South State Bank

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Business Initiatives Leader-BSA/Compliance

at South State Bank

Posted: 11/14/2019
Job Status: Full Time
Job Reference #: *1D7DFB535BA8210C
Keywords: compliance

Job Description

Requisition Number
19-0543

Post Date
7/24/2019

Title
Business Initiatives Leader-BSA/Compliance

Work Hours
40 hours weekly/ 86.67 per pay period (exempt)

Employment Type
Full Time

City
Multiple Locations

Description
SUMMARY/OBJECTIVES
Position is primarily responsible for supporting the lines of business by working across business units and the three lines of defense to help with issues resolution, root cause analysis, escalation of complicated issues that need leadership assistance, and short term initiatives or manual work-arounds that need to be supported for the Lines of Business relative to BSA/AML/OFAC and Compliance. Issues would range from simple to very complex and could be related to systems, processes, issue inactivity, etc.

ESSENTIAL FUNCTIONS
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• Trouble shoot technology/process issues relative to BSA/AML tools and processes.
• Develop process flows and diagrams using process flow tools for business processes.
• Assist in developing, evaluating, and updating business process documentation.
• Assist in designing, documenting and evaluating BSA/AML OFAC and/or Compliance controls and work with the lines of business to implement new, more robust, and/or more effective controls
• Assist the lines of business in developing policies, procedures, monitoring and training as needed for first line responsibilities relative to BSA/AML and compliance programs and processes.
• Work with the teams to determine current state as well as longer term strategic direction for BSA and compliance processes. Assist in socializing recommended solutions
• Provides leadership in the management of relationships and integration/implementation of programs/services/initiatives with cross-functional business partners, recognizing the significance of competing priorities and strategies, and adjusting as necessary
• Works with functional management to obtain resources, influence outcomes, address conflict, and ensure alignment with South State strategy/policies and business line objectives
• Develop metrics and tracks/evaluates performance of programs, services, and initiatives as needed.
• Ensure plans/programs adhere to appropriate policies and regulations
• Work with Business Unit Risk Managers and leaders to ensure issues are identified and corrected, prioritized and assigned appropriate support from each area impacted. Lead, coordinate, and oversee work groups assigned to remediate identified issues as needed or appropriate. Provide consolidated executive level reporting on the status of significant issues.
• Building processes to ensure compliance as necessary with corporate risk policies. Participate in and supporting key initiatives such as new product and service development, infrastructure changes, conversions, etc. to ensure that risk(s) are appropriately addressed.
• Assist in the development and implementation of first line monitoring functions as appropriate.
• Support business in executing against BSA/AML/OFAC or other compliance requirements.

OTHER DUTIES
• Accepts other duties as assigned.

COMPETENCIES
• Prior management and/or supervisory experience. Experience working across lines of business with all levels of leadership, including executive leadership.
• Strong negotiation skills and the ability to work through and solve complex problems while gaining consensus. Strong project management skills.
• Strong oral and written communication skills.

QUALIFICATIONS AND EDUCATION REQUIREMENTS
• Education: Four Year College degree required.
• Certifications: Certified Anti-Money Laundering Specialist (CAMS)
• Experience: Minimum of 10 years broad based general banking experience, with a minimum of 5 years in Bank Secrecy Act/Anti-Money Laundering Compliance. Prior management and/or supervisory experience. Experience working with all lines of defense and banking regulators.
• Experience leading projects of moderate complexity and playing a key role in large complex projects with significant customer or employee impact.
• Knowledge: Knowledge of key banking regulations, with an emphasis on Bank Secrecy Act, Anti-Money Laundering and OFAC Compliance.
TRAINING REQUIREMENTS/CLASSES
Required annual compliance training.
40 hours of risk based annual training
RECOMMENDED ADDITIONAL TRAINING
New Employee Orientation
SUPERVISORY RESPONSIBILITY
This position has supervisory responsibilities.
PHYSICAL DEMANDS/WORK ENVIRONMENT
Must be able to stand and/or sit for long periods of time. Must be able to effectively access and interpret information on computer screens, documents, reports, and cash denominations, and identify customers.
TRAVEL
This position requires limited travel primarily within North and South Carolina.