Fifth Third Bancorp Creates 100 New Tech Jobs, Salary Packages Worth More Than $100,000 Each
As Bank Expands Data and Digitization Work, Need for Strong Technology Talent Continues
Cincinnati - Fifth Third Bancorp is creating 120 new jobs in its rapidly expanding Information Technology division, adding to the 80 tech employees the Bank already hired in the past five months.
These roles will help the bank continue to accelerate delivering the best customer experience in the mobile and digital space. The Bank is recruiting developers, business systems analysts and project managers to add to its current team of 750 tech experts across the Bank's footprint.
"These are high-end technology roles that will help build the products to ensure that our customers have the best experiences," said Sid Deloatch, Chief Information Officer for Fifth Third Bancorp. "That can range from improving our mobile app to improving our back-end operations that provide better experiences in our financial centers, call centers and for all of our products and services."
More than 100 of the new jobs will offer salary packages worth more than $100,000 each.
By year's end, the Bank plans to employ more than 1,000 technology employees, a 27 percent increase since 2012.
Fifth Third continues to invest in technology as consumer behavior changes. People desire simple, intuitive and instant transactions, and they want many of the same functions on their banking apps as they find on their shopping and gaming apps. Fifth Third’s total mobile users have increased 28 percent from 2014 to 2015. More of the Bank’s customers are now choosing to be “mobile only” – customers logging into only mobile. That number jumped 58 percent from 2014 to 2015.
"The bank is deeply committed to investing in technology," said Greg Carmichael, President and CEO of Fifth Third Bancorp. Carmichael joined Fifth Third in 2003 as Chief Information Officer. He was named President of the Bancorp in September 2012, and was appointed to the Board of Directors in July of 2015. He became CEO in November of last year.
Given Mr. Carmichael's background, he values how technology can help the Bank to better serve its clients.
"Our customer is at the center of everything we do," Mr. Carmichael said. "To accomplish this, we need to invest in digitization and data."
Fifth Third is currently recruiting technology workers across the region, from Louisville and Indianapolis to Dayton and Cleveland.
Eleven years ago the Bank created the Information Technology Leadership Program to develop the technical aptitude, business skills and leadership abilities of entry-level Information Technology professionals for future leadership roles at Fifth Third. The Bank hires between six and 12 university graduates a year from this program for full-time jobs.
"Fifth Third set me up for success," said Justin Jemison, a senior app developer for Fifth Third Bancorp and a graduate of the leadership program. He now helps Fifth Third recruit new members for the program.
"When I do recruiting, people say, 'What’s an IT person going to do at a bank?'" he said. "Everything, I tell them. Everything at a bank runs on technology. And that helps them understand what a great opportunity there is at Fifth Third."
For more information on the tech job openings, or to apply, go to 53.com/careers.
About Fifth Third:
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $141 billion in assets and operates 1,254 full-service Banking Centers, including 95 Bank Mart® locations, most open seven days a week, inside select grocery stores and 2,593 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third also has an 18.3% interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of December 31, 2015, had $297 billion in assets under care, of which it managed $26 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at www.53.com. Fifth Third’s common stock is traded on the NASDAQ® Global Select Market under the symbol “FITB.” Fifth Third Bank was established in 1858. Member FDIC, Equal Housing Lender.