KYC Manager

Why Work at Bremer?

Are we a bank? Absolutely. But when it comes to careers, you'll find that there's a lot more to our business than you might expect. We're passionate about helping customers throughout Minnesota, Wisconsin and North Dakota succeed and grow. Our commitment to authentic and enduring relationships starts by taking time to listen and learn about our customers' goals, and innovate to solve their challenges, not only through financial resources but also deep knowledge, insights and ideas.

We expect, encourage and reward entrepreneurial thinking from our employees. We have a shared purpose of cultivating thriving communities, inspired by our founder, Otto Bremer, who spent his lifetime supporting the communities that his banks served in new and unexpected ways. That commitment to community and creative problem-solving contributes to Bremer's culture.

If you want the next chapter in your story to be one where you make a real difference for our customers, communities and economies, we're the bank to join. We foster diversity, equity and inclusion, building on the legacy of our immigrant founder. If you're curious, enjoy collaborating, and start each day with the customer in mind, we invite you to join our team

Job Description

The Know Your Customer (KYC) Manager is responsible to lead the KYC and Currency Transaction Reporting (CTR) teams. The KYC Manger will provide support to the Bank Secrecy Act and Anti-Money Laundering (AML) compliance program to include the Customer Identification Program (CIP), customer risk rating, Customer Due Diligence (CDD)/Enhanced Due Diligence (EDD) and CTR Exemption Process. This position is critical to the maintenance of our KYC enhanced due diligence program to meet ongoing regulatory requirements. This position is responsible for supporting the Board appointed BSA/AML/OFAC Officer with the general oversight of the BSA/KYC related systems and data. This role will have direct management responsibility and will work with colleagues of the team to train, coach, mentor, and guide as necessary. In addition, this position will work with the BSA/AML/OFAC Officer and key Line of Business (LOB) partners to ensure corporate wide communication, reporting and support to foster a culture of compliance and collaborative environment for an enterprise-wide and holistic program relating to BSA compliance. This position will also continue to assess the risk climate and make sound risk-based decisions for the department. This includes ongoing input for the BSA Risk Assessment, and ongoing oversight, review, and guidance of regulatory and business model changes to ensure appropriate compliance and risk mitigation and oversee tuning of the BSA/KYC systems. This position will help ensure all procedures are maintained and current.

Key Responsibilities:

• Oversees CTR reporting for timely and accurate filings
• Oversees the CTR Exemption process including eligibility, documentation, filings, and communication across all impacted internal partners.
• Ensures accurate and up to date procedures and program documentation as it relates to CIP, KYC and CTRs.
• Provides recommendations for strategic direction, enhancing automation, effectiveness, and efficiency.
• Responsible for management of assigned staff as well as general coaching and guidance across the KYC and CTR teams and supports, as needed, an ongoing corporate wide tailored employee BSA/AML training program assuring regulatory compliance with BSA/AML practices.
• Responsible for assessing the risk climate and ensuring compliance and risk mitigation including the contributing to the BSA/AML risk assessment, quarterly updates, regulatory changes, and business model changes.
• Under guidance of and in collaboration with the BSA/AML/OFAC Officer, communicate BSA practices to the enterprise facilitating consistent compliance with applicable procedures, fostering a culture of compliance.
• Assists with supporting enterprise wide BSA/AML/OFAC Policies, Program, Practices & Internal Controls.
• Understands regulatory changes and industry best practice and supports analysis and implementation as required to support regulatory changes.
• Supports the BSA/AML/OFAC Officer with regulatory liaison activities and independent test activities: Ensures that all responses to requests for information, whether requested prior to or during the examination, are complete and provided in a timely manner. Subsequently, assists in timely remediation of issues identified in connection with regulatory examinations, QA monitoring and/or independent reviews testing and/or the independent reviews.
• Ability to effectively communicate both orally and in writing with internal and external customers and a demonstrated commitment to act within industry standards.
• Communicate effectively with internal and external clients and groups of employees to build and maintain positive relationships.
• Interact constructively and effectively with all constituencies and work collaboratively toward a common goal.
• Accept and implement changes with processes, people, and circumstances exhibiting a positive approach to each situation.
• Interpret and carry out objectives furnished in written or oral form and a demonstrated commitment to act within industry standards.

Qualifications:

• A combination of education and experience generally attained through a bachelor's degree in a business-related discipline and 7 to 8 years' experience with Know Your Customer, Bank Secrecy Act and/or Anti-Money Laundering programs. Previous team lead or supervisor experience is also required along with excellent written and verbal communication skills.

• Ability to demonstrate and consistently model Bremer values, Bremer Leadership Competencies, and foster an inclusive work environment.

• Ability to demonstrate and consistently model Bremer Relationship Management values, Bremer C3 Leadership Competencies and foster an inclusive work environment.

• Communicate effectively with clients and groups of employees in order to build and maintain positive relationships

• Ability to effectively present information and response to questions from groups of employees, managers, and/or customers

#LI-hybrid, #LI-JT1 Bremer Values & Benefits

Our Values

Collaboration: We work elbow-to-elbow with our customers, making a difference for them in good times and bad. We share our skills, knowledge and experience to support each other every day.

Commitment: We're deeply invested in the places we live and work, and we're always ready to do whatever it takes to help our neighbors and communities thrive and grow.

Creativity: Imagination and innovation are essential to helping our customers and Bremer succeed. If there's a better way to do something, we'll find it or create it.

Our Benefits

At Bremer, we are committed to supporting and growing the communities we call home. Our people understand that they represent our name and reputation in every conversation, and that they're backed by an organization that values finding a better way to get things done. Let's talk about benefits. Not just the 401(k), pension plan, healthcare, and vacation kind (we've got those), but the kind of everyday benefits that get you excited for what each day holds.

Equal Employment Opportunity

Bremer Bank is committed to a diverse and inclusive workforce. We've built an organization of experienced, intelligent and collaborative people from a range of all backgrounds, and all of them contribute something essential to helping our customers thrive and grow.

All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by applicable law.

Miscellaneous Items to Note

• Must be currently legally authorized to work in the U.S. without sponsorship for employment visa status (e.g., H1B status, 0-1, TN, etc.). Unless specifically stated in the job posting, we are unable to sponsor or take over sponsorship of an employment Visa at this time.
• Notice to California Applicants - for your awareness, please see Bremer Bank California Notice at Collection and Privacy Policy
• Accessibility Commitment - Bremer is committed to accessibility, diversity and inclusion for all our applicants. We believe everyone should be able to have equal and effective access to our websites and our services. We have worked very hard to ensure that our website and digital content meet the needs of our applicants and visitors. Click here for more information on our accessibility and how to get in touch with us.
• Notice to Third Party Recruiters - Bremer Bank, National Association, including its affiliates, does not accept unsolicited resumes from recruiters or employment agencies. In the absence of a signed agreement for recruiting or placement services, Bremer will have no obligation and will not agree to pay any referral or recruiting fee. In the event a recruiter or agency submits a candidate for consideration, Bremer explicitly reserves the right to pursue and/or hire any such candidate(s) without any financial or other obligation to the recruiter or agency. Any unsolicited resumes, including those submitted to hiring managers, will be deemed to be the property of Bremer.

Bremer is an Equal Employment Opportunity Employer M/F/Disability/Veteran

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