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SouthState Bank · 2 months ago

FIU Analyst - AML/BSA Case Analyst (Remote)

United States

Full-time

Remote

Senior Level

$49K/yr - $78K/yr

5+ years exp

SouthState Bank is a financial institution committed to helping customers move forward with personal relationships and innovative solutions. They are seeking an FIU Analyst/AML to assist with BSA-related functions, including the analysis and investigation of suspicious activity alerts, documenting case investigations, and ensuring compliance with relevant regulations.

BankingFinanceFinancial ServicesLendingWealth Management

Responsibilities

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

Qualification

BSA/AML regulationsFraud detectionAccount investigationsCAMS certificationAML monitoring systemsAnalytical skillsCritical thinkingCommunication skillsDetail-orientedOrganizational skills

Required

Bachelor's degree preferred

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

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

Excellent oral and written communication skills

Ability to draft reports, prepare documents, and compose letters, memorandums, and business correspondence

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