Compliance & BSA Officer

Minnesota Bankers Association; Richfield (MN); Hybrid; USD 86,000 - 125,000; Full time

Benefits offered by this job

Medical, Dental, and Vision

HSA with company contribution

401(k) with company contribution and match

12 paid holidays

Job summary

United Bankers’ Bank in Richfield, Minnesota, seeks a Compliance & BSA Officer to lead compliance initiatives and ensure regulatory excellence. This role offers flexibility to work in-office three days a week after training. Candidates need a minimum of 3 years' bank compliance experience and strong communication skills. The position provides a salary range of $86,000 – $125,000 plus an annual bonus based on performance, alongside comprehensive benefits including medical and 401(k) contributions.

Qualifications

• Minimum 3 years' experience in bank compliance.
• Knowledge of deposit, operations, and loan systems.
• Polite, informative, and friendly professional demeanor.

Responsibilities

• Ensure all compliance policies are adhered to.
• Provide consultative services on compliance matters.
• Report any policy violation to senior management.
• Evaluate new products for compliance.

Skills

Problem resolution

Written communication

Verbal communication

Knowledge of banking regulations

Education

Associate’s degree in Banking, Finance or relevant work experience

Tools

Microsoft Office (Word/Excel)

Job description

Job Description

Are you a compliance expert ready to take the next step into a pivotal leadership role? United Bankers’ Bank is seeking a Compliance & BSA Officer to serve as a cornerstone of our Enterprise Risk team. In this high‑visibility position you won’t just monitor policies—you will influence them. Reporting directly to the Enterprise Risk Manager and collaborating with senior leadership, you will ensure our institution remains a gold standard in regulatory excellence, from AML‑CFT policies to securities sales and trading compliance. United Bankers’ Bank is a correspondent bank serving community banks, offering a distinct compliance environment and a compelling mission.

The ideal candidate will be located in the Twin Cities and will have the option to work a hybrid schedule in the office 3 days per week, Tuesday–Thursday, after the initial training period.

Essential Responsibilities

• Work with each department to ensure all compliance policies are adhered to.
• Maintain an advanced knowledge of laws, regulations, and regulatory guidance related to the bank's activities and products.
• Provide consultative services to all departments relative to compliance matters and maintain strong working relationships.
• Make recommendations to senior management regarding BSA‑AML‑CFT policies based on the changing AML compliance climate, including regulations in the OFAC, BSA, and USA Patriot Act.
• Train staff when policies, procedures, and regulatory rules are amended, added, or deleted.
• Review various customer account information to ensure regulatory compliance (e.g., Regulation B, Regulation DD, MSRB, OFAC).
• Work with internal and external auditors to demonstrate and confirm compliance with all regulations.
• Maintain and audit policies and procedures regarding securities sales and processing, conflict of interest, solicitation, whistleblower protection, code of ethics, red flags for identity theft, model risk management and BSA.
• Report to the President and CEO any policy, procedure, or regulatory violation that is discovered.
• Perform regulatory reviews of all investment transactions and sales personnel activities and prepare reports demonstrating compliance.
• Process all licensing for Broker/Dealer Sales and Trading.
• File all paperwork with the SEC, FRB, and State of Minnesota.
• Ensure completion and keep a record of Firm Element and Regulatory Continuing Education completed by Sales and Trading staff of the Investments division.
• Maintain compliance with BSA by overseeing high‑risk areas such as CIP, CTRs, SARs, wire transfers, high‑risk customers and regulatory reporting.
• Track online training for bank personnel regarding BSA requirements.
• Provide an annual report to UBB’s board of directors, including a compliance review of the UBB website, lending, fair lending, deposits, red flags for identity theft, and securities sales.
• Evaluate new products and services as well as review the bank’s advertising for proper compliance.

Education & Experience

• Minimum 3 years' experience in bank compliance, including knowledge of deposit, operations, and loan systems.
• Associate’s degree in Banking, Finance, or relevant work experience.
• Working knowledge of Microsoft Office products (Word/Excel).
• Ability to resolve problems promptly and efficiently.
• Polite, informative, friendly; maintain a professional manner with excellent written and verbal communication skills.

Desired Qualifications

• Professional certifications (e.g., CAMS).
• Investment securities compliance experience.
• Successful completion of MSRB Series 52 licensing for Registered Representative.
• Successful completion of MSRB Series 53 licensing as Securities Principal.

Benefits

• Medical, Dental, and Vision.
• HSA with generous company contribution.
• Medical and Dependent Care Flexible Spending Accounts.
• 401(k) plan with 3% company contribution, plus up to an additional 1% match (Roth option available).
• 12 paid holidays.

Pay Range

• $86,000 – $125,000 salary, depending on education, qualifications, experience.
• Annual bonus target: 8% of annual pay, dependent on company and personal performance.

EEO Statement

United Bankers’ Bank is an E‑EO/AA employer: All qualified applicants will receive consideration for employment without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability, veteran status or any other characteristic protected by law.