The BSA Compliance Manager will provide guidance and assist in executing the BSA/AML Compliance program. They are responsible for ensuring required regulatory reporting is conducted in a timely, accurate and compliant manner. This could include filing of Currency Transaction Reports (CTR’s) and Suspicious Activity Reports (SAR’s) to FinCEN, as well as FinCEN 314a procedures and reporting. They will complete the timely execution of quality control reviews for the transaction monitoring alerts and OFAC alerts as well as assisting with other BSA related regulatory matters and projects. They would help establish and maintain appropriate Suspicious Activity investigation, review and reporting processes that promote consistent decisions, adequate investigation and research, and complete detail documentation as well as Office of Foreign Affairs (OFAC) processes and procedures. Compliance is responsible for providing an independent, objective assurance and consulting activity designed to add value and improve First PREMIER Bank and PREMIER Bankcard LLC’s operations. This position may be specific to First PREMIER Bank, PREMIER Bankcard, or a combination of Bank and Bankcard.
Jobs Duties and Responsibilities
Becomes proficient in all BSA related compliance regulations/business processes.
Manages Jack Henry Yellow Hammer and LexisNexis Bridger systems.
Mentor to BSA Compliance Assistant, Associate, Coordinator and Analysts positions.
Assist the Department VP/Executive in developing and managing the department’s functions.
Assist in conducting the annual BSA/AML risk assessments to define risks.
Evaluate and enhance the BSA processes and risks, while offering advice and guidance.
Assist in the implementation and training of new processes, rules or regulations.
Assist in Bank wide annual BSA training.
Maintain department charters and policies.
Assist with the communication and execution of the Strategic Plan.
Assist with the development of the department financial budget.
Assist with annual project work plan.
Assist with the department periodic management surveillance processes.
Assist with preparation of materials for Senior Management and the Board(s).
Ability to identify risks which may need immediate attention.
Collaborate and consult with peers, businesses partners, and managers to resolve issues and achieve goals.
Skills and Qualification
Must possess a strong understanding of Bank regulations and operations.
Bachelor’s degree preferred and 5 - 7 years of industry experience in a banking or financial organization.
Strong decision making, analytic and investigation abilities with attention to detail and accuracy.
Demonstrated organizational, confidential, and independent work experience necessary.
Strong verbal and written communication skills.
proficient knowledge of the structure and content of the English language is required, including the meaning, rules of composition, and grammar.
Experience in building relationships, maintaining effective relationships, and collaborating with business partners.
Fosters a positive team environment.
Strong organizational skills, able to multi-task, deliver under pressure and tight timelines.
Competitive Benefits Package
Full medical benefits when working 20+ hours per week
Traditional and High Deductible health plan options available
FREE dental and vision coverage
Generous Paid Time Off plans
401(k) – dollar-for-dollar match up to 5% of total compensation
Special discounts and offers for events at the Denny Sanford PREMIER Center
PREMIER Wellness Program
Paid Community Volunteer Hours – PREMIER averages 30,000 hours per year
Fun Employee Parties
Our Culture
Emphasis on personal success, respect, health, wellness, fun and giving back
Employees are rewarded, valued, and celebrated for hard work
Various Career advancement opportunities and growth
Appreciation is shown through concerts, outdoor bashes, cash, car giveaways and more
