FIU Sanctions Specialist - (Remote)

Financial Intelligence Unit (FIU) Specialist/Sanctions

The SouthState story is one of steady growth, deep community roots, and an unwavering commitment to helping our customers move forward. Since our beginnings in the 1930s to becoming a trusted financial partner across the South and beyond - we are known for combining personal relationships with forward-thinking solutions.

We are committed to helping our team members find their success while maintaining the integrity of our values: building trust, fostering lasting relationships and pursuing excellence. At SouthState, individual contributions are recognized, potential is cultivated and team members are inspired to achieve their greater purpose. Your future begins here!

The work hours for this position are Monday - Friday, 11:30AM-7:30 PM EST.

Summary/Objectives

The Financial Intelligence Unit (FIU) Specialist/Sanctions supports SouthState Bank's enterprise wide BSA/AML/Sanctions Program to ensure all regulatory requirements are met related to compliance with the bank's OFAC/Sanctions requirements as well as USA Patriot Act section 314(a) requirements. Processes include reviewing and investigating customers and transactions subject to regulatory driven sanctions lists or internally developed watch lists.

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

• Review OFAC/Sanctions alerts resulting from automated scans and ensure alerts are properly dispositioned according to bank policy and procedures;
• Conduct research and document results in a timely and accurate manner;
• Maintain knowledge and understanding of OFAC/Sanctions requirements, policies, procedures, and processes throughout the organization;
• Notify Sanctions Director and appropriate management of potential true Sanctions matches;
• Assist with any positive match reporting preparation and filing;
• Act as a technical resource for the various business lines for matters pertaining to OFAC/Sanctions;
• Notify appropriate personnel through submission of the Unusual Activity Referral Form of any identified potential unusual or suspicious activity immediately;
• Maintain proficiency in all aspects of BSA/AML/Sanctions 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

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

Competencies

• Professional, effective communicator, both verbally and in writing;
• Ability to work and thrive in a fast paced, high demand and deadline driven environment;
• Demonstrate a strong sense of urgency by responding immediately to escalated issues and rapidly changing priorities;
• Exemplary customer service towards both internal and external parties is a requisite for this position;
• Ability to recognize situations warranting escalation, review or opportunities for alternative options to a supervisor;
• 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;
• Ability to identify unusual and/or suspicious activity and understand when it needs to be escalated;

Qualifications, Education, and Certification Requirements

· Experience:

o Minimum of 2 years related Sanctions experience

· Certifications/Specific Knowledge:

o Knowledge and understanding of BSA/AML, U.S. economic and trade sanctions programs,

314(a) regulations;

o Knowledgeable in payments transactions and SWIFT/ISO messaging preferred;

o Familiarity with bank operations in general

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 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 a four (4) 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 work late-afternoon shift (11:30AM ET – 7:30PM ET) five days per week.
• Must be willing to demonstrate commitment to SouthState 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

In accordance with Colorado law: Colorado pay for this position is anticipated to be between $43,468.00 - $69,437.00, actual offers to be determined based on applicant's skills, experience and education.