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ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Execute compliance risk reviews in line with Compliance Testing Practices Operating Procedures and Methodology.
- Develop comprehensive test plans and workpapers to support assigned compliance reviews.
- Ensure test plans are designed to identify non-compliance with various laws and regulatory requirements.
- Manage compliance reviews, ensuring timely completion of tasks and escalating issues to leadership as needed.
- Perform root cause analysis for instances of non-compliance and obtain formal action plans from business lines.
- Draft formal reports, including the identification and documentation of issues.
- Work independently with minimal supervision, while also collaborating within and across departments.
- Take responsibility for risk by openly exchanging ideas, elevating concerns, and adhering to policies and procedures.
- Commit to doing the right thing for customers and colleagues, ensuring actions and behaviors drive a positive customer experience.
- Achieve results by consistently identifying, assessing, managing, monitoring, and reporting risks within the bank's risk appetite.
MINIMUM KNOWLEDGE, SKILLS, AND ABILITIES REQUIRED:
- Education: Bachelor's degree or equivalent work experience required.
- Experience: At least 2-3 years of compliance testing experience in roles such as, but limited to Compliance Officer, Compliance Testing Analyst/Specialist, or Internal Auditor.
- Industry Knowledge: Strong understanding of the financial services industry and core products, including Consumer Banking and Commercial Banking deposit and lending products. Experience with Treasury Management, Embedded Payments, and/or BIN sponsorship is highly preferred.
- Regulatory Knowledge: Strong understanding of Federal Reserve and Consumer Financial Protection Bureau (CFPB) Examination standards and general regulatory issuances.
- Communication Skills: Excellent oral and written communication skills, with the ability to effectively communicate at all levels and display a positive business presence with management and external contacts.
- Judgment and Critical Thinking: Demonstrated sound judgment and the ability to apply logical and critical thought processes when developing and recommending solutions.
Compliance Officer I - Compliance Testing
Total Base Pay Range 71,100.00 - 145,900.00 USD Annual
At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.
The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.
Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.
LOCATION -- Virtual, Ohio 00000
Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes – no matter how they are submitted – will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.
Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.