Financial Crimes Specialist

Fifth Third Bank•Chicago, IL

1d•$44,300 - $83,700•Onsite

About The Position

The Financial Crimes Specialist investigates, monitors, and reports cases involving potential threats to Fifth Third Bank to support compliance with regulatory requirements. The role files applicable reports and escalates financial-crime matters when appropriate. It reviews and analyzes system activity and generated alerts, evaluates financial-crime and fraud triggers, prepares reports, recommends follow-up, and supports the bank’s first line of defense. The specialist may provide support to internal and external customers and works with business units to understand alerted activity and ensure compliance with applicable laws. The position is accountable for managing risk in accordance with the Bank’s risk appetite and for following applicable policies and procedures. It requires adherence to Bank Secrecy Act and Anti-Money Laundering reporting and recordkeeping requirements, Office of Foreign Assets Control sanctions, the Customer Identification Program, related bank policies, and ongoing training. This role has no supervisory responsibilities. The position is located in a normal office environment in Rosemont, Illinois, with extended viewing of a CRT screen. The stated annual base pay range is $44,300 to $83,700, and the role is eligible to participate in an incentive compensation plan. Benefits include medical, dental, and vision coverage, a 401(k) plan and employee stock purchase plan with employer match, flexible paid time off, comprehensive leave programs, and benefits supporting mental and physical wellness.

Requirements

One to three 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.
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 verbal and written communication skills.
Strong organization and ability to manage detailed tasks, multitask, and follow up as needed.
Proactive in identifying potential concerns and following up to resolve issues.
Teamwork, interpersonal, and relationship-building skills.
Ability to make decisions and recognize when to escalate matters to management.
Ability to collaborate, initiate action, adapt to change, and accept challenging assignments.
Ability to communicate with management, 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-crime and fraud-related triggers associated with risk activity.
Escalate financial-crime matters warranting supervisory engagement.
Prepare reports and recommend appropriate follow-up.
Provide financial-crimes-related support and work with the bank’s first line of defense.
Work with business units to understand alerted financial-crime and fraud activity and ensure compliance with laws.
Provide support to internal and external customers when needed.
Complete assigned work accurately and on time, and perform other duties as required.
Adhere to Bank Secrecy Act and Anti-Money Laundering reporting and recordkeeping requirements, OFAC sanctions, Customer Identification Program rules, related bank policies and procedures, and ongoing training.
Identify, assess, manage, monitor, and report risks; follow policies and procedures and elevate concerns when appropriate.