Financial Crimes Product Owner – AML Monitoring

Join Fifth Third Bank to help shape and deliver Anti-Money Laundering (AML) and Economic Sanctions strategies through product ownership of AML monitoring technology. This onsite role in Cincinnati supports a financial crimes squad focused on improving money laundering and predicate crimes identification, while aligning work across squads to strengthen compliance outcomes.

What you’ll do

• Oversee timely, accurate delivery of projects that implement or enhance technology supporting financial crimes as a product owner on a financial crimes squad.
• Set squad priorities by balancing timelines, strategic goals, production issue resolution, and other critical items.
• Provide regular reporting on squad status, accomplishments, and challenges.
• Partner with subject matter experts in financial crimes to ensure project requirements are captured correctly and delivered as intended.
• Develop and maintain a roadmap for new or enhanced monitoring use cases, coordinating delivery with partners across multiple squads.
• Strengthen and implement the Line of Business compliance program in accordance with laws and regulations, including governance, policies and procedures, monitoring, reporting, communications, and education.
• Explain and prioritize critical AML projects with leaders of other squads.
• Prioritize technical and business needs to support a highly available system aligned with bank security and availability standards.
• Communicate business value and reasoning to support engineering and other team members, including training and enablement around why initiatives matter.
• Escalate significant issues to senior management and act as a liaison with regulators as appropriate.
• Maintain industry knowledge and relationships through networking, and stay current on division goals, regulatory and legislative developments, and industry trends.
• Support strategic direction by working with senior leadership to set departmental goals and execute against objectives.
• Participate in and/or lead peer meetings to build and maintain knowledge of current and emerging issues and risk.
• Oversee squad performance to help meet Financial Crimes division goals and support Bancorp’s continued success.
• Contribute to talent and team effectiveness through recruiting support, interviews, orientation, coaching, and ongoing two-way performance feedback.
• Encourage open dialogue to promote creative, out of the box problem solving.
• Review and implement approved solutions for the Regulatory Monitoring and Change Management program ownership.

What you’ll need

• Bachelor’s degree or equivalent work experience.
• Functional proficiency applying software applications (including Microsoft Office Suite) with minimal supervision.
• Ability to understand and conceptualize basic statistical analysis and theories.
• Experience manipulating data through validating, correcting, reformatting, and transforming data across formats such as spreadsheets, flat files, and databases.
• Ability to oversee and plan technology budgets for future business needs.
• Strong analytical skills to gather, assess, and present quantitative and qualitative data.
• Ability to develop and support conclusions, make practical recommendations, and implement controlled, step-by-step processes.
• Capacity to plan and complete project work independently or with a team, including identifying responsibilities, tasks, and deadlines.
• Experience collaborating across units such as Legal, Audit, or Business units to identify and resolve problems.
• Excellent oral and written communication skills, with the ability to communicate upward, downward, and laterally.
• Sound judgment and logical, critical thinking when developing and recommending solutions.
• Knowledge of the bank’s payments flow process, systems, and teams, with the ability to network to accomplish project goals.
• Ability to maintain professional composure while managing multiple competing priorities in a dynamic environment.
• Strong SQL and data skills to research issues and respond to regulator, audit, and management questions.
• Full adherence to Fifth Third’s Core Values: Integrity, Teamwork and Collaboration, Respect and Inclusion, and Accountability.

Compliance and training requirements

• Adhere to Bank Secrecy Act and Anti-Money Laundering reporting and record keeping requirements, including observing economic sanctions by prohibiting transactions specified by OFAC.
• Follow the bank’s Customer Identification Program (CIP) rules and all bank policies and procedures relating to BSA, OFAC, and CIP.
• Participate in ongoing related training.

Benefits

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

Technologies

• SAS AML
• Microsoft Office Suite
• SQL

Working conditions

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