Director of Compliance

60 South 6th Street, Ste 1275, Minneapolis, MN 55402

Job Description

Dacotah Bank is seeking a Director of Compliance to join our team in any Dacotah Bank location. The Director of Compliance has an in-depth knowledge of regulatory compliance related to lending and deposit compliance. This position will develop and manage the bank’s compliance management program and procedures related to compliance for the bank. This role provides strategic leadership and mitigates regulatory risk. This position has management responsibility.

Essential Functions

• Develop, implement, and administer all aspects of the Bank’s compliance framework and program.
• Serves as a trusted advisor to senior leadership on regulatory requirements and compliance risks. Works with bank management and department leaders on company projects and initiatives.
• Develop and mentor compliance team members.
• Serves as the Bank’s Compliance Officer.
• Maintain a proficient knowledge of all applicable banking rules and regulations, staying abreast of changes in deposit and lending regulations and guidelines.
• Review new and proposed regulations, assess impact on Bank’s products and initiatives, oversee regulatory change management, and disseminate information to staff related to compliance and other topical subjects.
• Coordinate regulatory filings, examinations, and reporting obligations.
• Conduct compliance and privacy risk assessments and identify areas of exposure.
• Develop and implement remediation plans to mitigate identified risks.
• Track and report key compliance metrics to senior leadership and the Board.
• Oversee compliance monitoring, internal audits, and control reviews.
• Review complaint data and trend analysis, coordinating with Legal to identify and elevate potential systemic issues.
• Develop, maintain, and communicate compliance policies, standards, and procedures.
• Ensure policies are consistently applied and enforced across the organization.
• Collaborate with operations to ensure documents and disclosures are accurate, compliant, and appropriately developed and maintained.
• Develop, coordinate, and facilitate compliance training programs for bank personnel.

Education & Experience

• Bachelor of Arts or Sciences degree from accredited four-year college or university and at least ten (10) years of related experience or an equivalent combination of education and experience.
• Completion of industry certification is preferred. E.g.,
  • Certified Compliance & Ethics Professional (CCEP)
  • Certified Regulatory Compliance Manager (CRCM)
  • Certified Internal Auditor (CIA) or similar
• Experience working within a larger, more complex financial institution with a broad product portfolio and diverse business lines
• Experience supporting complex functions and operating within a similarly scaled, growth-oriented organization preferred

About Us

We offer the opportunity for career growth and development in a professional and pleasant working environment. We offer a competitive salary and exceptional benefits package including:

• Health Insurance-Dacotah Bank pays 100% of the premium, family and individual coverage
• Dental Insurance-Dacotah Bank pays 100% of the premium, family and individual coverage
• Health Savings Account
• Life Insurance for the employee and family
• Paid Vacation and Sick Time
• Retirement Plan Options
• Additional Perks and Benefits