FIU Analyst - AML/BSA Case Analyst (Remote)

The SouthState story is one of steady growth, deep community roots, and an unwavering commitment to helping our customers move forward. Since our beginnings in the 1930s to becoming a trusted financial partner across the South and beyond - we are known for combining personal relationships with forward-thinking solutions.

We are committed to helping our team members find their success while maintaining the integrity of our values: building trust, fostering lasting relationships and pursuing excellence. At SouthState, individual contributions are recognized, potential is cultivated and team members are inspired to achieve their greater purpose. Your future begins here!

SUMMARY/OBJECTIVES

The Financial Intelligence Unit (FIU) Analyst/AML is responsible for assisting with BSA related functions that can include: analysis, investigation and disposition of alerts generated from the bank's BSA/AML automated surveillance monitoring software, completing and documenting case investigations, and/or completing suspicious activity reports (SAR).

Essential functions can vary based on specific duties assigned.

It is the policy of SouthState Bank to comply with the Bank Secrecy Act (BSA), USA PATRIOT Act, and the requirements of the Office of Foreign Assets Control (OFAC), and other related anti-money laundering/ anti-terrorist financing initiatives. The Bank has established a Bank Secrecy Act/ Anti-Money Laundering/Office of Foreign Assets Control (BSA/AML/OFAC) Compliance Program, covering all requirements of the BSA, USA PATRIOT Act and OFAC rules and regulations.Upon completion of required training, the Board of Directors of SouthState Bank shall hold each employee accountable for adhering to the established operating procedures and internal controls as set forth in the Bank's BSA/AML/OFAC Program. Continued instances of non-compliance or willful violation of law may result in disciplinary action, up to and including termination.

ESSENTIAL FUNCTIONS

• Analyze accounts for unusual or suspicious activity through the use of various reports and alerts generated by the bank's anti-money laundering system;

• Process alerts by making a determination to clear or to escalate for further investigation based on an analysis of findings;

• Conduct account investigations and research in an effort to address any account irregularities and determine whether escalation is warranted;

• Ensure all determinations can be supported by evidence and are well documented in an organized, cohesive manner;

• Document all findings in a centralized case management system to ensure complete documentation is secured and maintained as required by law;

• Communicate with Bank personnel and management on CDD/EDD deficiencies detected during the account monitoring process;

• Escalate activity that meets the established criteria for investigating suspected fraudulent or potential unusual activity through the submission of an Unusual Activity Referral Form;

• Maintain proficiency in all aspects of BSA/AML and/or fraud compliance;

• Adhere to all provisions of SouthState Bank policies and procedures, including the confidentiality policy, code of ethics and BSA/AML/OFAC policies and procedures;

• Other duties and responsibilities may be assigned, according to the needs of the bank

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

COMPETENCIES

• Strong critical thinking, analytical and problem-solving skills;

• Ability to identify fraudulent, unusual and/or suspicious activity and understand when it needs to be escalated;

• Ability to perform a detailed analysis of accounts and relationships;

• Ability to work and thrive in a fast paced, high intensity, high demand and deadline driven environment;

• Self-motivated, dependable, adaptable, and detail-oriented with strong research and organizational skills;

• Ability to handle and accomplish multiple tasks and resolve competing priorities effectively;

• Proficient with PC work, including Microsoft Outlook, Word, Excel, PowerPoint, and other varying software if/as needed; knowledge of and ability to use internal bank systems a plus;

• Excellent oral and written communication skills;

• Ability to draft reports, prepare documents, and compose letters, memorandums, and business correspondence;

• Ability to interface with all business lines and legal entities and people of varying level, title and knowledge;

• Ability to read, analyze and interpret Federal and State banking regulations related to the Bank Secrecy Act and anti-money laundering

Qualifications, Education, and Certification Requirements

• Education: Bachelor's degree preferred

• Experience:

  • Minimum of 5 years banking experience in a BSA/AML Analyst position in a financial institution

  • Experience monitoring, reviewing, and analyzing account activity to identify fraud or suspicious activity

  • Experience conducting investigations and enhanced due diligence at an advanced level

• Certifications/Specific Knowledge:

  • Knowledge and understanding of BSA/AML regulations;

  • Familiarity with various AML monitoring systems and commercial research databases;

  • Strong understanding of bank operations including but not limited to navigating banking systems, understanding teller transactions and interpreting customer transactions;

  • CAMS (Certified Anti-Money Laundering Specialist) and/or CAFP (Certified AML and Fraud Professional) preferred

TRAINING REQUIREMENTS/CLASSES

• New Employee Orientation
• Required annual compliance training
• System-specific training as necessary to perform duties
• FIU/Financial crimes training as assigned by the Chief BSA Officer

PHYSICAL DEMANDS

• Must be able to remain seated or work standing in a confined area on a computer for a minimum of four (4) hours each workday.
• Must be able to constantly use hands and fingers to enter data through or on a computer or answer a phone throughout most of an eight (8) hour shift.
• Must be able to hear and communicate with coworkers and customers throughout the day.

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Position may require regular before/after normal business hours.

• Must be able to function in a professional, business office environment and act and dress appropriately for same, consistent with the Bank's grooming and dress codes.

• Must demonstrate excellent people skills with customers and coworkers.

• Must be willing to function as a team member.

• Must be willing to demonstrate commitment to South State Bank's mission and goals.

These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed above are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.

WORK ENVIRONMENT

Telecommuting roles no matter if hybrid or 100% full time telecommuting must have a secure home office environment that is free from background noise and distractions. They must also have a reliable private internet connection that is not supplied by use of cellular data (hot spot). Cable or fiber connections are preferred. Remote work is not a substitute for child/dependent care. Requirements are subject to change, as new systems and technology is delivered.

TRAVEL

Travel may be required for attendance at meetings as needed.

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