligence. Acts in triage role for risk acceptance process when necessary. Provides LOBs with necessary IRQ and Due Diligence Review training. Performs IRQ review, challenge, and approval for applicable engagements and relationships. Assists with other necessary follow up on due diligence and oversight activities; including creation and distribution of reporting. Supervisory Responsibilities None Minimum Knowledge, Skills And Abilities Required Bachelor's Degree or equivalent and 2‑4 years Vendor or Risk Management experience preferred. Basic understanding of Vendor Management methodologies, negotiations and business processes. Proven ability to multi‑task and prioritize work to deliver on time and help meet project deadlines. Desire to learn new processes, tools, and techniques. Flexibility during organizational and/or business changes. Strong interpersonal and relationship building skills. Critical listening and thinking skills. Attentive to details, accurate and well organized. Ability to navigate complex organizations. Effective written and verbal communication skills. Hands on proficiency in Microsoft Office tools, including Project, Word, PowerPoint, Visio and Excel. Ability to work independently to set and manage plans and to work within a team environment. Decision making/problem solving skills. Position Title Senior Analyst, Sourcing Location Cincinnati, Ohio 45202 EEO Statement 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. #J-18808-Ljbffr Fifth Third Bank