Job Details
We are seeking an experienced Senior BSA Specialist to join our Compliance and Risk team at Bridgewater Bank. Reporting to the BSA Officer, the Senior BSA Specialist provides support in the development and administration of the Bank's BSA and OFAC compliance program. The Senior BSA Specialist leverages technology and maintains knowledge of regulatory changes/expectations related to job functions. Collaboration, communication, and training across all levels of the organization are critical to the Senior BSA Specialist position.
RESPONSIBILITIES:
- Conduct Suspicious Activity Report reviews and prepare filings as assigned
- Build quality control review scorecards and perform quality control reviews on junior BSA specialists
- Conduct Enhanced Due Diligence monitoring and analysis activities associated with BSA and OFAC compliance, making risk-based decisions.
- Lead escalation process as assigned
- Leverage technology and implement technology enhancements
- Respond to Bank BSA questions from staff
- Train Bank staff on BSA and OFAC topics
- Draft or revise procedures related to tasks performed
- Serve on applicable regulatory and technology implementation teams
- Back up as needed for other BSA and OFAC functions including:
- Customer Due Diligence
- Suspicious activity alerts and monitoring
- Currency Transaction Reporting
- Exemptions
- Monetary Instruments
- High risk questionnaires
- 314(a)
- HIDTA/HIFCA
- Office of Foreign Assets
- Maintain current knowledge of all applicable BSA and OFAC statutes, regulations, and interpretations
QUALIFICATIONS:- 4 - 6 years of BSA experience
- Prior experience working with BSA High Risk customers, preferably fintechs, third party payment processors, and money service businesses
- CAMS or CFE preferred, or ability to obtain
- Verafin experience preferred
- Cannabis banking experience preferred
- Prior experience leading a team preferred
- Quality control SME experience preferred
- Excellent oral and written communication skills
- Strong attention to detail, critical thinking ability, and accuracy
- Ability to meet deadlines
- Proficiency in Microsoft Excel, Word, PowerPoint, Teams, and Outlook
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 are 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!
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