FIU Director Customer Risk

SouthState Bank

1d•Hybrid

About The Position

The FIU Director/Customer Risk supports SouthState Bank’s enterprise wide BSA/AML Program to ensure all regulatory requirements are met related to compliance with the onboarding, initial and ongoing monitoring and review of high and higher-risk customer relationships. Responsibilities include the identification of high-risk customers and relationships and the review and documentation of high-risk activity. 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

Bachelor’s degree preferred
Minimum 7-10 years of related senior level BSA/AML experience in the financial services industry; preference given to experience in a mid-size tier or larger financial institution
Experience managing people and projects
Experience conducting investigations and enhanced due diligence at an advanced level
Extensive experience with complex commercial structures
Experience with private capital, payments, trade finance, international banking a plus
Experience monitoring, reviewing and analyzing account activity in order to identify unusual or suspicious activity
Certified Anti-Money Laundering Specialist (CAMS) and/or other professional BSA/AML related certification preferred
In-depth knowledge of BSA/AML regulations related to monitoring of higher risk customer relationships
Strong understanding of bank operations including but not limited to navigating banking systems, understanding teller transactions and interpreting customer transactions
In-depth knowledge of and expertise in all industry segments, products and services classified as higher risk by any regulatory agency or prudential regulator
Proficiency in the requirements of CIP, IDV,CDD,EDD, and beneficial ownership to ensure compliance under the regulations as they pertain to the Bank Secrecy Act , USA PATRIOT Act and other relevant statutes, regulations or guidance
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.
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.
Advanced computer skills (spreadsheet and word processing); knowledge of and ability to use internal bank systems, a plus
Ability to read, analyze and interpret Federal and State banking regulations related to the Bank Secrecy Act and anti-money laundering

Nice To Haves

Experience with private capital, payments, trade finance, international banking a plus
Certified Anti-Money Laundering Specialist (CAMS) and/or other professional BSA/AML related certification preferred

Responsibilities

Design and implement BSA/AML related customer risk program elements to support the identification and oversight of higher risk activities throughout the company
Maintain expertise in all industry segments, product types and services generally considered high risk from a BSA/AML perspective
Manage the unit workflow and ensure duties of staff are performed as expected; conduct periodic quality control reviews to ensure high risk reviews are properly documented and unusual activity referrals are generated as warranted
Collaborate with colleagues across the company, including the FIU management team, to protect SSB's interests and advise the business lines on BSA/AML risk mitigation strategies, develop tools and methodologies to analyze, assess and monitor customer risk, contribute to key regulatory initiatives and report on customer risk exposures and metrics to enable an informed and strategic decision-making process
Maintain working knowledge of correspondent banking, including Wolfsberg and FATF oversight and monitoring requirements as applicable; manage the monitoring of downstream bank customer activity to ensure appropriate risk classification, oversight and the identification of unusual activity
Monitor the regulatory environment and industry trends to stay abreast of emerging risk
Responsible for the identification, tracking, risk classification and review of all relationships/accounts designated by the bank as high or potentially higher risk, as defined by regulatory guidance, the bank's risk assessment and/or policy
Maintain records related to all higher risk groups for use in assessing risk and required regulatory reporting
Perform up front due diligence and continued oversight of complex high-risk relationships
Ensure performance of risk-based periodic reviews of high-risk relationships
Develop, implement and maintain written procedures to support the functions performed in the Customer Risk unit
Manage, in collaboration with the FIU Systems and Technology unit, the Customer Risk elements of the bank’s transaction monitoring platform
Process requests for information related to audits and examinations
Prepare and deliver training materials to impacted staff as needed or assigned
Assist in projects as may be assigned related to BSA/AML and OFAC
Act as a technical resource for the various business lines for matters pertaining to higher risk activities, industries, customers and relationships
Escalate activity that meets the established criteria for investigating suspected fraudulent or problem accounts
Maintain proficiency in all aspects of BSA/AML 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