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Senior Quantitative Manager - Fraud New Account Screening

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, offering commercial banking, branch banking, consumer lending, and investment advisory services. Founded in 1858, it operates across numerous U.S. states.

Fifth Third Bank

Employee count: 5000+

Salary: 122k-262k USD

AU, BR + 16 more

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GENERAL FUNCTION:

The Senior Quantitative Manager is responsible for following established guidelines and identifying and resolving problems. Individual at this level is expected to utilize independence of thought but to refer more complex problems to supervisors or other experts. Individual would be expected to contribute to work flow or process change and redesign, and to form a strong basic understanding of the specifies product or process. May also be accountable for regular reporting or process administration as owner.

Incumbents at this level may manage a department, product or process with a large amount of independence. Typically referred to as technical expert and known internally and externally as reliable, knowledge able resource. Develops and exercised business plans, policies and procedures and may also be responsible for various projects to improve efficiencies. Individual at this level has a clear understanding of the firm's different businesses and the related economics.

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:

  • This person will lead a team of analytics and strategy professionals for the Fraud Strategy & Analytics team focused on new account screening for new to bank customer originations.
  • The leader will design, lead, and implement analytics, technology, and process improvement decisions focused on digital account controls and other channels for new account originations to drive profitability while mitigating fraud risk.
  • Utilize descriptive and predictive approaches to mitigate fraud trends, which include reporting, fraud rules, leveraging technology, and other quantitative approaches.
  • High level of independence for reporting, strategy, and analytics functions.
  • Lead and mentor junior analytics professionals, with the goal of developing top analytics talent.
  • Work cross functionally with the Fraud Strategy & Analytics team and other 5/3 stakeholders.
  • Provide ad hoc support for operations, strategy, and leadership analytics requests.
  • Required: Advanced degree in STEM field or equivalent experience.

SUPERVISORY RESPONSIBILITIES:

None

MINIMUM KNOWLEDGE SKILLS, AND ABILITIES REQUIRED:

  • Advanced degree in quantitative analytics, economics, statistics, engineering, or a related area.
  • In lieu of advanced degree, equivalent work/fraud experience
  • 5-10 years of experience
  • 2-4 years of management experience and evidence of leadership
  • 4-8 years experience with one of the following programing languages: SAS, R, and/or Python (experience via coursework acceptable)
  • 4-8 years experience in statistical/econometric modeling and database management
  • 4-8 years of proficiency with SAS (including statistical modeling), and SQL
  • Critical thinking skills (frame a problem, test a hypothesis, implement solutions)
  • Strong verbal and written communication skills
  • Strong analytical skills
  • Ability to present a professional image
  • Ability to work in a team environment
  • Ability to multi-task and to be flexible
  • Experience with Microsoft office products, such as Word, Excel, PowerPoint and Outlook is necessary
Senior Quantitative Manager - Fraud New Account Screening (Remote)Total Base Pay Range 121,900.00 - 262,100.00 USD Annual

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 -- Virtual, Ohio 00000

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.

About the job

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Posted on

Job type

Full Time

Experience level

Salary

Salary: 122k-262k USD

Education

Postgraduate degree

Experience

5 years minimum

Experience accepted in place of education

Hiring timezones

United States +/- 0 hours, and 17 other timezones

About Fifth Third Bank

Learn more about Fifth Third Bank and their company culture.

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Fifth Third Bank, with a rich heritage dating back to its founding in 1858 as the Bank of the Ohio Valley, stands as a testament to enduring financial service and innovation. Headquartered in Cincinnati, Ohio, the institution has evolved through strategic mergers and acquisitions, most notably the 1908 merger of Third National Bank and Fifth National Bank, which gave rise to its distinctive name. Throughout its history, Fifth Third has demonstrated a commitment to adapting to the changing financial landscape while remaining steadfast in its core mission: to be a trusted partner in the economic growth and prosperity of the individuals, families, businesses, and communities it serves. This dedication is underscored by a history of pioneering advancements, such as being among the first financial institutions in the U.S. to establish a corporate foundation in 1948 and launching one of the nation's first online ATM networks in the 1970s, known as 'Jeanie'.

At the heart of Fifth Third's operations is a forward-thinking approach that embraces technological innovation to enhance customer experience and expand its service offerings. The bank has consistently invested in digital transformation, evident in its development of products like Fifth Third Momentum® Banking and strategic acquisitions of fintech companies such as Dividend Finance, Provide, Big Data Healthcare, and Rize Money, Inc. These initiatives reflect a deep understanding of the evolving needs of modern banking consumers and businesses. Fifth Third's Newline™ proprietary Synthetic Core technology is a prime example of its innovation focus, designed to sit horizontally across account types and verticals, enabling the creation of impactful, compliant financial products beyond the limitations of traditional banking silos. This platform empowers fintech companies and their users to move money seamlessly across various account types with embedded compliance, showcasing Fifth Third's commitment to building the future of financial services through a combination of robust banking expertise and cutting-edge technology. The bank's ongoing efforts aim to redefine financial services by fostering seamless interoperability and customer-centric experiences.

Employee benefits

Learn about the employee benefits and perks provided at Fifth Third Bank.

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Paid holidays

Recognized paid holidays.

Paid sick days

Paid time off for illness.

Parental leave

Paid leave for new parents.

Performance bonus

Performance bonus opportunities.

View Fifth Third Bank's employee benefits
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