FIU Analyst_Fraud Investigations

Job Overview

The FIU Analyst/Fraud Investigations is responsible for external fraud investigation cases, ensuring compliance with all policies and procedures, as well as all applicable state and federal banking regulations, minimizing loss exposure to the Bank and its customers. Responsibilities include investigating multiple fraud typologies and preparing accurate, complete and timely Suspicious Activity Reports (SARs).

Essential functions can vary based on specific duties assigned.

It is the policy of South State 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 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 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.

• Investigate referrals of suspicious activity related to potential external fraud and financial crimes.
• Document investigative activity in the designated case management system, collect and compile relevant evidence, and prepare well‑constructed, complete, and accurate SARs.
• Research and analyze high‑risk transactions across all payment channels with a sense of urgency.
• Conduct due diligence, evaluate 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.
• Communicate with FIU management on internal control deficiencies detected during account monitoring and 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.
• Other duties and responsibilities may be assigned in accordance with the needs of the bank.

• Strong critical thinking, analytical and problem‑solving skills.
• Strong verbal and written communication skills.
• Subject‑matter expertise in a wide range of fraud typologies including online banking fraud, account takeovers, check fraud, debit card fraud, ATM investigations, ACH/Zelle fraud, and business email compromise.
• Ability to identify fraudulent, unusual and/or suspicious activity and understand when it needs to be escalated.
• Ability to perform 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 relevant software; knowledge of and ability to use internal bank systems is a plus.
• Excellent oral and written communication skills.
• Ability to draft reports, prepare documents and compose business correspondence.
• Ability to interface with all business lines and legal entities, and people of varying levels, titles and knowledge.
• Ability to read, analyze and interpret federal and state banking regulations related to the BSA and anti‑money laundering.

• Education
  :
  Bachelor's degree preferred.
• Experience
  :
  • 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.
• Certifications/Specific Knowledge
  :
  • In‑depth knowledge of…