Fifth Third Bank · 5 hours ago
Compliance Officer II-Regulatory Compliance Testing
Cincinnati, OH
Full-time
Remote
Mid, Senior Level
$78K/yr - $157K/yr
5+ years exp
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Responsibilities
Leads teams to perform reviews of various processes, identifying regulatory compliance risk and testing controls to ensure they adequately mitigate the risk
Design and document testing performed by establishing and maintaining comprehensive workpapers that clearly describes the testing methodology and displays the testing results.
Explain and discuss regulatory findings with Compliance partners and LOB personnel. Identify the root cause and help to recommend an appropriate corrective action. Obtain agreement with business partners regarding issue complexity and issue resolution prior to issuing the report
Develops and report's findings to Senior Management regarding their business lines
Execute increasingly complex testing responsibilities in accordance with Procedures. Drive reviews with limited oversight and assistance. Assist Analysts and COI with testing and analysis of results
Review compliance risk assessment and develop testing scope and attributes to evaluate key risks identified on the risk assessment during reviews
Conduct reviews in a timely manner so that testing results can be delivered to the LOB. Be a Leader within the team assisting in planning and developing testing plans based on information gathered during the planning phase of the review.
Conduct extensive research to support regulatory findings/control weaknesses
Actively engage in leading on-going departmental initiatives e.g. lessons learned sessions, meetings with compliance partners and other external partners.
Foster an engaging and inclusive work environment. Actively participate in the development and fulfillment of Team Engagement Plans (TEP). Collaborate to ensure action plans are developed to address key areas of focus and document the plan and updates.
Provide coaching to Analysts/COI when performing reviews, including assistance with testing, exception determination, and addressing any questions from the Analysts/COI for their testing.
Act as a Mentor when onboarding and training new team members
Conducts interviews and discussions with managers at all levels to understand the processes, guidelines and technology platforms.
Participates and/or leads regular meetings with peers to build and maintain knowledge of current and emerging issues and risk in the environment
Analyze initial testing conclusions from exceptions identified, and coordinate with Manager to hold discussions with LOB compliance partners to discuss testing exceptions and associated issues.
Qualification
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Required
Bachelor's degree or equivalent work experience required.
Minimum of five years of experience within a testing role covering regulatory compliance in the financial services industry.
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.
Solid experience in manipulating (validating, correcting, reformatting, and transforming) data into more than one format, (e.g. spreadsheets, flat files, databases, etc.).
Understanding of consumer finance and of Fifth Third Banking products, business lines, Affiliate structure and operations, and Corporate support organization.
Strong understanding of the Federal Reserve and consumer financial Protection Bureau (CFPB) Examination standards and general Regulatory issuances.
Understanding of the operations and interdependencies of the Affiliates and Bancorp.
Understanding of back-office operations related to credit products.
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.
Company
Fifth Third Bank
Fifth Third Bancorp is a diversified financial services company, that specializes in small business, retail banking, investments. It is a sub-organization of Fifth Third Bank.
10,001+ employees
Funding
Current Stage
Public CompanyTotal Funding
unknown1978-01-13IPO· undefined
Leadership Team
Gregory Carmichael
Chairman & CEO
B
Bryan Preston
Chief Financial Officer
Recent News
2024-11-25
2024-11-07
Company data provided by crunchbase
