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GENERAL FUNCTION: Position is responsible for the pricing and risk strategies; focusing on bringing data-driven decisions to life. In addition, they will build out testing strategies, valuation structures and create ecosystems that will monitor and react to the various KPIs and risks. In addition, the analysts will work across the organization with other key team members to bring their strategies to life, working closely with senior leadership.
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:
- Perform analyses and build models to launch new product, risk and pricing strategies for Solar and Home Improvement lending products
- Drive step-change improvements in credit performance by analyzing historical loan data, develop risk scorecards, and testing hypotheses using rigorous monitoring and analysis
- Develop the ecosystem that delicately and proactively manages the risk between the installer/contractors and end consumers
- Establish, document, and formalize processes and controls to drive greater operational efficiencies and excellence for critical initiatives and deliverables. Address risk and opportunities and existing procedures
- As a key member of the Risk and Strategy organization, work closely with Technology, PMO, and Operations to scope operational feasibility, lead implementation efforts and launch MVP iterating quickly as we get more learnings and market feedback
- Conduct ad-hoc deep-dive analyses for senior leadership to drive strategic business decisions
- Support existing Solar products through improved risk policies and valuations methodologies
- Develop next generation of Home Improvement offerings through both product, pricing, and strategic levers
- Work with onsite and offshore vendor partners in the execution of data projects
MINIMUM KNOWLEDGE AND SKILLS REQUIRED:
- Bachelors or Masters in STEM or Economic background preferred with a focus on hypothesis and data driven solutions or equivalent work experience
- 2+ years of experience in Credit Risk, Operations Analytics, Modeling/Data Science or related field
- Highly proficient in SAS/R/Python and SQL along with advanced MS EXCEL skills, pivot tables, etc., preferably include VB / macro writing.
- Ability to manipulate large datasets. Strong understanding of A/B Test and Control methodologies
- Ability to communicate complex ideas as simple, easy to understand concepts; ability to present effectively to both business and technical audiences at all levels of the organization
- Ability to effectively manage multiple tasks with challenging deadlines and priorities
- Build partnerships, collaborate, and influence at senior levels and across the business
At Fifth Third Bank, we understand the importance of rewarding our employees for their hard work and dedication, therefore, our Total Rewards offering includes a differentiated compensation package and comprehensive benefits.
Benefits:
Our benefits programs are designed to support the health, happiness, and financial well-being of our employees and their families. Your benefits will include access to comprehensive medical, dental, and vision coverage, a 401(k) plan and employee stock purchase plan that both offer a generous employer match, flexible paid time off, comprehensive leave programs, and unique benefits to support your overall mental and physical wellness. For additional details, please contact your recruiter.
The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the US. 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.
Dividend, Risk and Strategy Analyst II
Total Base Pay Range 69,800.00 - 143,100.00 USD Annual
LOCATION -- Chicago, Illinois 60611
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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