Compliance & BSA Officer

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 the senior leadership, you will ensure our institution remains a gold standard in regulatory excellence, from AML-CFT policies to securities sales and trading compliance. What makes this position unique is that United Banker's Bank is not a retail bank. We do not have branches or ATMs. We are a correspondent bank with community banks as our customers which provides 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

* Works with each department to ensure all compliance policies are adhered to.

* Maintains an advanced knowledge of laws, regulations, and regulatory guidance related to the Bank's activities and products.

* Provides consultative services to all departments relative to compliance matters and maintains a strong working relationship with all departments.

* Makes 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.

* Trains staff when policies, procedures, and regulatory rules are amended, added, or deleted.

* Review various customer account information to ensure regulatory compliance, i.e. Regulation B, Regulation DD, MSRB, OFAC, etc.

* Works with internal and external auditors to demonstrate and confirm compliance with all regulations.

* Maintains and audits 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.

* Reports to the President and CEO any policy, procedure, or regulatory violation that is discovered.

* Performs regulatory reviews of all investment transactions and sales personnel activities and prepares reports demonstrating compliance.

* Process all licensing for Broker/Dealer Sales and Trading.

* Files all paperwork with the SEC, FRB, and State of Minnesota.

* Ensures completion and keeps a record of Firm Element and Regulatory Continuing Education completed by Sales and Trading staff of Investments division.

* Maintains compliance with BSA by overseeing high-risk areas such as Customer Identification Programs (CIP), currency transaction reports (CTRs), suspicious activity reports (SARs), wire transfers, high-risk customer and regulatory reporting.

* Tracks online training for bank personnel regarding BSA requirements.

* Provides 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.

* Evaluates new products and services as well as reviews the Bank's advertising for proper compliance.

* Minimum 3 years' experience in bank compliance, including knowledge of deposit, operations, and loan systems.

* Associate's degree in Banking or Finance or relevant work experience

* Working knowledge of Microsoft Office products (Word/Excel)

* Ability to resolve problems promptly and efficiently.

* Individual must be courteous, informative, friendly, maintain a professional manner, and possess excellent written and verbal communication skills

Desired Qualifications (Not Required)

* 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 a generous company contribution

* Medical and Dependent Care Flexible Spending Accounts

* 401(k) plan with a 3% company contribution, plus up to an additional 1% match -Roth option available

* 12 Paid holidays

To continue to learn more about our superior benefits package and apply for this position, please visit our Careers page at https://www.ubb.com/about-us/careers.

Pay Range

* $86,000.00 - $125,000.00 Salary; depending on education, qualifications, experience

* Annual bonus target: 8% of annual pay dependent on company and personal performance

Headquartered in Richfield, MN and chartered in 1975, United Bankers' Bank (UBB) is the nation's first bankers' bank. Today, UBB has over $1 billion in assets, and is a trusted correspondent banking partner to over 1,000 community banks from the West Coast to the Great Lakes and South Atlantic. Our "First for Your Success" motto is a guiding principle that establishes the success of each and every customer and UBB employee as our number one priority.

United Bankers' Bank is an EEO/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.