COMPLIANCE OFFICER - REGULATORY TESTING DEPT - FIRSTBANK PR

Compliance Officer

Our Company

At  FirstBank 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.

Do you have a passion for helping customers, building relationships, and delivering extraordinary, personalized customer service? If your answer is yes, FirstBank is the number one place for you.

A Brief Overview

The Compliance Officer supports the effective implementation of the Compliance Management System (CMS), focusing on compliance with consumer financial protection laws, regulations, and the Bank Secrecy Act (BSA), including anti-money laundering (AML), counter-terrorism financing, and other illicit activities. This role involves assisting in corporate compliance reporting, preparing reports and presentations for the Board of Directors (BOD), Senior Management, and Committees, and addressing emerging compliance risks. Additionally, the Compliance Officer will work closely with the Privacy Officer to manage potential privacy incidents, including incident review, analysis, and training as required. The position also supports vendor management oversight from a consumer protection perspective, coordinating ongoing monitoring, reviewing documentation and training with vendors. Further responsibilities include supporting the Compliance Manager with compliance issue follow-ups, reviewing information and action plans, and participating in the execution of the Compliance Training Program.

What You’ll Need to Succeed

• Corporate Compliance Reporting : Assist in developing compliance reports, statistics, and presentations for the BOD, Senior Management, and relevant Compliance Committees.
• Privacy Incidents : Support the Privacy Officer in managing matters related to incidents of unauthorized access to customer information.
• Service Provider Oversight : Work closely with Vendor Management Area and business units to support efforts in mitigating consumer protection risk.
• Compliance Issue Follow-Up : Collaborate with the Compliance Manager to review and analyze information, action plans, and follow-up on identified compliance issues.
• Regulatory Compliance Risk Assessments & BSA Risk Assessment : Support the assessment process to identify trends, risk exposure, control effectiveness, and residual risks.
• Compliance Testing and Reporting Plan : Keep Management up to date regarding the status and any challenges presented.
• Federal Regulators Examinations and / or Internal Audits : Assist compliance managers during examinations of FirstBank’s Compliance Management Systems / Program.
• Training and Compliance Updates : Ensure compliance training plans are up to date for all areas. Main liaison with Human Resources for tracking and reporting.
• Special Projects : Support on assigned projects by the compliance managers.

Competencies :

Minimum Requirements You’ll Need :

EQUAL EMPLOYMENT OPPORTUNITY EMPLOYER