Synovus Names New BSA/AML Director

Rhea-AI Summary

Synovus Financial Corp. (NYSE: SNV) announced the hiring of Stephanie Wise as the Bank Secrecy Act and Anti-Money Laundering executive director, effective Oct. 31, 2022. Wise, based in Atlanta, Georgia, has over 20 years of experience in financial compliance and previously worked at Walmart and SunTrust. Her role emphasizes compliance with financial crimes regulations, reinforcing Synovus’ risk culture and client confidence.

Positive

• Stephanie Wise's extensive experience enhances Synovus' compliance capabilities.
• The hiring signifies a commitment to regulatory compliance and mitigating financial crime risk.

Negative

• None.

COLUMBUS, Ga.--(BUSINESS WIRE)-- Synovus Financial Corp (NYSE: SNV) today announced the hiring of Stephanie Wise as Bank Secrecy Act and Anti-Money Laundering executive director, effective Oct. 31, 2022. Wise reports to Executive Vice President and Chief Risk Officer Shellie Creson and is based in Atlanta, Georgia. She is tasked with oversight of Synovus’ enterprisewide operations related to compliance with financial crimes regulations – BSA, AML, and Office of Foreign Assets Control sanctions.

Stephanie Wise, Synovus Bank Secrecy Act and Anti-Money Laundering executive director (Photo: Business Wire)

Wise has more than 20 years of financial industry and financial crimes compliance experience. She joins Synovus from Walmart, where she served as director of global financial services compliance analytics since February 2021. Prior to Walmart, Wise held several leadership roles at SunTrust and Truist, including senior vice president and senior manager of financial crimes innovation, strategy, and analytics and senior manager of AML policy and operational execution management.

“Stephanie brings extensive knowledge and experience to Synovus and this key regulatory role,” said Creson. “She will be integral to enhancing Synovus’ risk culture and maintaining our robust reporting framework that helps maintain the confidence of our clients, communities, and stakeholders.”

Wise is a graduate of Georgia State University and holds a Certified Anti-Money Laundering Specialist designation from the Association of Certified Anti-Money Laundering Specialists. Deeply committed to her community, Wise is a sustaining member and endowment fund trustee of the Junior League of Atlanta.

Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $59 billion in assets. Synovus provides commercial and consumer banking and a full suite of specialized products and services, including private banking, treasury management, wealth management, mortgage services, premium finance, asset-based lending, structured lending, capital markets and international banking. Synovus has branches in Georgia, Alabama, South Carolina, Florida and Tennessee. Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com and on Twitter, Facebook, LinkedIn and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221102005099/en/

Audria Belton

media@synovus.com

Source: Synovus Financial Corp.

FAQ

Who is the new executive director for Synovus financial compliance?

Stephanie Wise has been appointed as the new executive director for Bank Secrecy Act and Anti-Money Laundering at Synovus.

What is the role of Stephanie Wise at Synovus?

Stephanie Wise will oversee Synovus’ operations related to compliance with financial crimes regulations, including BSA and AML.

When did Stephanie Wise start her role at Synovus?

Stephanie Wise began her role at Synovus on October 31, 2022.

What are the implications of Wise's hiring for Synovus (NYSE: SNV)?

Wise's hiring is expected to enhance Synovus' risk culture and strengthen compliance with financial regulations.