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Position not available for immigration sponsorship.

GENERAL FUNCTION:    

This position will monitor and test specific information reporting processes (i.e. Tier II testing) on a regular basis in order to assess compliance Treasury/IRS withholding and reporting regulations as well as providing tax technical guidance to assigned lines of business. 

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:

Oversee Tier II Testing Program for assigned business line including review of written procedures, sampling of account tax documentation/on-boarding processes, testing of withholding process, and verification of year end reporting process and forms to ensure compliance with information reporting regulations. During the testing phase work with LOB to develop and implement plan(s) to remediate/mitigate deficiencies identified during testing.Review procedures and policies to ensure that adequate information reporting requirements, including FATCA (Foreign Account Tax Compliance Act) and TIN solicitation, are included and examine any training materials provided to ensure that there is a process in place to adequately train new hires as well as ongoing training for all other employees.Review and evaluate the sufficiency of information reporting risks and controls identified in the RCSA process.Inform assigned Regulatory Change Management Councils of any new information reporting requirements or changes in regulations and provide tax technical support to all bank employees as needed.  Identify and interpret any new information reporting (IR) related requirements for each council by utilizing various information sources (IRS, Treasury, third party subscriptions) in order to compile a list of applicable requirements for which the council needs to be informedDevelop general familiarity with the systems used within the business line that impact customer documentation, tax withholding and/or yearend reporting.  Where processes are manual rather than systematic, ensure the manual process meets all Information Reporting requirements.Interact on an ongoing basis with the line of business, business controls and operational risk contacts to address current or forward-looking risks associated with information reporting. Communicate to senior management through established risk channels any key material risks related to information reporting.Provide technical guidance on information reporting related matters to assigned business line on a regular and ongoing basis.Participate as a subject matter expert on project teams responsible for the development or upgrade of products or systems.Assist in the review of recent or proposed changes in Federal, state and local information reporting legislation and regulations that will have an impact on bank compliance.  Communicate changes to assigned line of business in a timely manner to achieve or maintain compliance with regulations.

SUPERVISORY RESPONSIBILITIES:             May have some supervisory experience over a team.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

Bachelor's degree required (Accounting or Finance preferable, CPA, MBA or JD Desirable).Minimum 5 years’ experience with previous exposure to and knowledge of Information Reporting regulations including hands on experience with specific Information Reporting related forms. Familiarity with products and activities of assigned business line preferred.Proficient in Excel as well as Word and Microsoft Office.Other Skills: Excellent interpersonal, analytical, communication skills and ability to develop and manage business relationships within and outside the Company. Effective group presentation skills.

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LOB Information Reporting Manager

LOCATION -- Cincinnati, Ohio 45202

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.