Financial Crimes Specialist
About The Position
The Financial Crimes Specialist investigates, monitors, and reports cases involving potential threats to Fifth Third Bank to ensure compliance with regulatory requirements. The role reviews system activity and generated alerts, analyzes financial crimes and fraud triggers, prepares reports, recommends follow-up, and escalates matters when appropriate. It also works with other business units to understand alerted activity and support compliance with applicable laws. The position is accountable for managing risk in accordance with the Bank’s risk appetite and supporting positive experiences for customers and colleagues. The role must adhere to Bank Secrecy Act and Anti-Money Laundering reporting and recordkeeping requirements; observe economic sanctions administered by the Office of Foreign Assets Control (OFAC); follow customer identification program rules and related bank policies; and participate in ongoing related training. The position has no supervisory responsibilities. Work takes place in a normal office environment with little exposure to dust, noise, or temperature extremes, and includes extended viewing of a CRT screen.
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 to escalate matters to management.
- Ability to collaborate with others, 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 requiring supervisory engagement.
- Prepare reports and recommend appropriate follow-up.
- Provide support and work with other lines of business.
- Collaborate with business units to understand financial crimes and fraud alerts and help ensure compliance with laws.
- Complete assigned work accurately and in a timely manner.
- 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 recordkeeping requirements, OFAC sanctions, customer identification program rules, and related Bank policies and procedures.
- Participate in ongoing training related to BSA, OFAC, CIP, and related acts.
- Perform other duties as required.
Benefits
- Comprehensive benefits programs designed to support employees’ physical, financial, emotional, and social well-being.
- Differentiated compensation offerings.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
Associate degree
