Compliance Manager - WAM

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GENERAL FUNCTION:

Responsible for managing the identification and assessment of compliance (regulatory) risks specific to WAM (primarily related to the personal trust line of products) and the execution of procedures to evaluate the WAM LOB compliance with laws, regulations and industry standards. Evaluates efficiency and effectiveness of existing programs, processes, and controls within departmental operations and proposes and implements solutions. 

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, achieve results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Assists the WAM Compliance Director with the overall management of the WAM Compliance Program, primarily the Personal Trust LOB.
• Responsible for developing, strengthening, and implementing the LOB WAM Compliance Program in compliance with existing laws and regulations, including governance, policies and procedures, monitoring, reporting, communications, and education.
• Initiates and facilitates collaborative alliances with line of business risk managers and other corporate partners to ensure the line of business compliance program is adequately managed.
• Assists in the development of strategic CRM goals and tactical and strategic planning systems.
• Communicates significant issues to senior management.
• Serves on various task forces or discussion groups to address compliance related issues.
• Oversees evaluations of line of business compliance processes and procedure effectiveness within the WAM LOB.
• Identifies opportunities, establishes action plans, and drives solutions to continuously improve the compliance Program, and increase efficiency.
• Liaisons with regulators as appropriate.
• Partner to create and/or review Training to develop awareness as it relates to specific laws and regulations.
• Provides leadership, coaching, and Assessment to ensure optimum team and individual performance in support of department, division, and Bancorp goals.
• Build industry relations through industry networking.
• Maintains a cutting-edge awareness of division goals, regulatory and legislative developments, and industry trends.
• Assumes additional responsibilities and leads special projects, as assigned.
• Participates in the analysis of LOB policies, procedures, and processes, external influences, peer bank best practices, current regulatory focuses, previous examination findings, and input from Audit and conducts interviews and discussions with managers at all levels to understand the business processes and Technology platforms.
• Analyzes data by numerous delivery channels, product types, and even employee or officer to identify risks and develop and recommend scope or target for the Review, corrective action/or performance gap closure. Develop and execute strategies for closing gaps in performance.
• Assess the adequacy of the business units recommended corrective action to the issues or gaps identified.
• Develop and report findings to Senior Management regarding their business lines (Legal, Audit, and Senior level Operating Committees).
• Participates and/or leads regular meetings with peers to Build and maintain knowledge of current and emerging issues and risk in the environment.
• Reviewing and implementing approved solutions for the Regulatory Monitoring and Change management Program ownership.
• Collaborate with the Compliance Testing Team to review and recommend their testing scope and advise on identified issues for discussion with the LOB.
• Contribute updates to the compliance risk assessment ensuring all regulatory requirements are included and mapped accurately to impacted products, processes and controls with appropriate risk ratings.
• Support post-implementation validation based on risk rating.
• Reviews reporting from the Councils for use by the Regulatory Change management Committee.

SUPERVISORY RESPONSIBILITIES: 

Manages staffing to ensure optimal performance in meeting the Risk Management Division's goals and the objectives of contributing to the Bancorp continued success in the Financial Services Industry. Assists in the recruiting process; conducts interviews and provides candid, timely feedback. Ensures proper orientation formal and informal for assigned employees. Identifies challenging work assignments, mentoring and education programs to give employees exposure to proactive problem solving throughout the company. Develops and maintains ongoing two-way timely and clear performance feedback to maintain healthy, proactive work relationships. Encourages open dialogue that promotes creative and out of the box problem solving skills. Researches and supports participation in leadership and skills-based training for all staff levels. Participates in the mentoring program to help staff and senior auditors reach their professional goals. Aggressively prepares all levels of staff for future.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

• Bachelor's degree or equivalent work experience required.
• 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.)
• Strong analytical skills required to gather, assess and present quantitative and qualitative data.
• Able to develop and support conclusions and make practical recommendations to the 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 accomplish a project or elements of a project (complexity of project scope to depend on seniority), identifying responsibilities, tasks, deadlines and pursuing their timely completion.
• Advanced understanding of wealth and asset management products (with a priority to personal trust) within a National Bank environment.
• Ability to work with a team, to identify and solve problems or resolve issues, including members from other units such as the Legal department, audit department, or business unit.
• Strong understanding of the Office of the Comptroller Currency and general Regulatory issuances.
• Advanced understanding of the operations and interdependencies of the Bancorp.
• Excellent oral and written communication skills. Effectively communicates upward, downward and laterally. Displays a positive business presence with management and external contacts.

#LI-GM1 

Compliance Manager - WAM

Total Base Pay Range 96,500.00 - 207,500.00 USD Annual

At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner. 

LOCATION -- Virtual, Ohio 00000

Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting.  Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third.  Any unsolicited resumes – no matter how they are submitted – will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.

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.