VP BSA Officer

Bridgewater Bank•Saint Louis Park, MN

1d•Hybrid

About The Position

Bridgewater Bank’s BSA Officer is responsible for leadership and oversight of the bank’s Bank Secrecy Act/Anti-Money Laundering and Office of Foreign Assets Control (collectively BSA) compliance program. The BSA Officer ensures the program is designed and operating effectively across all business lines, products, services, and delivery channels. The role requires oversight of the coordination and monitoring of day-to-day BSA workflows and ensures effective risk assessments, systems, controls, and reporting are maintained. The BSA Officer advances the BSA program by remaining current on regulatory developments and industry best practices, implementing regulatory changes, leveraging technology, and strengthening controls to support the bank’s strategic growth. The BSA Officer, as a trusted advisor, partners across the organization to collaborate, communicate expectations, deliver training, and promote a strong culture of compliance, while proactively identifying and communicating emerging risks and strengthening control frameworks.

Requirements

7+ years of BSA/AML/OFAC financial institution experience including supervisory experience
Previous management experience
Ability to interpret BSA/AML and OFAC regulations and provide succinct recommendations to varying audiences
Excellent oral and written communication skills
Strong attention to detail, critical thinking ability, and accuracy
Ability to multi-task, prioritize, and meet deadlines
Proficiency in Microsoft Excel, Word, PowerPoint, Teams, and Outlook

Nice To Haves

CAMS or CFE certification and cannabis certification preferred, or ability to obtain
Fiserv and BSA automated monitoring system experience preferred

Responsibilities

Designated BSA Officer and OFAC Officer with accountability for an effective BSA/AML and OFAC compliance program
Oversight of day-to-day BSA/AML and OFAC workflows ensuring they are effectively incorporated into risk assessments and encompass all business lines, products, services, and delivery channels.
Awareness of internal controls supporting the BSA/AML and OFAC compliance program throughout all business lines, products, services, and delivery channels, recommend changes, and assist with implementation to maintain a compliant program
Administer BSA requirements of the cannabis banking program
Collaborate with applicable bank teams, especially Payment Risk and Cannabis, to align workflows and information sharing
Lead BSA/AML and OFAC regulatory and technology implementation teams incorporating efficiencies and identifying risks
Identify and report on emerging BSA/AML and OFAC risks and their bank-wide impact
Provide BSA/AML and OFAC compliance program information and present, as needed, to Board of Directors
Provide BSA/AML and OFAC information for internal committees and Audit Committee
Oversee BSA/AML and OFAC training of Bank staff, including Board of Directors
Primary liaison for BSA examinations and independent audits with timely resolution of findings
Key contact for 314(b) and law enforcement inquiries
Key contact for BSA/AML and OFAC technology vendors and leverage the technology for efficiency and risk mitigation
Chair BSA/AML and OFAC related working groups and member of other assigned collaboration groups