Fiduciary Account Specialist

Fifth Third Bank • Birmingham, MI

1d • $71,100 - $145,900 • 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.

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.
• 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.

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