Financial Crimes Analyst I

Fifth Third Bank; Cincinnati (OH); On-site; USD 55,000 - 75,000; Full time

Benefits offered by this job

Medical, dental, vision coverage

401(k) with employer match

Employee stock purchase plan

Flexible paid time off

Job summary

Fifth Third Bank seeks a Compliance Specialist to investigate and report on potential financial crime threats, ensuring adherence to regulatory requirements. You will analyze alerts, escalate when needed, and support training and case evaluation across business units.

The role emphasizes strong analytical and communication skills, independence, and timely, accurate work. Join a team focused on safeguarding the bank and customers while leveraging MS Office tools.

Qualifications

• 1–3 years of specialist experience in compliance, investigative work, or related field.
• Associates Degree or commensurate work experience.

Responsibilities

• Reviews and analyzes system activity and alerts in line with Financial Crimes Compliance expectations.
• Ability to analyze Financial Crimes and Fraud related triggers.
• Escalates matters to supervisory staff when warranted.
• Prepares reports and recommends follow-up actions.
• Provides Financial Crimes support and partners with first line of defense.

Skills

Analytical thinking

Problem solving

Conflict resolution

Oral communication

Written communication

Education

Associates Degree or commensurate work experience

Tools

Microsoft Office Suite

Job description

Make banking a Fifth Third better® We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.

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.

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.

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