Financial Crimes Analyst I

Fifth Third Bank, N.A.; Charlotte (NC); On-site; USD 48,000 - 96,000; Full time

Job summary

Fifth Third Bank, N.A. in Charlotte, NC is seeking a Financial Crimes Analyst I to investigate and monitor potential threats to the bank, ensuring regulatory compliance.

You will analyze system activity, escalate suspicious cases, and prepare reports for follow-up actions, collaborating with first-line defense and various business units. The role emphasizes strong analytical and communication skills, knowledge of BSA/AML, OFAC, and related laws, and the ability to work independently to meet

Qualifications

• One to three years of specialist experience in compliance, investigative work, or a related field.
• Associates Degree or commensurate work experience.
• Strong analytical, problem-solving, and conflict resolution skills
• Demonstrated knowledge of Suspicious activity in regard to financial institutions, money laundering trends, terrorist financing indicators, the Bank Secrecy Act, Anti-Money Laundering efforts, USA PATRIOT Act, Fraud and OFAC.
• Thorough understanding of federal and state laws and regulations pertinent to the position
• Strong oral and written communication skills.
• Highly organized with the Ability to multi-task detailed items and follow-up as needed.
• Proactive in identifying potential concerns and following-up to Resolve such issues.
• Excellent teamwork, interpersonal and relationship building skills.
• Ability to make decisions or know when to elevate 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 independenty and meet deadlines
• Ability to Provide consulting, Training and coaching Support to employees.
• Proficiency with Microsoft Office Suite

Responsibilities

• Reviews and analyzes system activity and generated alterts in accordance with Financial Crimes Compliance expectations.
• Ability to analyze Financial Crimes and Fraud related triggers related to risk activity.
• Appropriatly escalates matters associated with Financial Crimes and Fraud activity that warrantes engagement from supervisory staff.
• Prepares Reports and recommends appropriate follow-up.
• Provides Financial Crimes related Support and Works with the first line of defense for the bank.
• May provide customer support to internal and external customers.
• Works with various business units to Understand the Frinancial Crimes and Fraud alerted activity and to ensure compliance with laws.
• Possesses working knowledge of industry trends.
• Ability to complete assigned work in a timely and accurate manner
• May assist the supervisor with special projects, including system-related work, special investigations, or due diligence
• Handles advanced level alerts.
• Identifies and escalates alerts as necessary.
• May be responsible for process improvement.
• Incorporates risk management into their daily practices.
• Works independently.
• Ability to communicate effectively verbally and in writing with internal and external customers on Financial Crimes related matters
• Performs other duties as required

Skills

Compliance

Investigations

Financial Crimes

Analytics

Communication

MS Office

Education

Associates Degree

Tools

Microsoft Office Suite

Job description

Cincinnati, OH

Farmington Hills, MI

Rosemont, IL

Charlotte, NC

Full time

R73594

GENERAL FUNCTION: Investigates, monitors and reports on cases involving potential threats to the Bank to ensure compliance with regulatory requirements. Responsible for filing applicable reports and escalating financial crime related matters when appropriate. Provides guidance to other specialists with respect to training and case evaluation. To analyze, investigate and report on cases involving potential threat to the bank and to ensure that the Bank is in compliance with regulatory requirements.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Banks risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Reviews and Analyzes system activity and generated alterts in accordance with Financial Crimes Compliance expectations.

• Ability to analyze Financial Crimes and Fraud related triggers related to risk activity.

• Appropriatly escalates matters associated with Financial Crimes and Fraud activity that warrantes engagement from supervisory staff.

• Prepares Reports and recommends appropriate follow-up.

• Provides Financial Crimes related Support and Works with the first line of defense for the bank.

• May provide customer support to internal and external customers.

• Works with various business units to Understand the Frinancial Crimes and Fraud alerted activity and to ensure compliance with laws.

• Possesses working knowledge of industry trends.

• Ability to complete assigned work in a timely and accurate manner

• May assist the supervisor with special projects, including system-related work, special investigations, or due diligence

• Handles advanced level alerts.

• Identifies and escalates alerts as necessary.

• May be responsible for process improvement.

• Incorporates risk management into their daily practices.

• Works independently.

• Ability to communicate effectively verbally and in writing with internal and external customers on Financial Crimes related matters

• Performs other duties as required

BANK SECRECY ACT REQUIREMENTS: Responsible for adhering to the reporting and recordkeeping 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: None.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

• One to three years of specialist experience in compliance, investigative work, or a related field.

• Associates Degree or commensurate work experience.

• Strong analytical, problem-solving, and conflict resolution skills

• Demonstrated knowledge of Suspicious activity in regard to financial institutions, money laundering trends, terrorist financing indicators, the Bank Secrecy Act, Anti-Money Laundering efforts, USA PATRIOT Act, Fraud and OFAC.

• Thorough understanding of federal and state laws and regulations pertinent to the position

• Strong oral and written communication skills.

• Highly organized with the Ability to multi-task detailed items and follow-up as needed.

• Proactive in identifying potential concerns and following-up to Resolve such issues.

• Excellent teamwork, interpersonal and relationship building skills.

• Ability to make decisions or know when to elevate 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 independenty and meet deadlines

• Ability to Provide consulting, Training and coaching Support to employees.

• Proficiency with Microsoft Office Suite

WORKING CONDITIONS:

• Normal office environment with little exposure to dust, noise, temperature and the like.

• Extended viewing of a CRT screen.

At Fifth Third Bank, we understand the importance of rewarding our employees for their hard work and dedication, therefore, our Total Rewards offering includes a differentiated compensation package and comprehensive benefits.

Benefits:

Our benefits programs are designed to support the health, happiness, and financial well-being of our employees and their families. Your benefits will include access to comprehensive medical, dental, and vision coverage, a 401(k) plan and employee stock purchase plan that both offer a generous employer match, flexible paid time off, comprehensive leave programs, and unique benefits to support your overall mental and physical wellness.

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.

#LI-GM1

Financial Crimes Analyst I

Total Base Pay Range 48,100.00 - 96,200.00 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 -- Cincinnati, Ohio 45227

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.

Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust.