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Role Description

This role involves leading the design, implementation, and oversight of the Bank’s BSA/AML and sanctions compliance programs.

• Ensure compliance with regulatory guidance from FinCEN, FFIEC, and other governing bodies
• Oversee the investigation and reporting of suspicious activity, including SAR and CTR filings
• Serve as the primary liaison with regulators, auditors, and law enforcement
• Develop enhanced due diligence (EDD) processes for high-risk customer segments
• Support compliance programs related to cannabis-related businesses (CRBs) in accordance with federal guidance
• Conduct enterprise-wide BSA/AML risk assessments
• Evaluate transaction monitoring systems and recommend improvements
• Provide BSA/AML training to employees and leadership
• Prepare periodic compliance reports for senior leadership and the Board of Directors
• Partner cross-functionally with operations, lending, risk management, and onboarding teams

Qualifications

• High school diploma or GED with 8+ years of banking experience, or
• Bachelor’s degree with 3+ years of management-level banking experience
• CAMS certification preferred
• Minimum 2 years of supervisory or leadership experience
• Experience with transaction monitoring, suspicious activity investigations, and regulatory reporting
• Ability to work independently while managing multiple priorities
• Must be able to pass a credit and background check

Requirements

• Strong knowledge of Bank Secrecy Act (BSA) and AML regulatory requirements
• Experience managing financial crime risk and regulatory compliance programs
• Ability to collaborate across departments and lead compliance initiatives
• Strong analytical, organizational, and problem-solving skills
• Excellent written and verbal communication skills

Company Description

Herring Bank is a growing community bank focused on delivering innovative financial solutions while maintaining strong regulatory and risk management practices.