Financial Crimes Officer I
Fifth Third Bank
- Cincinnati, OH
- Permanent
- Full-time
- Participates in the analysis, update, and implementation of financial crimes policies, procedures, and processes.
- Develop strengthen, and/or implement department and and cross-department business unit policies, procedures, and processes. As well as, ensuring these are in compliance with existing laws and regulations, including governance, policies and procedures, monitoring, reporting, communications, and education, where appropriate.
- Identifies opportunities, establishes action plans, and drives solutions to continuously improve financial crimes policies, procedures and tools, and increase efficiency.
- Monitors financial crimes-related regulatory and industry developments and provides input to department and cross-department teams regarding emerging issues and interpretation of regulations .
- Proactively research specific issues relating to financial crimes risk and develops action plans, as needed, to mitigate identified risks.
- Prepares materials for Council, Committee and other financial crimes oversight meetings.
- Develop and deliver reports to senior management.
- Communicates significant issues to senior management.
- Assist in closing regulatory, audit and self-identified financial crimes-related program deficiencies and other issues.
- Assess the adequacy of the business units'/affiliates recommended corrective action to issues or gaps identified and support post-implementation validation of any implemented changes.
- Participates and/or leads regular meetings with peers to build and maintain knowledge of current and emerging issues and risk in the financial crimes environment.
- Work with line of business team members to identify and remediate financial crimes risk.
- Contribute updates to the financial crimes risk assessment.
- Facilitates, leads, or assists with financial crimes training.
- Assists in the review of new products and services for financial crimes risk.
- Recommends solutions based upon subject matter expertise.
- Contributes or leads the completion of special projects related to financial crimes.
- Builds industry relations through industry networking.
- Areas of responsibility and accountability within financial crimes may Include: BSA/AML, Economic Sanction and Fraud. These responsibilities may include tools and processes used internally by financial crimes teams or line of business processes and tools.
- Strong subject matter expert in appropriate financial crimes laws, regulations, and guidance.
- Education: Bachelor's degree or equivalent work experience required.
- Five + years’ experience as Officer or equivalent work experience.
- Computer[CA4] /Technical: Demonstrates working or functional proficiency sufficient to apply the use of software applications (Micro-Soft Office Suite) without assistance and minimal supervision.
- Advanced understanding of Fifth Third Banking products, business lines, Affiliate structure and operations, and Corporate support organization. Including, the Bank's management teams and decision-making operations.
- Excellent oral and written communication skills. Effectively communicates upward, downward and laterally. Displays a positive business presence with management and external contacts.
- Must be able to demonstrate sound judgment and apply logical and critical thought processes when developing and recommending solutions.
- Normal office environment with little exposure to dust, noise, temperature and the like.