Compliance Assistant Manager-Compliance Regulatory Testing Dept- Pr

COMPLIANCE ASSISTANT MANAGER - COMPLIANCE REGULATORY TESTING DEPT - FIRSTBANK PR

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At First Bank PR, we strive to be a trusted advisor to our clients and our employees are the ones that ensure we deliver on our promise of excellence in personalized customer service. Our more than 3,100 employees in Puerto Rico, the Virgin Islands and Florida share a passion for excellent customer service. We are proud of our team because they are continuously surpassing our client’s expectations.

The Compliance Assistant Manager at First Bank is responsible for overseeing the execution of the bank’s Compliance Management System, focusing on federal and local consumer protection laws to mitigate compliance risks across all regions and affiliates. This role involves supervising compliance monitoring, testing, reporting, and risk assessment activities to ensure regulatory adherence and effective internal controls.

• Supervises the execution of the Compliance Risk Assessment and Testing Program.
• Contribute to the design and implementation of the Compliance Risk Assessment and Testing framework.
• Supervise Compliance Officers and Specialists within the Compliance Testing Unit, providing coaching, mentoring, and technical guidance on applicable laws, regulations, policies, and procedures.
• Ensure timely completion of projects, tasks, and milestones in accordance with established standards.
• Conduct transaction testing to assess compliance with applicable consumer protection laws and regulations; identify root causes of any violations.
• Document findings and recommendations; communicate results to management and ensure timely resolution of issues.
• Identify potential compliance risks and advise management on mitigation strategies.
• Keep Management up to date regarding the status Compliance Risk Assessments and Testing Program and any challenges presented. Ensure issues, findings and/or action plans tasks are assigned to a specific area or person within the business units for action, tracked and finally closed or resolved.
• Assist the compliance managers in preparing the assessment and/or monitoring documentation as requested. Also, prepare reports and statistics regarding assessment & monitoring reviews and other regulatory compliance related information, as required.
• Assists compliance managers in developing reports for First Bank’s Board of Directors and Executive Committees, among others.
• Assists compliance managers during federal regulators examinations and/or internal audits of First Bank’s Compliance Management Systems and compliance with consumer protection regulations, fair lending laws, and UDAAPs Standards, as applicable.
• Assist in any special project assigned by the compliance managers.

• Bachelor’s degree in business administration is required, Juris Doctor degree is preferred.
• From five to seven years’ experience in Regulatory Compliance (Consumer Protection Laws) monitoring reviews.
• Good knowledge and understanding of BSA/AML regulations.
• Good knowledge of banking rules and regulations (e.g., CFPB, FDIC and Federal Reserve).
• Bilingual (write and speak English and Spanish) is required.
• Word, Excel, and Power Point knowledge is required.
• Willing to travel occasionally within all Bank regions (Puerto Rico, US and British Virgin Islands and Florida).
• Knowledge of consumer protection laws and regulations.
• Knowledge of and ability to utilize tools, techniques and processes for gathering and reporting data in a particular department or division of a company.
• Knowledge of coaching concepts and methods; ability to encourage, motivate, and guide individuals or teams in learning and improving effectiveness.
• Understanding of the issues related to the decision-making process; ability to analyze situations fully and accurately and reach productive decisions.
• Ability to work in a fast-paced and stressful environment.
• Strong analytic skills.
• Problem solving, detail oriented and able to multitask.
• Organization and prioritization skills.
• Proficiency in Excel, Word, Outlook, Power Point.
• Sound judgment and proper criteria for establishing priorities correctly.
• Must be able to work on several important projects simultaneously observing excellent quality standards.
• Work with a minimum of supervision.

EQUAL EMPLOYMENT OPORTUNITY EMPLOYER

Associate

Full-time

Accounting/Auditing and Finance

Government Administration