Job Description

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GENERAL FUNCTION: Responsible for the development and implementation of the Broker Dealer compliance program and management of the related Compliance Managers and teams, including ensuring compliance with Federal laws and regulations and industry standards. This position is responsible for providing strategic leadership / direction / oversight regarding the broker-dealer compliance risk management program, including policies, testing, reporting, and control framework. The incumbent is responsible for analyzing current and emerging regulatory trends and proposing and implementing recommendations or system solutions to mitigate identified risk. This position is also responsible for team member development and employee engagement.

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

ESSENTIAL DUTIES AND RESPONSIBILITIES:

* Direct, Develop and Oversee the strategic aspects of the compliance programs. This includes overseeing the development of Written Supervisory Procedures, surveillane program, testing programs, and the employee Education programs for the Broker Dealer.
* Responsible for the management, direction and oversight of Federal laws and regulations.
* Oversee / Direct the execution of the Broker Dealer compliance risk assessment for the compliance programs.
* Serve as a key contact with regulators for compliance exams (develop and maintain relationships, facilitate discussions, demonstrate strategic leadership regarding the program and future initiatives).
* Provide periodic reports to senior management and board committees on industry trends, state of the compliance programs and the status of Key initiatives.
* Develop and maintain relationships between compliance risk management and associated line of business leaders to ensure the implementation of effective compliance programs across the Bancorp and related Lines of business. Actively promote a solution-oriented environment throughout the department.
* Provide compliance subject matter expertise and sponsorship for Lines of business and Bancorp projects, processes, and products.
* Work with Lines of business compliance managers and officers to identify policy and procedural enhancements. in reference to new products and new initiatives work with the teams to ensure proper Assessment of the risk, the planning of Controls and the adequate execution of those controls.
* Maintain networks with industry working groups that are dedicated to bank compliance to benchmark and share best practices.
* Provide leadership, motivation, coaching and Assessment to ensure optimum team and individual performance in Support of department, division and Bancorp goals.
* Maintain a cutting edge awareness of company goals, regulatory and legislative developments, and industry trends.
* Leads and directs the analysis of policies and procedures, including scoring systems, strategic priorities, market share data, trends, external influences, current regulatory focuses, previous examination findings, and input from Audit and Legal.
* Conducts interviews and discussions with senior level managers to understand process, 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 gap closure. Develops and executes strategies for closing gaps in performance.
* Assess the adequacy of the business 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).
* Works closely with Sr. leadership to set strategic direction for department and executes on those goals and objectives.
* 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 approving recommended solutions for the Regulatory Monitoring and Change Management Program ownership.
* Review and address concerns from compliance testing results.
* Contribute updates to the compliance risk assessment.
* Areas of responsibility and accountability within compliance Include: Broker-Dealer Compliance, testing, monitoring and surveillance, financial crimes and all other relevant and applicable laws and regulations

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:

* Bachelor's degree required.
* Series 7 or 79 and 24 licenses required or ability to obtain quickly.
* 10 years of proven and progressive experience in the Broker Dealer, preferred.
* 5 years of Broker Dealer Compliance experience, preferred.
* Experience working with the FINRA or SEC is a plus.
* Comprehensive understanding of applicable laws, regulations and requirements, including industry practices and products.
* Previous experience implementing Broker Dealer compliance program required.
* Ability to think intuitively and strategically so that the department is enabled to anticipate, plan, and effectively execute to mitigate securities and commodities compliance risk.
* Highly developed managerial, communications, negotiation, analytical, organizational, project management, and strategic planning skills. Ability to take decisive action and to motivate and develop others.
* Must be able to evaluate and solve problems from multiple perspectives. Facilitation skills both in Training and meeting environments are essential.
* Excellent oral and written communication skills with the ability to present to all levels in the Bancorp.
* Ability to negotiate and collaborate with others, Initiate action, adapt to change, make difficult decisions, and accept challenging assignments.
* Ability to work independently and manage multiple complex projects simultaneously.
* Proficient with Microsoft Office products.
* Review and escalate compliance testing results.

WORKING CONDITIONS:

* Normal office environment with little exposure to dust, noise, temperature and the like.
* Extended viewing of a CRT screen.
* Some Travel Required.

LI-GM1

Compliance Director- Broker Dealer

LOCATION -- Charlotte, North Carolina 28202

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.