Sr Loan Monitoring Officer (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

It is the responsibility of the Sr. Loan Monitoring Officer to take ownership of all tasks and challenges that they encounter in the operation of their assigned position. The Sr. Loan Monitoring Officer is responsible for execution of compliance monitoring reviews as established by the Compliance Monitoring Program, to assist in maintaining compliance risk within established risk appetite levels.

ESSENTIAL FUNCTIONS

The Sr. Loan Monitoring Officer will evaluate the Bank's adherence to various policies and procedures designed to ensure compliance with certain federal banking laws and regulations through on-going periodic testing and monitoring efforts.

Duties and responsibilities include but are not limited to the following.

• Maintain an up-to-date knowledge of applicable federal banking laws and regulations, as well as the Bank's organizational structure, products and services, and operating systems, and apply this knowledge to document and draw appropriate conclusions on the effectiveness of regulatory compliance matters.

• At the direction of the Compliance Monitoring Manager, perform compliance monitoring and testing to ensure the Bank is in compliance with lending regulatory requirements. This includes:

• • Creating and maintaining review specific monitoring/testing plans.

  • Identifying and gathering material necessary to perform reviews in a timely and efficient manner.

  • Performing applicable testing/monitoring of related Bank policies, procedures, and practices.

  • Documenting all review work and research in a complete, clear and concise manner.

  • Evaluating existing processes and practices to ensure efficient and effective ongoing compliance with regulatory requirements and internal policies and procedures designed to adhere to those requirements.

  • Identifying instances of non-compliance and "root cause" of the issue.

  • Drafting findings and recommendations for corrective action of issues and enhancements to existing practices as warranted in a clear and concise manner free of grammatical and spelling errors.

  • Performing follow-up testing to validate adequacy and effectiveness of corrective action.

  • Recording and maintaining review results in Issues Management system.

• Ensure oral and written communication is clear, timely, proactive, and concise. Keep business unit partners informed of relevant issues and ask appropriate questions and demonstrate active listening skills. Interact confidently, courteously, and professionally with business partners at all levels.

* Assisting the Compliance Monitoring Manager with other duties that may be assigned.

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

COMPETENCIES

• Broad knowledge of federal and state compliance laws and regulations governing loan products and services.

• In-depth practical knowledge of internal controls, compliance processes, and applicable techniques for the implementation of regulatory and legal requirements.

• Experience independently developing and performing compliance monitoring reviews.

• Strong written and verbal communication skills to communicate effectively with diverse groups and individuals.

• Strong organizational, analytical and research skills with attention to detail.

• Ability to evaluate complex problems, draw conclusions and summarize communications to management.

• Experience with Microsoft Outlook, Office, Excel, PowerPoint, etc. and ability to adapt to monitoring related software.

Qualifications, Education, and Certification Requirements

* Education: Bachelors' degree. Business, finance or related field preferred.

• Experience: Minimum of five years' experience in regulatory compliance and/or compliance audit.

• Certifications/Specific Knowledge: CRCM or CIA certification not required, but desired.

TRAINING REQUIREMENTS/CLASSES

• Required annual compliance training.

• New Employee Orientation.

• Enterprise Compliance personnel are also required to complete continuing compliance education per year. Training requirements are met through computer-based training, videos, webinars, teleconferences, or seminars.

PHYSICAL DEMANDS

Must be able to effectively access and interpret information on computer screens, documents, and reports. This position requires a large amount of time in front of a computer. This can be done sitting or standing with use of the right desk.

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. Requirements are subject to change, as new systems and technology is delivered. Travel may be required to come to meetings as needed.

Benefits | SouthState Careers

Equal Opportunity Employer, including disabled/veterans.