Full Time Opportunity
General Description
This position is responsible for performing compliance assessments of policies, procedures, and internal controls developed for ensuring compliance with the BSA/AML and Sanctions regulatory requirements applicable to the entities under Popular Inc. (“Popular”). This Officer will inform the department management and compliance staff the issues identified during the assessment of the Entities’ business strategies, products, policies, procedures, and internal controls that pose regulatory risks to the organization.
Essential Duties and Responsibilities
•Monitors the level of compliance with BSA/AML and Sanctions federal regulations throughout the bank and its subsidiaries.
•Executes targeted reviews for BSA/AML and Sanctions requirements, under the leadership of a senior.
•Manages testing schedules to ensure all tasks and reporting are completed within established timeframes as established in the Annual Plan.
•Organizes working papers to be used in writing the final audit or review report.
•Present conclusions and finding in detailed, concise reports and provide well-defined solution or recommendations for noted violations and/or deficiencies. Professional should provide adequate information regarding exceptions to bank policies or consistent deviation from industry standards.
•Specific client engagements will include, but not limited to, transaction testing, interviewing, observation, conducting exit interviews, offering outside opinions to the client regarding specific compliance requirements, writing timely and accurate final reports, and responding to client questions regarding our service and other regulatory concerns.
•Identifies compliance controls and develops strategies to ensure appropriate testing of controls. Monitors remediation activities of identified issues, escalation of past-due items.
•Plan testing and reviews.
•Conduct and manage documentation of the review process.
•Analyze the results of testing and review activities.
•Ensure that all findings and recommendations are entered into FCC Issue Tracker for tracking purposes and perform required follow-up of open issues to ensure proper resolution.
•Ability to apply knowledge of regulations to numerous types of activities and operational arrangements in addition to interpreting the effect of new regulations on these activities.
•Analyzing data from multiple sources and systematically documenting the work and results.
Minimum Education
Bachelor's Degree in Business Administration
Experience
More than three years of experience in banking audit and working knowledge of federal and local (state) BSA/AML and Sanctions compliance requirements.
Competencies
Accountability
Analytical Discipline
Business Excellence
Change Agent
Character
Collaboration & Teamwork
Customer Centric
Self Development
Popular Inc., is an Equal Opportunity Employer
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Compliance, Law, Legal
