Job Description
- Job Description:
- 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.
- Requirements:
- 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
- CAMS (Certified Anti-Money Laundering Specialist) and/or CAFP (Certified AML and Fraud Professional) preferred.
- Benefits:
- Equal Opportunity Employer, including disabled/veterans.
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