FIU Analyst/AML-Fintech (remote capability)

SUMMARY/OBJECTIVES

The FIU Analyst/AML-Fintech will be responsible for assisting with BSA and related functions such as analysis, investigation and disposition of alerts generated from the bank’s BSA/AML automated surveillance monitoring software. This position requires extensive monitoring and disposition of alerts generated for customers engaged in the Fintech space. This individual will assist with various functions within the FIU, such as case management, project implementation, and other tasks assigned by the bank’s Chief BSA Officer.

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.
• Conduct account investigations and research in an effort to address any account irregularities and determine whether escalation is warranted.
• Process alerts by making a determination to clear or to escalate for further investigation based on an analysis of findings.
• Document all findings in a centralized case management system to ensure complete documentation is secured and maintained as required by law.
• Research customer onboarding/authentication results for signs of potential fraud and synthetic identities.
• Review system generated reports to identify fraud or unusual activity.
• Maintain proficiency in all aspects of BSA/AML compliance; attend FIU training as assigned by the Chief BSA Officer.
• 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.

OTHER DUTIES

·        Accepts other duties as assigned.

COMPETENCIES

• Strong research and problem resolution skills.
• Customer service and ability to work with all levels of employees.

Qualifications and Education Requirements

·        Education: Bachelor’s Degree Preferred

·        Certifications: CAMS (Certified Anti-Money Laundering Specialist) and/or CAFP (Certified AML and Fraud Professional) required or willingness to obtain within two years.

·        Experience: Minimum 5 years banking experience in a BSA/AML or Fraud related position in a financial institution.  Must have significant experience with creating and/or performing quality control on suspicious activity reports.

·        Experience in dealing with Fintech clients/ lines of business given preference.

·        Self-motivated, dependable, adaptable, and detail-oriented individual with strong analytical, writing, and organizational skills; Ability to write reports and business correspondence

·        Experience conducting investigations and enhanced due diligence at an advanced level. Skilled at monitoring, reviewing, and analyzing account activity to identify fraud or suspicious activity

·        Strong understanding of bank operations including but not limited to navigating banking systems, understanding teller transactions and interpreting customer transactions

·        Ability to read, analyze and interpret Federal and State banking regulations related to the Bank Secrecy Act and anti-money laundering

·        Strong computer skills (spreadsheet and word processing); knowledge of and ability to use internal bank systems a plus

·        Knowledge: Ability to interface with all business lines and legal entities and people of varying level, title and knowledge; Excellent oral and written communication skills; Must be detail oriented and proficient with PC work, including Microsoft Outlook, Word, Excel, PowerPoint, and other varying software if/as needed.

TRAINING REQUIREMENTS/CLASSES

On-line required annual training and FIU/financial crimes training as assigned by the Chief BSA Officer.

RECOMMENDED ADDITIONAL TRAINING

New Employee Orientation, PC Navigator, Web Director, Verafin, Excel, Adobe and other systems/software as required.

Supervisory Responsibility

This position has no supervisory responsibilities.

PHYSICAL DEMANDS/WORK ENVIRONMENT

Must be able to stand and/or sit for long periods of time. Must be able to effectively access and interpret information on computer screens, documents, reports, and cash denominations, and identify customers.

TRAVEL

This position does require travel.