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Compliance Officer I-Newline Compliance

Compliance Officer I-Newline Compliance

Fifth Third BankCincinnati, OH, United States
3 days ago
Job type
  • Full-time
Job description

Make banking a Fifth Third better

We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.

GENERAL FUNCTION :

Leads in the identification and assessment of risks (Electronic Funds Transfer, Truth in Lending, Equal Credit Opportunity Act and UDAP / UDAAP) and the execution of procedures to evaluate the Bancorp's compliance with laws, regulations and industry standards. Develops and executes strategies for closing gaps in performance. Works mostly self-directed, with minimal supervisory oversight. Also works within department and cross-department teams.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Banks risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES AND RESPONSIBILITIES :

  • Participates in the analysis of lending policies and procedures, including scoring systems, strategic priorities, market share data, lending trends, external influences, current regulatory focuses, previous examination findings, and input from Audit and
  • Conducts interviews and discussions with managers at all levels to understand the lending process, lending guidelines and Technology platforms.
  • Analyzes data by numerous delivery channels, geographic area, product types, facility, and even employee or officer to identify risks and Develop and recommend scope or target for the Review, corrective action / or performance gap closure. Develops and executes strategies for closing gap in performance.
  • Assess the adequacy of the business units' / affiliates recommended corrective action to the issues or gaps identified.
  • Develops and report's findings to Senior Management regarding their business lines (Legal, Audit, and Senior level Operating Committees).
  • Participates and / or Leads regular meetings with peers to Build and maintain knowledge of current and emerging issues and risk in the environment
  • Recommends solutions based upon subject matter expertise to Regulatory Monitoring and Change management Program ownership.
  • Recommend protocols for compliance testing.
  • Contribute updates to the compliance risk assessment.
  • Support post-implementation validation based on risk rating.
  • Reviews reporting from the Councils for use by the Regulatory Change management Committee.
  • Areas of responsibility and accountability within compliance Include : consumer, commercial, Wealth & Asset Management, testing & practices, financial Crimes and all other relevant and applicable laws and regulations

SUPERVISORY RESPONSIBILITIES :

Responsible for providing employees timely, candid and constructive performance feedback; developing employees to their fullest potential and provide challenging opportunities that enhance employee career growth; developing the appropriate talent pool to ensure adequate bench strength and succession planning; recognizing and rewarding employees for accomplishments.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED :

  • Education : Bachelor's degree or equivalent work experience required.
  • Zero to Three (0-3) 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.
  • Able to understand and conceptualize basic statistical analysis and theories. With solid experience in manipulating (validating, correcting, reformatting, and transforming) data into more than one format, (e.g. spreadsheets, flat files, databases, etc.).
  • Strong understanding of mortgage products.
  • Advanced understanding of consumer finance and 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.
  • Strong understanding of the Federal Reserve and consumer financial Protection Bureau (CFPB) Examination standards and general Regulatory issuances.
  • Advanced understanding of the operations and interdependencies of the Affiliates and Bancorp.
  • Including back-office operations related to credit products.
  • Advanced understanding of fair lending and responsible banking laws and regulations and the technical requirements of the Community Reinvestment Act (CRA), Interagency fair lending, Examination Procedures (IFLEP) and the Interagency CRA Examination Procedures (IEP).
  • 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.
  • #LI-GM1

    Compliance Officer I-Newline Compliance

    At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

    The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and / or individual performance.

    Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being.You can learn more about those programs on our 53.com Careers page at : https : / / www.53.com / content / fifth-third / en / careers / benefits.html or by consulting with your talent acquisition partner.

    LOCATION Cincinnati, Ohio 45227

    Attention search firms and staffing agencies : do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes - no matter how they are submitted - will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.

    Fifth Third Bank, National Association 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.

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