VP BSA Officer

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.

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

QUALIFICATIONS:

• 7+ years of BSA/AML/OFAC financial institution experience including supervisory experience
• Previous management experience
• CAMS or CFE certification and cannabis certification preferred, or ability to obtain
• 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
• Fiserv and BSA automated monitoring system experience preferred

ABOUT BRIDGEWATER BANK:

Picture yourself at one of the Twin Cities’ best places to work, surrounded by people who challenge you, support you, and inspire you to be your best. Welcome to Bridgewater Bank.

We’re on a mission to be the finest entrepreneurial bank in the Twin Cities. Like true entrepreneurs, we run fast and lean. We are in constant evolution and the runway for personal and professional growth is long. People are our strength, and that’s why we’ve created and sustained an award-winning culture that promotes growth and celebrates the big and little wins along the way.

At the end of the day, we believe competitive salaries, top-tier benefits, a hybrid work model, and transparency into the business is a given. Working together toward something meaningful with people you enjoy, is just a bonus! Will you join us? 

COMPENSATION & BENEFITS:

The typical annual base pay range for this role is between $120,000 - $140,000. Compensation may vary based on individual job-related knowledge, skills, expertise, and experience. This position is eligible for a discretionary annual incentive program driven by organization and individual performance.

Bridgewater Bank provides a broad offering of competitive benefits including (but not limited to):

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Parental leave
• 401(k) with employer match
• Paid vacation & paid holidays

PLEASE NOTE:

The above is intended to describe the general content of and requirements for this position.  It is not to be construed as an exhaustive list of duties, responsibilities, or requirements. It is Bridgewater Bank’s policy to promote equal employment opportunities. All personnel decisions, including, but not limited to, recruiting, hiring, training, promotion, compensation, benefits and termination, are made without regard to race, creed, color, religion, national origin, sex, age, marital status, sexual orientation, gender identity, citizenship status, veteran status, disability or any other characteristic protected by applicable federal, state or local law.

STATUS: Exempt

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.