FIU Analyst

As a leading regional bank, SouthState has been providing financial solutions to individuals, families, and businesses in the Southeast for more than 100 years. SouthState team members strive to create remarkable experiences while building meaningful and lasting relationships. We are proud to be a reflection of the communities we serve, and our team members share core values that make SouthState a great place to bank, and a great place to work.

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.

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

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.