FIU Analyst - AML/BSA Case Analyst (Remote)

Southstate Bank•Va, NC

1d•$48,647 - $77,710•Remote

About The Position

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.

Requirements

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
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

Nice To Haves

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

Responsibilities

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