Financial Crimes Product Owner

As a leader in the banking industry, Fifth Third Bank is committed to providing exceptional financial services while upholding the highest ethical standards. We are seeking a highly motivated and experienced Financial Crimes Product Owner to join our team and play a crucial role in safeguarding our customers and bank from fraudulent activity. This individual will have a strong understanding of financial crimes, industry regulations, and technology solutions to develop and enhance our product offerings. The ideal candidate will possess excellent communication skills, critical thinking abilities, and a passion for continuously improving processes. If you are looking for a challenging and rewarding opportunity to make a meaningful impact, we invite you to apply for this role.

1. Develop and implement strategies to prevent and detect financial crimes in alignment with industry regulations and best practices.
2. Collaborate with cross-functional teams to identify and assess potential risks related to financial crimes.
3. Conduct thorough research and analysis to understand market trends and customer needs, and use this information to enhance our financial crimes product offerings.
4. Serve as the subject matter expert on financial crimes, providing guidance and support to various teams within the bank.
5. Work closely with technology teams to design, test, and implement new financial crimes prevention and detection tools and systems.
6. Monitor and evaluate the effectiveness of current financial crimes processes and make recommendations for improvements.
7. Develop and maintain relationships with external partners, such as law enforcement and regulatory agencies, to stay informed about emerging threats and regulations.
8. Ensure compliance with all relevant laws, regulations, and internal policies related to financial crimes.
9. Train and educate employees across the organization on financial crimes prevention and detection methods and procedures.
10. Proactively identify and report any suspicious or fraudulent activity, and take appropriate action to mitigate risks.
11. Monitor industry developments and changes in regulations related to financial crimes and make necessary adjustments to our product offerings and processes.
12. Represent the bank in meetings and conferences related to financial crimes.
13. Prepare and present reports and recommendations to senior management on the status of financial crimes efforts and any emerging risks.
14. Maintain a high level of professionalism and adhere to the bank's code of ethics and conduct at all times.

According to JobzMall, the average salary range for a Financial Crimes Product Owner in Cincinnati, OH, USA is between $70,000 to $130,000 per year. However, salary ranges can vary based on factors such as experience, skills, and the specific company and industry the individual is working in. Some companies may offer higher salaries or bonuses for this role, while others may offer lower salaries but additional benefits such as stock options or a flexible work schedule. It is important for individuals to research and negotiate their salary based on their qualifications and the market value for the role.

Fifth Third Bank is a bank headquartered in Cincinnati, Ohio, at Fifth Third Center. Its main businesses are Commercial Banking, Branch Banking, Consumer Lending and Wealth & Asset Management.