VP BSA Officer

4450 Excelsior Blvd Ste 100, St. Louis Park, MN 55416

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 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 coordination and monitoring of day‑to‑day BSA workflows, making sure effective risk assessments, systems, controls, and reporting are maintained.

The BSA Officer advances the BSA program by staying 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.

• 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 across all business lines, products, services, and delivery channels, recommending changes and assisting 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 the Board of Directors
• Provide BSA/AML and OFAC information for internal committees and the Audit Committee

• 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

The typical annual base pay range for this role is between $120,000 and $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.

• 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

STATUS:
Exempt