FIFTH THIRD BANCORP (FITB)
Sector: Financials
Sector: Financials
FIFTH THIRD BANCORP - Executive Compensation
Executive Vice President and Chief Risk Officer
Executive Compensation
Robert P. Shaffer serves as Executive Vice President and Chief Risk Officer at Fifth Third Bancorp, where he leads the enterprise-wide risk management function. With over 25 years of experience in the financial services industry, Shaffer is responsible for overseeing all aspects of risk, including credit, market, operational, compliance, and strategic risks. His strategic oversight ensures the company maintains robust risk frameworks that support sustainable growth while navigating complex regulatory environments and economic challenges. Shaffer joined Fifth Third in 2000, progressing through key leadership roles in credit risk management, commercial lending, and enterprise risk. Prior to his current position, he served as Senior Vice President of Credit Risk Management, where he played a pivotal role in strengthening the bank's credit portfolio during the 2008 financial crisis. His achievements include implementing advanced data analytics and stress-testing models that enhanced risk predictability, earning recognition from regulatory bodies such as the Federal Reserve for exemplary risk governance practices. Under Shaffer's leadership, Fifth Third has consistently achieved strong risk-adjusted performance metrics, contributing to the bank's reputation as a top-tier regional financial institution. He holds a Bachelor of Science in Finance from the University of Cincinnati and an MBA from Xavier University, and he actively serves on industry boards focused on risk management innovation.