SouthState Bank

FIU Analyst – Detection

SouthState Bank

full-time

Posted on:

Location Type: Remote

Location: United States

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About the role

  • Analyze fraud alerts and account activity for unusual or suspected fraudulent activity that derive from the bank’s surveillance monitoring systems and internal/external sources;
  • Monitor digital content resources to proactively identify and prevent content abuse.
  • Research and analyze high-risk transactions across all payment channels with a sense of urgency;
  • Proactively identify potential risk, develop loss mitigation strategies deployed within debit card fraud systems available;
  • Address and investigate debit card data breaches involving financial information to minimize risk to the organization;
  • Conduct account investigations and research to determine if further review is warranted;
  • Collect and analyze large volumes of financial data for potential fraud;
  • Conduct due diligence, evaluate the circumstances, and recommend appropriate risk-based actions for any cases of potential fraud; escalate as necessary;
  • Collaborate with personnel from other departments when conducting investigations, as appropriate;
  • Document all findings in a centralized case management system to ensure complete documentation is maintained as required;
  • Communicate with FIU management on internal control deficiencies detected during the account monitoring/investigative processes;
  • Maintain knowledge of the bank’s products, services, customers and geographic locations, and the potential fraud risks associated with those activities;
  • Escalate activity that meets the established criteria for investigating suspected fraudulent or problem accounts through the submission of an Unusual Activity Referral Form;
  • Maintain proficiency in all aspects of BSA/AML compliance;
  • Adhere to all provisions of South State Bank policies and procedures, including the confidentiality policy, code of ethics and BSA/AML/OFAC policies and procedures;

Requirements

  • Bachelor’s degree preferred
  • Minimum of 5 years extensive fraud and/or BSA/AML experience in a financial institution
  • Experience conducting bank fraud investigations
  • Experience in debit card fraud prevention and implementation of controls to minimize loss a plus
  • In-depth knowledge of BSA/AML regulations related to suspicious activity monitoring and reporting
  • Strong knowledge of fraud typologies and associated bank fraud schemes including online account opening, mobile, digital, and debit card fraud
  • Familiarity with payment types including digital banking products such as Zelle, Bill Payments, and Bank to Bank payments
  • Familiarity with various fraud detection and AML monitoring systems
  • 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) and/or CFE (Certified Fraud Examiner) certification preferred
Benefits
  • Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
  • Required annual compliance training.
Applicant Tracking System Keywords

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

Hard Skills & Tools
fraud analysisrisk mitigation strategiesdata analysisbank fraud investigationsdebit card fraud preventionsuspicious activity monitoringfraud typologiesAML monitoring systemsbank operationsfinancial data analysis
Soft Skills
communicationcollaborationinvestigative skillsattention to detailproblem-solvingurgencydecision-makingdocumentationinterpersonal skillsorganizational skills
Certifications
CAMSCAFPCFE