What are the responsibilities and job description for the IRA/CD Depositor Services Supervisor 2nd Shift position at Fifth Third Bank?
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GENERAL FUNCTION: Coordinates and directs the daily operations of both IRA and Time Deposit areas in Deposit Operations. Assigns work and determines workflow to meet or exceed SLA timeframes. Ensures daily support functions related to Bancorp IRA Time Deposit Operations meets compliance standards mandated internally or externally by the IRS or state law. Ensures accurate and professional service is extended to both internal and external customers.
Responsible and accountable for risk by openly exchanging ideas and opinions, appropriate escalation of 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
Knowledge And Skills Required
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 -- Grand Rapids, Michigan 49546
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.
We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.
GENERAL FUNCTION: Coordinates and directs the daily operations of both IRA and Time Deposit areas in Deposit Operations. Assigns work and determines workflow to meet or exceed SLA timeframes. Ensures daily support functions related to Bancorp IRA Time Deposit Operations meets compliance standards mandated internally or externally by the IRS or state law. Ensures accurate and professional service is extended to both internal and external customers.
Responsible and accountable for risk by openly exchanging ideas and opinions, appropriate escalation of 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
- Facilitate and coordinate relationships with key line-of-business stakeholders (e.g., Retail, Bancorp Legal) to minimize risks in the end-to-end Bancorp processes for IRA/Time Deposits within Depositor Services.
- Collaborate with corporate legal, business controls, retail and product to identify and interpret changes in regulatory situations, industry trends and product specific issues IRS, Federal and state guidelines to mitigate reputational and financial risk and manages their impacts to associated processes, procedure modifications, communicating any changes to the department.
- Facilitate project work, including analysis, writing requirements, developing and executing test plans.
- Plan, test and implement new applications, document changes, enhancements, mergers and/or conversions.
- Assist the manager in planning and monitoring the workflow of a group of employees within an assigned functional area, while maintaining optimum efficiency and cost effectiveness and ensuring that production standards are met and maintained.
- Assist in monitoring system and operational controls identifying areas of risk and suggesting possible improvements. Conduct the necessary research and create the supporting documentation for the improvements.
- Identify process improvement/efficiencies and assist in implementation of these ideas.
- Identify and comprehend the implications of the issues addressed (e.g., Legal, regulatory, operational in nature) and tracks those issues on the appropriate reports and continues to educate staff.
- Oversee & assist in resolving escalated operational & customer service issues, quality control issues, or employee issues.
- Perform any other duties/projects as assigned.
Knowledge And Skills Required
- Bachelor's degree or equivalent work experience.
- Minimum two (2) years supervisory/leadership experience.
- Minimum of five (5) years experience in operations or related experience.
- Strong verbal and written communication skills; ability to communicate with discretion.
- Ability to negotiate and collaborate with others, initiate action, adapt to change, make difficult decisions while considering the risk and accept challenging assignments.
- Knowledge of IRS Regulations preferred.
- Leadership skills, initiative, detail oriented, strong analytical skills and decisive decision making skills.
- Proficient in Microsoft Word, Excel, PowerPoint, Outlook and Access.
- Strong working knowledge of bank operating systems, Raft, ACE, Mobius, Document Direct, Image Archive, Frontier and the Retirement Reporting System.
- Ability to independently manage multiple priorities to meet strict deadlines.
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 -- Grand Rapids, Michigan 49546
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.