Financial Crimes Manager-Wealth & Asset Management

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GENERAL FUNCTION:

The Financial Crimes Risk Manager must have a high level of expertise in BSA/AML, OFAC, USA PATRIOT Act and related regulations, directives and guidance and best practices. This position will be responsible for conducting the enterprise-wide AML and other targeted risk assessments; developing and/or enhancing AML policies, procedures and controls based on regulatory/policy changes and the results of ongoing risk assessment; developing and/or enhancing KRIs, KPIs and other management reports; evaluating/analyzing new BSA/AML laws, regulations, guidance and industry best practices; serving as key Financial Crimes point-of-contact for the Wealth and Asset Management line of business (including private banking, investment advisors, trust and custody businesses), and performing other assigned tasks related to the implementation and execution of the Bank's Financial Crimes program.

The individual is responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. The Risk Manager must always do 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, this role achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Partner in the development, strengthening, and implementation of the Wealth & Asset Management line of business BSA/AML compliance programs;
• Initiate and facilitate collaborative alliances with the Wealth & Asset Management line of business and other corporate partners to ensure the line of business compliance is adequately managed;
• Conduct and prepare the enterprise-wide BSA/AML risk assessments and Wealth & Asset Management LOB risk assessment to evaluate inherent risk associated with products, services, customers, and geographic locations;
• Review new products and services for BSA/AML risk;
• Develop and deliver reports for ongoing risk assessment activities. Analyze and summarize report findings for senior management review;
• Identify key risks and mitigating factors as it relates to BSA/AML regulation throughout the organization;
• Monitor AML-related regulatory and industry developments and assist in providing an impact analysis on new and amended laws, regulations, and regulatory guidance. Provide input to AML staff regarding emerging issues and interpretation of regulations;
• Proactively research specific issues relating to enterprise or regional BSA/AML compliance risk;
• Participate in annual reviews and updates to the Financial Crimes policies and AML programs and maintain an up-to-date library of the Wealth & Asset Management LOB's AML policies, procedures and other controls;
• Assists in the preparation of BSA/AML task forces and discussion groups;
• Assist in tracking the status of regulatory, audit and self-identified Financial Crimes-related program deficiencies;
• Assess the adequacy of the business units'/affiliates recommended corrective action to the issues or gaps identified.
• Partner with line of business and Training team to identify educational or training needs and to develop awareness, targeted training and continuing education programs as appropriate;
• Participate and/or lead regular meetings with peers to build and maintain knowledge of current and emerging issues and risk in the environment;
• Assists with the management of Financial Crimes special projects and assume additional responsibilities as needed;
• Communicates significant issues to senior management;
• Build industry Relations through industry networking;
• Liaison with regulators as appropriate;
• Understands and complies with all Bank policies and procedures, and federal and state laws and regulations pertinent to this position; stay informed and share updates on changes with management. Required to successfully complete all required Compliance training.
• Continuously support the Bank's Mission Statement and Core Values.

BANK SECRECY ACT REQUIREMENTS: Responsible for adhering to the reporting and record keeping requirements of the Bank Secrecy Act and Anti-Money Laundering rules and regulations, observing economic sanctions by prohibiting transactions as specified by the Office of Foreign Asset Control (OFAC), following the bank's customer identification program (CIP) rules, observing all Bank policies and procedures relating to BSA, OFAC, CIP, and related acts, and participation in ongoing related training.

SUPERVISORY RESPONSIBILITIES: There are no supervisory responsibilities associated with this position.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

• Bachelor's degree required.
• Five years related work experience, preferably with a BSA/AML compliance department, internal audit, or regulatory agency. Experience conducting BSA/AML risk assessments is a plus.
• Strong fluency with Windows applications and Microsoft Office programs such as MS Word, Excel and PowerPoint.
• Quickly learns and achieves proficiency in new software applications as needed.
• Understands and is familiar with the most widely known and emerging tools, technologies and social applications.
• Identifies opportunities to increase accuracy and optimize resources and develops / recommends / implements solutions.
• Strong aptitude for understanding and analyzing large amounts of data from multiple sources.
• Performs complex analysis of data, processes, policies, procedures and/or systems.
• Develops insightful, value-added and actionable analyses with detailed explanations regarding drivers of those results.
• Presents organized and thorough information and data appropriate for intended audience.
• Demonstrates group presentation skills and excellent negotiation skills to deal effectively with individuals and groups within and outside the organization.
• Excellent oral and written communication skills. Effectively communicates upward, downward and laterally. Displays a positive business presence with management and external contacts.
• Demonstrates follow-up skills.
• Provides timely and professional support to all internal/external customers and vendors.
• Prioritizes regular workload, special tasks and concurrent projects, allocating time and resources to ensure that work is completed accurately and efficiently within established time frame.
• Self-motivated, works with minimal supervision.
• Ability to work independently and in a team to plan and accomplish a project or elements of a project (complexity of project scope to depend on seniority), identifying responsibilities, tasks, deadlines and pursuing their timely completion.
• Strong business focus with demonstrated ability to act in partnership with management teams.
• Proven leadership and collaboration skills with the ability to effectively supervise, coach and influence employees.
• Performs with high level of initiative exhibiting persistence and willingness to stimulate new ideas within the organization.
• Takes calculated risks, makes strategic, results-oriented decisions, and accepts responsibility for the results (positive or negative).

Compensation:

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the US. 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.

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WORKING CONDITIONS:

• Normal office environment with little exposure to dust, noise, temperature and the like.
• Extended viewing of a CRT screen.
• Some travel may be required (less than 10% of total job).

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.