Fifth Third Bank Compliance Officer I.Financial Crimes Compliance in Cincinnati, Ohio
Fifth Third Bank is one of the top-performing banks in the country, with a heritage that spans more than 150 years. We've staked our claim on looking at things differently to making banking a Fifth Third Better. This applies to our relationships with customers and employees alike.
We employ about 18,000 people, and what we offer is:
# A chance for employees to build their future, with supportive career development and financial wellness programs.
# An environment where we win together. We celebrate achievement and work collaboratively. We're also a three-time Gallup Great Workplace honoree.
# An invitation to impact lives in a positive and lasting way. Everything we do is geared toward improving lives. That's fun and exciting.
It comes down to the fact that Fifth Third is a warm and caring place to with which to grow # as a customer or as a team member.
Enterprise Risk Management (ERM) is the process of identifying, quantifying and managing the risks that an organization faces while applying it to the overall Bank Strategy. While it is impossible to remove all risk from the organization effective risk management requires a strong risk culture and risk governance. Risk culture is the system of values and behaviors within the organization that shapes the day-to-day decisions that we all make. Developing a risk culture is a continuous process # it is consistent with, and builds upon, our Core Values, Leadership Competencies, and Code of Business Conduct and Ethics in that it is based on a common understanding that managing risk is everyone's responsibility and creates an environment that encourages the open exchange of ideas, willingness to elevate concerns, and a commitment to "doing the right thing." As such, risk culture is a critical element of the Bank's risk management efforts.
GENERAL FUNCTION: Leads in the identification and assessment of higher risk customers and determine whether the customer falls within the Bank's risk tolerance. The associate will also execute strategy for the enhancement of existing processes and procedures while working directly with management to build out new processes and procedures when necessary.
ESSENTIAL DUTIES & RESPONSIBILITIES:
#Monitors higher-risk customers through due diligence processes that include but not limited to onsite client visits and conference calls with leadership across FCC and LOB.
#Conducts due diligence on existing higher-risk customers by utilizing public records and the bank's internal systems to ensure an appropriate risk-rating.
#Build strong partnerships and collaborate with different lines of business, specifically Commercial, and other areas of Financial Crimes Compliance, in support of the on boarding and ongoing higher risk relationships.
#Build out of higher risk customer programs, specifically correspondent and casino customers, to streamline the process, ensure risk to Fifth Third is mitigated and have strong understanding of both the industry and our customers.
#Composes detailed executive summaries that are presented to senior leadership and make determinations as to whether the customer relationship can be on boarded.
#Escalate and own resolution of account relationships where customers are not providing adequate information and/or not adhering to policies and procedures.
#Partners directly with CDD Management in the implementation of new methods, processes and procedures to make daily operations more efficient and to satisfy AML banking regulations.
#Refers customers to AML Investigations if suspicion that the customer is involved in money laundering, fraud, or terrorist financing.
#Willing to invest time to ensure team goals, deadlines, quality assurance goals, and productivity expectations are met.
MINIMUM KNOWLEDGE AND SKILLS REQUIRED:
#Education: Bachelor's degree or equivalent work experience required.
#Zero-Three (0-3) years' experience as Officer or equivalent work experience.
#Preferred knowledge of the Bank Secrecy Act, Anti-Money Laundering efforts, USA PATRIOT Act and OFAC.
#Excellent oral and written communication skills. Effectively communicates upward, downward and laterally. Displays a positive business presence with management and internal and external contacts.
#Strong organization skills and attention to detail.
#Proactive in identifying potential concerns and following-up to resolve such issues.
#Ability to multi-task, works independently, and meets deadlines.
#Strong analytical, problem-solving, and conflict resolution skills.
#Strong teamwork, interpersonal and relationship building skills.
#Ability to make difficult decisions with little supervision and accept challenging assignments.
#Ability to negotiate and collaborate with others, initiates action, and adapt to change.
#Excellent with Microsoft Word, PowerPoint and Excel.
Fifth Third Bank 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.