Fiduciary Account Specialist

Fifth Third Bank • Cincinnati, OH

4d • Onsite

About The Position

Responsible for timely completion of administrative account reviews within investment management and trust to ensure Fifth Third’s compliance with internal policies and regulatory/legal requirements. The Fiduciary Account Specialist identifies exceptions and validates exception mitigation. 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 Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

Requirements

• Bachelor’s degree preferred; willingness to work toward professional certifications required (CTFA and others).
• 3-5 years fiduciary administrative advisory/support experience.
• Knowledge of or ability to quickly learn fiduciary account types and structures, legal and regulatory standards, and internal policies and procedures.
• Strong organizational, oral and written communication skills.
• Time management skills.
• Ability to make decisions and evaluate risk remediation activities.

Responsibilities

• Perform Investment Management &Trust account reviews as assigned to ensure timely completion. Reviews may include investment management, IRA, trust, foundation and guardianship account reviews.
• Review account documentation to validate compliance with internal requirements.
• Review account set-up and activity is aligned with underlying governing document, internal procedures as well as legal and regulatory compliance.
• Partner with client teams to ensure appropriate steps have been taken to eliminate, mitigate and/or escalate exceptions.
• Escalate items of risk and identify trends in account reviews.
• Assists in the education, communication and reinforcement of fiduciary policies and regulations.
• Participate in periodic discussions and reviews with Business Controls, Compliance and Audit to improve and update processes and procedures.
• Performs a variety of special projects and other duties as assigned.

Benefits

• Comprehensive benefits and differentiated compensation offerings
• Eligible to participate in an incentive compensation plan
• Extensive benefits programs designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level