KYC Officer II

About Fifththird

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Job Summary

Responsible for coordinating and conducting KYC due diligence reviews on Prospects and Clients throughout the life cycle of the relationship and determining if the Prospect/Client is within the Bank’s risk appetite.

Key Responsibilities

• Serve as the primary point of contact for Client, Line of Business (LOB), and Financial Crimes Compliance regarding on-boarding, client documentation, Client Risk Assessments/AML/KYC requirements.
• Collaborate with LOB sales teams and Client to conduct required enhanced due diligence throughout lifecycle of the Client Relationship, including periodic reviews for High Risk Clients.
• Analyze and approve Prospect/Client profile, make determination if Prospect/Client is within the Bank’s risk appetite, and escalate to leadership when appropriate.
• Own and complete the day-to-day client onboarding process in a timely manner with little to no supervision, while ensuring compliance with regulatory requirements and internal policies.
• Develop a working knowledge of and relationship with all Clients within KYC Officer’s portfolio.
• Review current actions being taken regarding Clients to reduce risks to the organization, and provide detailed feedback to Client Risk Management regarding gap analysis, areas of success/concern and opportunities for improvement.
• Partner with first line of defense revenue producers to improve efficiency, effectiveness, productivity and/or control, improve the customer experience, and to satisfy banking regulations and requirements.
• Support the LOB as the client risk subject matter expert.
• Ensure client satisfaction throughout the due diligence review process by employing a customer centric approach.
• Partner with second line of defense to ensure that risks are managed responsibly and that there is a consistent and continuous understanding of the identity and background of all clients.
• Support resolution of Internal Audit, Compliance, or Risk Management related issues.

Requirements

• 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 Bank’s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.