Compliance Officer II-Bankcard Compliance

Location: Cincinnati
Posted on: November 20, 2024

Job Description:

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.Developsandexecutesstrategies for closing gaps in performance. Works mostly self directed, with minimal supervisory oversight. Also works within department and cross-department teams.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

.Participates in the analysis of lending policies and procedures, including scoring systems, strategic priorities, market share data, lending trends, external influences, current regulatory focuses, previous examination findings, and imput fromAuditandLegal, to develop a clear understanding of the Bank''s lending context as it relates to Compliance issues and risks.

.Conducts interviews and discussions with managers at all levels to understand the lending process, lending guidelines and technology platforms.

.Analyzes data by numerous delivery channels, geographic area, product types, facility, and even employee or officer to identify risks and develop and recommend scope or target for the review, corrective action/or performance gapclosure.Developsandexecutes strategies for closing gaps in performance.

.Assess the adequacy of the business units''/affiliate''s recommended corrective action to the issues or gaps identified.

.Develops and reports 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

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. Computer/Technical: Demonstrates working or functional proficiency sufficient to apply the use of software applications (Micro-Soft OfficeSuite)withoutassistanceandminimalsupervision..Three or more years of Officer or equivalent experience.

.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,flatfiles,databases,etc.).Strong analytical skills required to gather, asseses and present quantitative and qualitative data. Able to develop and support conclusions and make practical recommendations to the business lines and/orAffiliates..Advanced understanding of consumer finance and of Fifth Third Banking products (including Mortgage Products), business lines, Affiliate structure and operations, and Corporate support organization. Including, the bank''s managementteamsanddecision-making operations.

.Strong understanding of the Federal Reserve and Consumer Financial Protection Bureau (CFPB) examination standards and general regulatory issuances.

.Advanced understanding of the operations and interdependencies of the Affiliates and Bancorp. Including back-office operations related to credit products.

.Advanced 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 InteragencyCRAExaminationProcedures (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 judgement and apply logical and critical thought processes when developing and recommending solutions.

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