Financial Crimes Product Owner – AML Monitoring

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GENERAL FUNCTION:

The Financial Crimes (FC) Data and Product Management – Product Owner position is a leadership role that is responsible for assisting in the definition and implementation of Fifth Third's Anti-Money Laundering (AML) and Economic Sanctions strategies. The position will oversee the defining, building, and executing technology enhancements aimed at improving Fifth Third’s AML and Economic Sanctions programs. This product owner position will focus on managing the technology and delivering technology solutions that are used to identify money laundering and predicate crimes. This role will focus

on maintaining and improving these monitoring technologies while also improving end user experience and efficiency.

Responsible and accountable for core strategic initiatives by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for doing 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 position is the product owner overseeing the enhancement and ongoing support of the bank's Anti-money Laundering tool (SAS AML). In this role, the financial crimes manager will set priority and direction for the squad supporting AML. This person will work closely with technology and Financial Crimes Investigations’ Management and the Financial Crimes Intelligence Unit (FIU) to help prioritize and set direction for the platform.  The PO is also responsible for working with other squads in the bank to set schedules and ensure that work for AML is properly aligned with those groups.  The candidate should understand the bank’s payments processes and systems as well as have a background in analytics and analysis.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Oversee and ensure timely and accurate completion of projects implementing or enhancing technology to support financial crimes as a product owner on a financial crimes squad.
• Sets priorities for the squad, balancing timeline, strategic goals, production issue resolution and other items.
• Regular reporting of squad status, accomplishments, and challenges.
• Work with subject matter experts in financial crimes to ensure that all project requirements are accurately captured and delivered.
• Develop roadmap to support new or enhanced monitoring use cases for the platform and work with partners in various areas to coordinate delivery with other squads.
• Responsible for developing, strengthening, and implementing the Line of Business compliance program in compliance with existing laws and regulations, including governance, policies and procedures, monitoring, reporting, communications, and education.
• Work with leaders of other squads to explain and prioritize critical AML projects.
• Able to prioritize both technical and business needs to ensure a highly available system that meets bank standards for security and availability.
• Be able to articulate to the Aegis squad why things are important and help train engineers and other members on the business value and reasoning for projects or efforts.
• Work with subject matter experts in financial crimes to ensure that all project requirements are accurately captured and delivered.
• Communicates significant issues to senior management.
• Liaisons with regulators as appropriate.
• Builds industry knowledge and relationships through industry networking.
• Maintains a cutting-edge awareness of division goals, regulatory and legislative developments, and industry trends.
• Works with Sr. Leadership to set strategic direction for department and then execute on those goals and objectives.
• Participates and/or leads regular meetings with peers to build and maintain knowledge of current and emerging issues and risk in the environment
• Reviewing and implementing approved solutions for the Regulatory Monitoring and Change Management program ownership.

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:

Overseeing a squad to ensure optimal performance in meeting the Financial Crimes division's goals and the objectives of contributing to Bancorp’s continued success in the Financial Services industry. Assists in the recruiting process; conducts interviews and provides candid, timely feedback.  Ensures proper orientation, both formal and informal, for assigned employees.  Identifies challenging work assignments and mentoring and education programs to give employees exposure to proactive problem solving throughout the company. Develops and maintains ongoing two-way timely and clear performance feedback to maintain healthy, proactive work relationships. Encourages open dialogue that promotes creative and out of the box problem solving skills.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

• Education: Bachelor's degree or equivalent work experience required.
• Computer/Technical: Demonstrates working or functional proficiency sufficient to apply the use of software applications (Microsoft Office Suite) without assistance and minimal supervision.
• Able to understand and conceptualize basic statistical analysis and theories.  
• Solid experience manipulating (validating, correcting, reformatting, and transforming) data into multiple formats (e.g. spreadsheets, flat files, databases, etc.)
• Ability to oversee and manage technology budgets and plan for future business needs
• Strong analytical skills required to gather, assess and present quantitative and qualitative data.
• Able to develop and support conclusions and make practical recommendations to the business lines.
• Ability to develop and implement controlled, systematic step-by-step processes based on guidance and procedures.
• 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.
• Ability to work with a team, to identify and solve problems or resolve issues, including members from other units such as the Legal Department, Audit Department, or Business Unit.
• Excellent oral and written communication skills. Effectively communicates upward, downward, and laterally.
• Displays a positive business presence with both management and external contacts.
• Must be able to demonstrate sound judgment and apply logical and critical thought processes when developing and recommending solutions.

OTHER SKILLS:

• Knowledge of the bank’s payments flow process, systems, and teams. 
• Ability to network with those teams to accomplish project goals.
• Possesses the ability to maintain professional composure in a dynamic work environment that often requires management of multiple and competing priorities.
• Strong SQL and data skills to support research into issues and answer regulator, audit and management questions.
• Demonstrates willingness to be a contributing and engaged member of team by sharing knowledge, working towards common goals and maintaining a positive attitude, capable of establishing effective working relationships with peers and establishes credibility with superiors and customers.
• Establish, foster, and maintain working relationships with peers and supervisory management within the Division, business lines and Information Technology support.
• Full adherence to Fifth Third's Core Values of Integrity, Teamwork and Collaboration, Respect and Inclusion, and Accountability required.

WORKING CONDITIONS:

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

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. 

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.