FIU Sr Analyst - SAR (Remote)

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/SAR will be responsible for managing the daily tasks associated with the company's SAR filing process, as well as assisting other FIU Analysts within the Financial Intelligence Unit with SAR related inquiries. He/she will assist the FIU Manager/AML as necessary to ensure consistency and timeliness of SAR filing compliance. Duties may also require case/alert review as necessary initiating from sources such as the bank's AML system or other external sources.

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

• Critical first level review of all suspicious activity reports within SouthState Bank and its applicable lines of business/subsidiaries;

• Ensure timely first level review of SARs for the Bank and its applicable legal entities within the Bank's BSA/AML monitoring software;

• Maintain proficient knowledge of the rules and regulations of the Bank Secrecy Act, all FinCEN guidance regarding SAR completion and filing, and Office of Foreign Assets Control regulations and rules to maintain compliance;

• May provide assistance and guidance to Bank and legal entity employees regarding the interpretation and implementation of the Bank Secrecy Act as it relates to SAR filing requirements;

• Assist the FIU Manager/AML as necessary in compiling data to provide to others in the FIU to track SAR filings and metrics;

• Identify opportunities for improvements related to the SAR filing processes in the FIU;

• Work collaboratively with Analysts to ensure high quality work is completed on a routine basis

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

  • Must have significant experience with creating and/or performing quality control on suspicious activity reports

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

• Certifications/Specific Knowledge:

  • Knowledge and understanding of BSA/AML regulations;

  • In-depth knowledge of BSA/AML regulations related to suspicious activity monitoring and reporting;

  • 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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