FIU Manager Complex Customer Risk (Remote)

SUMMARY/OBJECTIVES

The FIU Manager/Complex Customer Risk supports the Bank’s enterprise-wide BSA/AML/OFAC Program to assist management in minimizing the Bank’s exposure to BSA/AML/OFAC risk by performing up front and ongoing due diligence of complex commercial customers utilizing a variety of resources and tools to assess customers for BSA/AML/OFAC risk and recommend appropriate risk mitigation. The FIU Manager/Complex Customer Risk must keep abreast of the current and emerging BSA/AML/OFAC regulations and financial crime trends and understand the Bank’s risk appetite to assist in managing and identifying higher risk accounts.

It is the policy ofSouthStateBank tocomply withthe 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 hasestablisheda 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 ofSouthStateBank shall hold each employee accountable for adhering to the established operating procedures and internal controls asset forth inthe 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

• Manage the department workflow and ensure duties of staff are performed as expected; 

• Conduct periodic quality control reviews to ensure high risk reviews are properly documented and unusual activity referrals are generated as warranted;

• Develop and propose recommendations to address BSA/AML/OFAC risks and processes requiring enhancements;

• Understand trends in underlying customer data and detect risks that warrant decisioning;

• Discuss and escalate unique complex customer types, structures, financial products, services, and other AML risks;

• Analyze new and existing complex business relationships to determine risk and provide recommendations for approval or denial; 

• Assist in the creation and maintenance of case files documenting all information used in the review of certain higher risk industries;

• Ability to read, analyze and interpret Federal and State banking regulations related to the Bank Secrecy Act and Anti-Money Laundering statutes and regulations;

• Maintain proficiency in all aspects of BSA/AML compliance; attend regular BSA trainings as assigned;

• Adhere to all provisions of SouthState Bank policies and procedures, including the confidentiality policy, code of ethics and BSA/AML/OFAC policies and procedures;

• Provide recommendations on adding, retaining, or removing customers to/from the bank’s high risk customer monitoring process through collaboration with management;

• Other duties and responsibilities may be assigned, according to the needs of the Bank;

• Familiarity with bank operations in general.

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

COMPETENCIES

• Familiarity with various AML monitoring systems and commercial research databases;

• Familiarity with complex customers such as third party payment processors and senders, private equity/venture capital, program managers, institutional investors and FinTech companies;

• Strong research and problem resolution skills;

• 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 analytical and organizational skills;

• 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: 

• 7 years minimum of related BSA/AML experience in a management capacity

• Minimum 3 years supervisor or management experience

• Experience in mentoring and coaching subordinates to develop the requisite skills to achieve full potential

• Experience managing multiple people and projects

• Experience performing customer due diligence and enhanced due diligence at an advanced level

• Experience monitoring, reviewing and analyzing account activity in order to identify unusual or suspicious activity

Certifications/Specific Knowledge: 

• In-depth knowledge of BSA/AML regulations and regulatory expectations related to higher risk customer types

• 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

• NewEmployee Orientation

• Required annual compliance training

• System-specific training as necessary to perform duties

• FIU/Financialcrimes 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 beable 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 beable 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,skilland/or abilityto 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 (hotspot). 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 technologyisdelivered. 

TRAVEL

Travel may befor attendance atmeetings as needed.