Regional Fiduciary Executive

Location: Cincinnati
Posted on: November 20, 2024

Job Description:

GENERAL FUNCTION: Lead fiduciary decision making for an Investment Management & Trust (IM&T) region of the bank. Assist in driving consistent fiduciary behavior within the IM&T book of business and ensuring compliance with regulatory and legal guidelines.

DUTIES AND RESPONSIBILITIES: * Lead fiduciary decision-making for an IM&T region of the bank by: o Acting as a voting Member and Secretary of the respective Regional Private Bank Committee. o Representing the region on the PB IM&T Committee. o Providing document interpretation. o Providing fiduciary consulting to local trust officers within the region. o Representing the region''s opinion in national projects, policy changes and product discussions. * Assist in driving consistent fiduciary behavior within the IM&T book of business by: o Facilitating document interpretation and consistent decision-making across all regions by working with other Regional Fiduciary Executives and Private Bank Legal Counsel. o Working with product management, risk, compliance, and training to ensure all affiliates have a consistent understanding. o Interpreting policies and procedures, regulations and documents consistently by participating in regular meetings with the other Regional Fiduciary Executives and Private Bank Legal Counsel. o Assisting local IM&T offices in resolving compliance, audit and regulatory exceptions. o Executing strategic and tactical programs to address and resolve current issues and evolving risks and other exposures to the Bancorp in partnership with other Regional Fiduciary Executives. * Help manage risk and legal work load by partnering with Private Bank Legal Counsel and risk when threats are made or lawsuits filed. * Maintain a working knowledge of the appropriate laws, regulations, Private Bank policy and procedures, and Fifth Third Bancorp policies. * Provide leadership in developing recommendations and action plans to eliminate or mitigate observed risks. * Understand the organizational structure, key management personnel, and primary objectives of the IM&T business of Fifth Third Bank. * Become aware of the issues and concerns of outside regulatory bodies, business line self-assessments, and Internal Audit, and their impact on the business line. * Develop and maintain knowledge on existing and emerging issues within the IM&T industry and apply this knowledge for the benefit of the Bancorp. * Partner with business line personnel to champion the implementation of initiatives in products and policies, including the participation in training of IM&T personnel. * Determine process gaps/variations that could lead to opportunities to improve controls, reduce costs, or enhance customer service. * Establish, foster, and maintain working relationships with peers and line management within the business unit to support an effective workflow and continuous improvement ethic. * Develop working relationships with Senior Management and business line personnel as appropriate. * Personally initiate formal and informal communication at appropriate levels across the Bancorp.

SUPERVISORY RESPONSIBILITIES: None

Keywords: , Cincinnati , Regional Fiduciary Executive, PR / Public Relations , Cincinnati, Ohio