Financial Crimes Specialist

Fifth Third; Cincinnati (OH); On-site; USD 45,000 - 86,000; Full time

Benefits offered by this job

Health insurance

Job summary

Fifth Third Bank in Cincinnati seeks a Financial Crimes Specialist to investigate and report on potential threats, ensuring compliance with BSA/AML rules. You will analyze alerts, escalate when needed, and prepare clear reports for risk oversight.

The role emphasizes accuracy, timely follow-up, and collaboration across business lines to deter financial crime. Base pay ranges from $45,100 to $85,600 per year, with comprehensive benefits and opportunities to grow within a values‑driven, inclusive

Qualifications

• One to two 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
• Knowledge of Suspicious activity, Bank Secrecy Act, AML, USA PATRIOT Act, OFAC.
• Understanding of federal and state laws and regulations relevant to the role.
• Strong oral and written communication skills.
• Highly organized with the ability to multi-task and follow up.
• Proactive in identifying concerns and following up to resolve issues.
• Excellent teamwork and relationship-building skills.
• Ability to decide when to escalate and to collaborate with management.
• Proficiency with Microsoft Office Suite

Responsibilities

• Reviews and analyzes system activity and alerts per Financial Crimes Compliance expectations.
• Analyze Financial Crimes and Fraud related triggers.
• Escalates matters to supervisory staff when warranted.
• Prepares reports and recommends follow-up actions.
• Provides support and works with other Lines of business.
• Works with various units to understand alerted activity and ensure compliance.
• Keeps abreast of industry trends in financial crime.
• Completes assigned work timely and accurately.
• Communicates effectively with internal and external customers on related matters.
• Performs other duties as required.

Skills

Analytical skills

Problem solving

Conflict resolution

Strong communication

MS Office

Education

Associates Degree

Job description

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. 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 alerts in accordance with Financial Crimes Compliance expectations..
• Ability to analyze Financial Crimes and Fraud related triggers related to risk activity.
• Appropriately escalates matters associated with Financial Crimes activity that warranties engagement from supervisory staff.
• Prepares Reports and recommends appropriate follow-up.
• Provides Support and Works with other Lines of business.
• Works with various business units to understand the Financial 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.
• Ability to communicate effectively verbally and in writing with internal and external customers on Financial Crimes or Fraud related matters.
• Performs other duties as required.

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:

None.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

• One to two 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.
• Functional 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 escalation 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 independently and meet deadlines
• Proficiency with Microsoft Office Suite

Financial Crimes Specialist Total Base Pay Range 45,100.00 - 85,600.00 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. 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 and by consulting with your talent acquisition partner.

WORKING CONDITIONS:

Normal office environment with little exposure to dust, noise, temperature and the like. Extended viewing of a CRT screen.

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.