FIU Analyst – Fraud Investigations
Job Description:
• Investigate referrals of suspicious activity related to potential external fraud and financial crimes
• Responsible for timely and complete documentation of investigative activity in the designated case management system, the collection and compilation of relevant evidence to support the case, and the preparation of well-constructed, complete, and accurate Suspicious Activity Reports (SARs) on applicable cases.
• Research and analyze high-risk transactions across all payment channels with a sense of urgency; 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;
• 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 writing quality SARs and reviewing SARs written by others.
• In-depth knowledge of all fraud typologies and experience conducting fraud investigations for financial institutions.
• Working knowledge of payment rails such as wire, ACH, debit cards, and checks.
• Knowledge relating to RTP, credit cards, and cryptocurrencies such as Bitcoin is helpful.
• Strong understanding of bank operations including but not limited to navigating banking systems, understanding teller transactions and interpreting customer transactions.
• CFE (Certified Fraud Examiner) and/or CAFP (Certified AML and Fraud Professional) and/or CAMS (Certified Anti-Money Laundering Specialist certification preferred).
• Ability to identify fraudulent, unusual and/or suspicious activity and understand when it needs to be escalated;
• Ability to perform a detailed analysis of accounts and relationships;
• 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 research and organizational skills;
• 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;
• 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;
Benefits:
• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• 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 be able to hear and communicate with coworkers and customers throughout the day.
• 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.
• Investigate referrals of suspicious activity related to potential external fraud and financial crimes
• Responsible for timely and complete documentation of investigative activity in the designated case management system, the collection and compilation of relevant evidence to support the case, and the preparation of well-constructed, complete, and accurate Suspicious Activity Reports (SARs) on applicable cases.
• Research and analyze high-risk transactions across all payment channels with a sense of urgency; 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;
• 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 writing quality SARs and reviewing SARs written by others.
• In-depth knowledge of all fraud typologies and experience conducting fraud investigations for financial institutions.
• Working knowledge of payment rails such as wire, ACH, debit cards, and checks.
• Knowledge relating to RTP, credit cards, and cryptocurrencies such as Bitcoin is helpful.
• Strong understanding of bank operations including but not limited to navigating banking systems, understanding teller transactions and interpreting customer transactions.
• CFE (Certified Fraud Examiner) and/or CAFP (Certified AML and Fraud Professional) and/or CAMS (Certified Anti-Money Laundering Specialist certification preferred).
• Ability to identify fraudulent, unusual and/or suspicious activity and understand when it needs to be escalated;
• Ability to perform a detailed analysis of accounts and relationships;
• 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 research and organizational skills;
• 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;
• 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;
Benefits:
• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• 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 be able to hear and communicate with coworkers and customers throughout the day.
• 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.