Audit Associate II - Wealth and Asset Management

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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 Internal Audit team to support our Wealth and Asset Management processes. This role will be responsible for a range of audit work across the Wealth and Asset Management business line, including coverage of the fiduciary audit plan, trust administration, asset management, investments, and supporting operations processes, as well as coverage of other functions such as brokerage and Registered Investment Advisors (RIAs). The ideal candidate would have an understanding of fiduciary requirements and/or wealth management business processes. In addition, the candidate will need to exhibit strong technical and communication skills necessary to navigate a complex environment and cultivate strong partnerships with key stakeholders. Team members should maintain or be willing to actively work on pursuing a relevant certification, such as CPA, CIA or CFIRS.

POSITION DESCRIPTION

The Audit Project Manager I, conducts end-to-end business process audits for various business/functional areas within the Bank, including areas such as operations; finance/accounting; development, implementation and ongoing delivery of products, processes and services; and/or review of the technology, infrastructure and/or governance related to the business processes. 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.

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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, focus on accounting, finance, economics, or similar discipline is preferred.

• Professional certification, such as CPA, CIA, or CFIRS, 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.

This position will be posted through 4/30.

Audit Associate II - Wealth and Asset Management

Total Base Pay Range 53,200.00 - 101,300.00 USD Annual

LOCATION -- Virtual, New Jersey 00000

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.

Introduce yourself to our team to stay connected on future opportunities. We look forward to finding the right place for you. Are you ready to take the next step?

Fifth Third Bank, National Association is one of the top-performing banks in the country, with a history that spans more than 150 years. We've staked our claim on looking at things differently to make banking a Fifth Third better. This applies to our relationships with customers and employees ~~~ employ about 18,000 people while offering:- A chance for employees to build their future, with supportive career development and comprehensive health and financial wellness programs.- An environment where we win together by celebrating achievements and working collaboratively.- An opportunity to make a difference in a positive and lasting way. Everything we do is geared toward improving ~~~'re proud that Fifth Third is a warm and caring place to grow - as a customer and as a team member.