SouthState Bank

FIU Manager – Sanctions

SouthState Bank

full-time

Posted on:

Location Type: Remote

Location: Remote • Alabama, Colorado, Florida, North Carolina, South Carolina, Texas, Virginia • 🇺🇸 United States

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Salary

💰 $85,153 - $136,024 per year

Job Level

Mid-LevelSenior

About the role

  • Manage FIU Sanctions team and assist with oversight of sanctions screening functions throughout the Bank;
  • Monitor compliance with OFAC/Sanctions requirements, policies, procedures, and processes throughout the organization;
  • Conduct in-depth analysis of relationships, accounts, and transactions identifying sanctions risks and compliance with the Bank’s OFAC/Sanctions requirements, providing recommendations to senior management;
  • Collaborate with business lines and departments to ensure compliance with the company-wide Sanctions program and procedures;
  • Provide guidance and impact to the Sanctions team on processes as sanctions laws and regulations change;
  • Serve as subject matter expert and technical resource in OFAC/Sanctions and escalate concerns promptly;
  • Ensure failures resulting from automated scans are properly resolved according to Bank policy and procedures;
  • Promptly notify Director of Sanctions, Chief BSA Officer, and BSA Officer of any identified relationships/accounts that require blocking or rejection;
  • Monitor the regulatory and sanctions environments, and assist in ensuring significant events impacting SouthState Bank, N.A. are addressed as appropriate;
  • Ensure that information sharing requests under 314(a) are processed in all applicable business lines throughout the enterprise pursuant to the regulation and review any resulting alerts to determine whether any are a positive match, and any 314(a) positive matches are reported as required;
  • 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; attend BSA training as assigned by the Chief BSA Officer;
  • Assist in timely maintenance of records in accurate and auditable format;
  • Identify opportunities for efficiencies with screening filters to reduce false-positive alerts;
  • Other duties and responsibilities may be assigned, according to the needs of the Department and the Bank.

Requirements

  • Bachelor's degree preferred
  • 5+ years sanctions management experience with deep knowledge of relevant regulations and frameworks in a banking environment (second line of defense preferred).
  • Strong understanding of U.S. sanctions regulatory requirements with experience conducting evaluations of activity and persons to identify sanctions risks or prohibitions/restrictions.
  • Experience interpreting sanctions laws and regulations and recommending appropriate actions based on requirements.
  • Experience with and knowledge of screening technology and systems with a preference for LexisNexis Bridger and Verafin.
  • Experience with international banking and foreign trade finance activities preferred.
  • Broad knowledge and understanding of BSA/AML, and CIP regulations.
  • Strong working knowledge and understanding of sanctions statutes and regulations in general.
  • Strong understanding of sanctions regimes, especially as it relates to comprehensive sanctions regimes.
  • Strong understanding of trade-based sanctions programs.
  • Strong understanding of bank operations including but not limited to navigating banking systems, understanding teller transactions and interpreting customer transactions.
  • ACAMS/CGSS Certification preferred.
Benefits
  • Equal Opportunity Employer, including disabled/veterans.

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
sanctions managementsanctions screeningcompliance analysisrisk identificationsanctions laws interpretationscreening technologyBSA/AML complianceCIP regulationstrade-based sanctions programsbank operations
Soft skills
collaborationguidancecommunicationproblem-solvinganalytical thinkingattention to detailleadershipadaptabilitydecision-makingproficiency
Certifications
ACAMSCGSS