Financial Crimes Product Owner – AML Monitoring

Lead a financial crimes product squad focused on AML monitoring technology enhancements and alignment across teams.

Responsibilities

• Oversee timely and accurate delivery of projects implementing or enhancing technology for financial crimes as a product owner on a financial crimes squad
• Set squad priorities by balancing timelines, strategic goals, production issue resolution, and other queued work
• Provide regular reporting on squad status, accomplishments, and challenges
• Partner with financial crimes subject matter experts to capture and deliver project requirements
• Develop a roadmap for new or enhanced monitoring use cases and coordinate delivery with partners across squads
• Strengthen and implement the Line of Business compliance program in alignment with existing laws and regulations, including governance, policies and procedures, monitoring, reporting, communications, and education
• Work with leaders across squads to explain and prioritize critical AML initiatives
• Prioritize both technical and business needs to support a highly available system that meets bank security and availability standards
• Articulate the business value and reasoning for projects to the Aegis squad, supporting engineering and team understanding
• Communicate significant issues to senior management
• Liaison with regulators as appropriate
• Build industry knowledge and relationships through industry networking
• Maintain awareness of division goals, regulatory and legislative developments, and industry trends
• Work with senior leadership to set departmental strategic direction and execute against goals and objectives
• Participate in and/or lead recurring peer meetings to share knowledge of current and emerging issues and environmental risk
• Oversee squad performance to support Financial Crimes division goals and Bancorp’s continued success in financial services
• Support recruiting by conducting interviews and providing candid, timely feedback
• Ensure proper orientation for assigned employees, both formal and informal
• Identify challenging work assignments and develop mentoring and education programs to build exposure to proactive problem solving
• Maintain ongoing two-way, timely, clear performance feedback to support healthy, proactive working relationships
• Encourage open dialogue to promote creative, out-of-the-box problem solving
• Review and implement approved solutions for Regulatory Monitoring and Change Management program ownership
• Ensure enhancement and ongoing support of AML monitoring technology (SAS AML)
• Lead a squad to improve identification of money laundering and predicate crimes while aligning work across squads

Requirements

• Bachelor’s degree or equivalent work experience required
• Demonstrate working or functional proficiency to apply software applications (Microsoft Office Suite) without assistance and with minimal supervision
• Ability to understand and conceptualize basic statistical analysis and theories
• Experience manipulating data (validating, correcting, reformatting, and transforming) across formats such as spreadsheets, flat files, and databases
• Ability to oversee and manage technology budgets and plan for future business needs
• Strong analytical skills to gather, assess, and present quantitative and qualitative data
• Ability to develop and support conclusions and make practical recommendations to 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 complete projects, including defining responsibilities, tasks, and deadlines
• Ability to collaborate across units (including Legal, Audit, or Business Units) to identify and solve problems or resolve issues
• Excellent oral and written communication skills, communicating upward, downward, and laterally
• Positive business presence with management and external contacts
• Sound judgment and logical, critical thinking when developing and recommending solutions
• Knowledge of the bank’s payments flow process, systems, and teams
• Ability to network with payments flow teams to accomplish project goals
• Ability to maintain professional composure in a dynamic environment with multiple competing priorities
• Strong SQL and data skills to support research and respond to regulator, audit, and management questions
• Full adherence to Fifth Third Core Values: Integrity, Teamwork and Collaboration, Respect and Inclusion, Accountability
• Adhere to Bank Secrecy Act and Anti-Money Laundering reporting and record keeping requirements, including observing economic sanctions by prohibiting transactions as specified by OFAC, following CIP rules, adhering to BSA/OFAC/CIP policies and procedures, and completing ongoing related training

Technologies

• SAS AML
• Microsoft Office Suite
• SQL

Benefits

• Incentive compensation plan eligibility
• Comprehensive benefits programs covering physical, financial, emotional, and social well-being

Bank Secrecy Act Requirements

• Responsible for adhering to Bank Secrecy Act reporting and record keeping requirements and Anti-Money Laundering rules and regulations
• Observe economic sanctions by prohibiting transactions as specified by the Office of Foreign Asset Control (OFAC)
• Follow the bank’s customer identification program (CIP) rules
• Observe all bank policies and procedures relating to BSA, OFAC, CIP, and related acts
• Participate in ongoing related training

Working Conditions

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

Location: Cincinnati, OH (onsite)