Financial Crimes Officer II

BANK SECRECY ACT REQUIREMENTS

• Responsible for adhering to the reporting and record keeping requirements of the Bank Secrecy Act and Anti-Money Laundering rules and regulations.
• Observes economic sanctions by prohibiting transactions as specified by the Office of Foreign Asset Control (OFAC).
• Follows the bank’s customer identification program (CIP) rules.
• Observes all Bank policies and procedures relating to BSA, OFAC, CIP, and related acts.
• Participation in ongoing related training.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Serve as a subject matter expert responsible for conducting detailed reviews and dispositioning some of the highest-complexity alerts within the Bank’s high-risk customer portfolio, providing sound risk-based analysis, recommendations, and escalations while ensuring adherence to regulatory requirements and internal procedures.
• Participates in the analysis, update, and implementation of financial crimes policies, procedures, and processes.
• Analyzes data by numerous delivery channels, geographic area, product types, to identify financial crimes risks and develop and recommend scope or target for the review, corrective action/or gap closure.
• Develops and executes strategies for closing gaps or enhancing coverage.
• Develop strengthens, and/or implement department and and cross-department business unit policies, procedures, and processes, ensuring these are in compliance with existing laws and regulations.
• Assists in the development of strategic fraud, BSA/AML, and economic sanctions goals and tactical and strategic planning systems.
• Makes significant issues to senior management.
• Identifies opportunities, establishes action plans, and drives solutions to continuously improve financial crimes policies, procedures and tools, and increase efficiency.
• Affirmatively assesses the adequacy of the business units'/affiliates recommended corrective action to issues or gaps identified and supports 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.
• Recommends solutions based upon subject matter expertise.
• Serves on various task forces or discussion groups to address financial crimes related issues.
• Contributes 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.
• Contributes or leads the completion of special projects related to financial crimes.
• Builds industry relations through industry networking.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED

• Advanced knowledge of payment ecosystems, including payment processors, payment facilitators, and other complex payment-related business models, with the ability to understand customer relationships and other complex payment-related business models and the associated financial crime risks.
• Strong subject matter expert in appropriate financial crimes laws, regulations, and guidance.
• Maintains a awareness of division goals, Regulatory and legislative developments, and industry trends.
• 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/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.

PAY

Total Base Pay Range: $82,100.00 - $172,500.00 USD Annual

LOCATION

Cincinnati, Ohio 45227