Bank Secrecy Act Specialist

We are looking for a diligent and detailed oriented BSA Specialist to join our Compliance and BSA team in St. Louis Park. Reporting to the BSA Manager, this position provides support in the execution of the Bank’s Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) compliance program. This position is based out of our St Louis Park, MN headquarters.

RESPONSIBILITIES:

• Conduct monitoring and analysis activities associated with BSA and OFAC compliance, making risk-based decisions on a timely basis. Includes, as assigned:
  • Suspicious activity alerts
  • Customer Due Diligence
• Identify HIDTA/HIFCA customers and maintain tracking
• Ensure suspicious activity alerts assigned remain risk based and identify new alerts
• Draft or revise procedures related to tasks performed
• Back up as needed for other BSA and OFAC functions including:
  • Currency Transaction Reporting
  • Exempt Customer Reporting
  • Monetary Instrument Log Monitoring
  • ATM and MSB Questionnaires
  • Enhanced Due Diligence
  • Potential OFAC Matches
• Maintain current knowledge of all applicable BSA and OFAC statutes, regulations and interpretations

QUALIFICATIONS:

• 1 to 2 years of BSA experience
• 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
• 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 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!

COMPENSATION & BENEFITS: 

The typical annual/hourly base pay range for this role is between $55,900 - $65,400. 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

Salary : $65,400