To meet demands of more customers using online and mobile websites to do their banking and to use technology to improve operations, Fifth Third is expanding its information technology division, according to the company.
As a result, Cincinnati-based Fifth Third has created about 120 new jobs for which it’s hiring now in the technology department including positions such as developers, business systems analysts and project managers.
Over the last five months, the department has already added about 80 new technology-related workers, growing the information technology division to about 750 employees total, according to the bank.
Plans are to grow technology employment to more than 1,000 people by the end of the year, Fifth Third announced Monday. That also means the bank expects to have more job openings to fill as the year goes on.
The bank is also boasting pay packages of more than $100,000 each for over 100 of the 120 or so job openings.
“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, in a written statement. “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.”
For more information or to apply, visit 53.com/careers.
New hires would work in a suburban Cincinnati office in Madisonville and in downtown Cincinnati offices.
The number of customers using Fifth Third’s mobile application increased 28 percent from 2014 to 2015, and the company has found more customers are now choosing to be “mobile only.”
Last year, Fifth Third announced plans to shed approximately 100 bank branches by the end of June 2016 across its 12-state footprint, and other large banks have announced similar moves.
Ohio’s second largest bank by deposits held first introduced mobile check deposit services in 2013, and the adoption by customers was faster than expected, spokesman Larry Magnesen previously said.
However, industry experts don’t expect technology to mean the end of the bank branch, as branch offices shift services to focus less on everyday transactions such as deposits and focus more on financial consulting such as wealth management.
Fifth Third ranks as Ohio’s 35th largest employer of approximately 8,850 people, according to Ohio Development Services Agency, which published its most recent list of top employers in April 2015.