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GENERAL FUNCTION:

Leads in the identification and assessment of regulatory requirements, risks and the execution of procedures to evaluate the Bancorp's compliance with laws, regulations and industry standards. Develops and executes strategies for closing gaps in performance. Works mostly self-directed, with minimal supervisory oversight. Also works within department and cross-department teams.

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:

Providing early identification of risk exposure and assisting with formulating recommendations to mitigate the risk; Assisting in the review and evaluation of the results of testing and monitoring activities performed by both the LOB (including Business Controls) and others from the second line of defenseAssisting the CBPC Manager and/or Director in supporting various task forces or discussion groups to address compliance-related issues and developing enhancement or remediation strategies;  Assisting in the review of complaints that require additional product/service-related subject matter expertise, to further support complaint management processes; Partnering with the LOB on corrective action, including training and issue management, as needed;  Implementing/facilitating enhancements to the Program;  Researching, analyzing, and drawing conclusions related to all assigned applicable rules and regulatory requirements; Contribute to annual completion of the Compliance Risk Assessment;Serve as a Compliance subject matter expert for LOB procedure reviews and customer-facing document reviews;Facilitating compliance-related communication across Fifth Third;  Serving as a compliance resource to the LOB; Participating in BCRA and VRM evaluations; Keep current on proposed and final federal and state regulations applicable to division product and services; andEnsuring inclusion of relevant CRM division members (e.g., CTP and the Ethics Office), Legal, and other Risk Management partners (e.g., Operational Risk, Financial Crimes, etc.) who are aligned with the same LOB during major initiatives and meetings that have cross-departmental implications. 

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

Education: Bachelor's degree or equivalent work experience required.Zero to Three (0-3) years’ experience as Officer or equivalent work experience.Computer/Technical: Demonstrates working or functional proficiency sufficient to apply the use of software applications (Micro-Soft Office Suite) without assistance and minimal supervision.Able to understand and conceptualize basic statistical analysis and theories. With solid experience in manipulating (validating, correcting, reformatting, and transforming) data into more than one format, (e.g. spreadsheets, flat files, databases, etc.).Strong understanding of mortgage products.Advanced understanding of consumer finance and of Fifth Third Banking products, business lines, Affiliate structure and operations, and Corporate support organization. Including, the bank's management teams and decision-making operations.Strong understanding of the Federal Reserve and consumer financial Protection Bureau (CFPB) Examination standards and general Regulatory issuances.Advanced understanding of the operations and interdependencies of the Affiliates and Bancorp.Including back-office operations related to credit products.Advanced understanding of fair lending and responsible banking laws and regulations and the technical requirements of the Community Reinvestment Act (CRA), Interagency fair lending, Examination Procedures (IFLEP) and the Interagency CRA Examination Procedures (IEP).Excellent oral and written communication skills. Effectively communicates upward, downward and laterally. Displays a positive business presence with management and external contacts.Must be able to demonstrate sound judgment and apply logical and critical thought processes when developing and recommending solutions.

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Compliance Officer I - Newline

LOCATION -- Cincinnati, Ohio 45227

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.