Compliance Officer II-Regulatory Compliance Testing

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GENERAL FUNCTION:

Leads in the identification and assessment of risks (Fair Lending, Responsible Banking, CRA) 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:

- 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.

SUPERVISORY RESPONSIBILITIES:

Responsible for providing employees timely, candid and constructive performance feedback; developing employees to their fullest potential and provide challenging opportunities that enhance employee career growth; developing the appropriate talent pool to ensure adequate bench strength and succession planning; recognizing and rewarding employees for accomplishments.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

• Education: 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
• 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.).
• 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.
• Understanding of the operations and interdependencies of the Affiliates and Bancorp.
• Including 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.

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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.