VP BSA AML Officer

Herring Bank

7d•Remote

About The Position

VP, BSA/AML Officer Location: Remote Schedule: Full-Time | Monday–Friday (Some Saturdays as Needed) Lead Financial Crime Compliance at Herring Bank Herring Bank is seeking an experienced Vice President, BSA/AML Officer to lead and oversee our Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and OFAC compliance programs. This executive-level position serves as the Bank's designated BSA Officer and plays a critical role in protecting the organization from financial crime while supporting strategic growth initiatives. The ideal candidate will bring deep expertise in regulatory compliance, financial crime risk management, and high-risk banking relationships, including cannabis-related businesses (CRBs/MRBs), money services businesses (MSBs), fintech partnerships, Banking-as-a-Service (BaaS), and other emerging payment solutions.

Requirements

Bachelor's degree with 7+ years of progressive BSA/AML compliance experience, including at least 3 years supporting higher-risk industries; or High school diploma or GED with 10+ years of related BSA/AML and banking experience.
Minimum 3 years of leadership or management experience.
Certified Anti-Money Laundering Specialist (CAMS) certification or the ability to obtain it within six months of hire.
Strong working knowledge of the Bank Secrecy Act, USA PATRIOT Act, OFAC requirements, FinCEN guidance, and the FFIEC BSA/AML Examination Manual.
Experience managing regulatory examinations, audits, and enterprise financial crime compliance programs.
Excellent analytical, investigative, communication, and leadership skills.
Ability to successfully pass a background check.

Responsibilities

Lead the Bank's BSA/AML/OFAC compliance program and ensure compliance with all applicable regulatory requirements.
Serve as the primary liaison with regulators, examiners, auditors, and law enforcement.
Report program performance, emerging risks, and compliance matters to executive leadership and the Board of Directors.
Oversee enterprise-wide BSA/AML governance for fintech partnerships, sponsor bank relationships, digital banking initiatives, payment services, and other strategic growth initiatives.
Develop and maintain risk assessment frameworks for high-risk customer portfolios, including MSBs, money transmitters, cannabis-related businesses, ATM operators, and other cash-intensive businesses.
Direct enhanced due diligence (EDD), transaction monitoring, suspicious activity investigations, and regulatory reporting, including SARs and CTRs.
Lead and develop the BSA/AML team while fostering a strong culture of compliance throughout the organization.
Partner with business leaders across Treasury, Operations, Digital Banking, Compliance, Information Security, Legal, and Enterprise Risk Management to ensure appropriate financial crime controls are embedded into new products and services.