Full-Time

Financial Crimes Analyst I

Posted on 1/24/2025

Fifth Third Bank

Fifth Third Bank

10,001+ employees

Provides diverse banking and financial services

Fintech
Financial Services

Compensation Overview

$47.1k - $94.2kAnnually

+ Incentive Compensation Plan

Entry, Junior, Mid

Norridge, IL, USA + 2 more

More locations: Charlotte, NC, USA | Cincinnati, OH, USA

Category
Risk Management
Finance & Banking
Required Skills
Risk Management

You match the following Fifth Third Bank's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • 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 escalate 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
  • Ability to Provide consulting, Training and coaching Support to employees.
  • Proficiency with Microsoft Office Suite.
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 and Fraud activity that warrants 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 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.
  • 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.

Fifth Third Bank provides a variety of financial services to individual consumers, small businesses, and commercial clients. Its offerings include personal banking products like checking and savings accounts, mortgages, personal loans, and insurance options such as life and health coverage. For businesses, the bank offers services including business accounts, commercial loans, and treasury management. Fifth Third Bank's business model focuses on generating revenue through interest on loans, account service fees, and commissions from insurance and wealth management services. What sets Fifth Third Bank apart from its competitors is its comprehensive range of services that cater to both personal and business financial needs, along with specialized offerings like down payment assistance. The company's goal is to help clients achieve their financial objectives through tailored banking solutions and financial planning.

Company Stage

IPO

Total Funding

N/A

Headquarters

Cincinnati, Ohio

Founded

1858

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased digital banking adoption aligns with Fifth Third's digital treasury solutions.
  • Fintech partnerships can enhance Fifth Third's service offerings and competitive edge.
  • Growing demand for personalized services supports Fifth Third's financial planning offerings.

What critics are saying

  • Legal challenges from fake account allegations could harm Fifth Third's reputation.
  • Significant investment in digital solutions may strain Fifth Third's financial resources.
  • Failure to innovate in digital disbursements could lead to competitive disadvantages.

What makes Fifth Third Bank unique

  • Fifth Third Bank offers a comprehensive range of personal and business banking services.
  • The bank provides specialized services like down payment assistance and escrow education.
  • Fifth Third Bank integrates wealth management with traditional banking for holistic financial solutions.

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Benefits

Health Insurance

Paid Sick Leave

Paid Holidays

Performance Bonus

Flexible Work Hours

INACTIVE