Financial Crimes Specialist

Fifth Third Bank • Cincinnati, OH

1d • $45,100 - $85,600 • Onsite

About The Position

The Financial Crimes Specialist investigates, monitors, and reports cases involving potential threats to the Bank to ensure compliance with regulatory requirements. The role files applicable reports and escalates financial crime-related matters when appropriate. It is accountable for managing risk within the Bank’s risk appetite, following policies and procedures, and supporting positive experiences for customers and colleagues.

The specialist reviews system activity and generated alerts, analyzes financial crimes and fraud-related triggers, prepares reports, recommends follow-up, and works with other lines of business to understand alerted activity and ensure compliance with laws. The position requires adherence to Bank Secrecy Act and Anti-Money Laundering requirements, Office of Foreign Assets Control sanctions, customer identification program rules, related Bank policies, and ongoing training. There are no supervisory responsibilities.

This position is based in a normal office environment in Cincinnati, Ohio, with little exposure to dust, noise, or temperature variations. It involves extended viewing of a CRT screen. The annual base pay range is $45,100 to $85,600. Fifth Third describes its benefits programs as supporting employees’ physical, financial, emotional, and social well-being; details are available through its Careers benefits page or a talent acquisition partner.

Requirements

• One to two years of specialist experience in compliance, investigative work, or a related field.
• Associate degree or commensurate work experience.
• Strong analytical, problem-solving, and conflict-resolution skills.
• Demonstrated knowledge of suspicious activity in financial institutions, money-laundering trends, terrorist-financing indicators, the Bank Secrecy Act, Anti-Money Laundering efforts, the USA PATRIOT Act, fraud, and OFAC.
• Functional understanding of federal and state laws and regulations pertinent to the position.
• Strong oral and written communication skills.
• Highly organized, with the ability to multitask detailed items and follow up as needed.
• Proactive in identifying potential concerns and following up to resolve issues.
• Excellent teamwork, interpersonal, and relationship-building skills.
• Ability to make decisions or recognize when matters should be escalated to management.
• Ability to collaborate, initiate action, adapt to change, and accept challenging assignments.
• Ability to communicate with management.
• Ability to work independently and meet deadlines.
• Proficiency with Microsoft Office Suite.

Responsibilities

• Review and analyze system activity and generated alerts in accordance with Financial Crimes Compliance expectations.
• Analyze financial crimes- and fraud-related triggers associated with risk activity.
• Escalate financial crimes matters that warrant supervisory engagement.
• Prepare reports and recommend appropriate follow-up.
• Provide support to and work with other lines of business.
• Work with business units to understand financial crimes and fraud alert activity and ensure compliance with laws.
• Complete assigned work accurately and on time.
• Communicate verbally and in writing with internal and external customers about financial crimes- or fraud-related matters.
• Adhere to Bank Secrecy Act and Anti-Money Laundering reporting and record-keeping requirements.
• Observe Office of Foreign Assets Control sanctions, follow customer identification program rules, and comply with related Bank policies and procedures.
• Participate in ongoing Bank Secrecy Act, OFAC, CIP, and related training.
• Perform other duties as required.

Benefits

• Comprehensive benefits programs designed to support employees’ physical, financial, emotional, and social well-being; specific benefit offerings are not listed in the posting.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree