FIU Coordinator - Modeling & Analytics (Remote)

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!

SUMMARY/OBJECTIVES

The position supports SouthState Bank's enterprise wide BSA/AML/Fraud/Sanctions Program by performing detailed analytical work to support the design, methodologies, implementation, and enhancement of the department analytical models, tools, and systems. This position will perform tuning exercises for existing analytics, evaluate new models for usage, and maintain documentation on an ongoing basis of the system and model tools used by the FIU. This position is also responsible for providing support to the FIU Department, participate in model validations, and assist in remediating model deficiencies identified by management.

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

• Leveraging both current and emerging technologies and applications, cover all key aspects of model development and analytics (data identification and gathering, methodology, performance assessment, documentation, and ongoing monitoring).

• Develop and maintain working knowledge of models and serve as the Departments subject matter expert on model usage and methodologies.

• Develop and maintain tuning methodology documentation of all AML/Fraud/Sanctions/CDD/EDD analytical models including agent data sources and other documentation.

• Perform and maintain documentation for tuning analysis of AML, Fraud, and other analytical models and recommend adjustments to improve performance.

• Perform scoping analysis on new agents or modules, work with FIU management to test and evaluate new analytics and provide recommendations for utilization.

• Perform a broad range of quantitative modeling and analysis of financial crimes to assess coverage and evaluate model development. Perform ad hoc analytics to address financial crime compliance needs in AML/BSA/Fraud/Sanctions/Customer Risk.

• Complete under threshold testing review for AML module and provide recommendations for enhancements or adjustments to AML analytics.

• Maintaining custom behaviors and profiles within the Verafin system.

• Identify and analyze customers, transactions, and trends to develop and tune transaction monitoring systems through statistical modeling and graphic analysis.

• Create statistical representative samples for monitoring ATL/BTL testing to validate that the transaction monitoring model is effective and functioning properly.

• Perform internal model testing, memorializing model selection rationales and defined assumptions.

• Develop and test experimental designs, sampling techniques and analytical methods to monitor new typologies and emerging risks.

• Maintain proficiency in BSA compliance and applies significant knowledge in BSA/AML/Sanctions to refine and tune system rules, modules, scenarios, configurations, and settings.

• Notify appropriate personnel through submission of the Unusual Activity Referral Form of any identified potential unusual or suspicious activity immediately.

• Assist in projects or other tasks as may be assigned.

• 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.

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

COMPETENCIES

• Experience in both traditional and machine learning/artificial intelligence modeling practice and solutions

• Experience in processing and analyzing large amount of data for statistical modeling and graphic analysis

• Experience with model tuning, documentation, and development processes

• Ability to write complex queries for reporting, data mining, and research preferred

• Experience working in core banking systems (Fiserv preferred)

• Experience working in AML software platforms (Verafin and BAM preferred)

• Knowledge and understanding of BSA/AML, Fraud, and Sanctions regulations, technology, and data analysis best practices

• Ability to perform analysis of BSA related data to draw conclusions on model performance and tuning analysis

• Self-motivated, dependable, adaptable, and detail-oriented individual with analytical, writing, and organizational skills

• Ability to handle multiple projects and tasks simultaneously

• Strong verbal, written and visual communication skills; ability to translate technical observations to non-technical audience

• Proficient with Microsoft Outlook, Office, Excel, PowerPoint and able/willing to adapt to new software if/as needed

Qualifications, Education, and Certification Requirements

• Education: BA/BS in business, data science, or comparable preferred

• Experience:

  • At least 3 years' experience in a highly regulated environment with AML, Fraud, and OFAC knowledge and relevant typologies to facilitate meaningful analysis to support analytical model development and enhancement.

  • In-depth knowledge of AML/Fraud transaction and monitoring systems and Sanctions screening systems (LexisNexis Bridger preferred, extensive Verafin experience required).

  • Verafin experience including tuning, optimization, administration/configuration management, data/file import mapping and validation.

  • Knowledge and experience in use of analytical tools to validate large datasets to identify gaps, issues, or mapping deficiencies of systems preferred.

  • Experience in using a variety of modeling techniques.

  • Experience in independent validation of data analysis and modeling projects.

  • Demonstrated knowledge of Microsoft suite (Word, Excel, PowerPoint) particularly with advanced Excel features such as PivotTables and formulas required.

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 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.

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 demonstrate commitment to South State 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.

Benefits | SouthState Careers

Equal Opportunity Employer, including disabled/veterans.