Senior Compliance Officer
Popular
- San Juan, PR
- Permanent
- Full-time
- Analyze banking regulation risk based upon the Bank's Regulatory Risk Assessments.
- Demonstrates an understanding of business processes, control frameworks, and related regulatory and compliance standards.
- Prepare practical work programs that effectively test compliance with the applicable regulations of the bank's operations.
- Conduct compliance reviews to determine the effectiveness of the Bank's compliance program in an effective and timely manner.
- Assess and challenge whether the control framework meets regulatory expectations.
- Prepare detailed workpapers to support the results of the review.
- Report and present findings and observations.
- Develop draft report of review results.
- Track the status of issues identified during reviews, assess the actions taken and ensure they remediate the risks.
- Complete monthly governance reporting.
- Responsible for supervising and performing quality review over the reviews of assigned Compliance Officers, if applicable.
- Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Coach and develop employees. Foster a spirit of teamwork allows for disagreement over ideas as well as diversity.
- Provide coaching, recognition, motivation, and skill development to staff members on a consistent basis.
- Effectively establish and communicate the Goals and Objectives for employees, gain commitment and establish a plan of action for goal attainment. Perform One on Ones, performance evaluation and suggests areas for development and/or improvement. Discuss results with employee and management.
- Delegate individual task to employees for special projects, prepare updates within established timeframe and report results.
- Responsible for ensuring all reports and logs are updated timely and reported to management as required. This may include but not limited to monthly management reporting and charts.
- Ensure new and existing employees are adequately trained on all current and new processes to allow for maximum coverage for the department.
- Five years of experience conducting compliance testing or audits within banking, financial services, or examination experience at a financial industry regulator.
- Expertise and knowledge of non-deposit products operations and applicable regulations, including securities and insurance.
- Knowledge and experience in Fiduciary and Trust operations and applicable regulations.
- Experience in Risk Management, Compliance, or Internal Audit (preferred).
- Securities Licenses (required).
- Licensed as attorney in at least one jurisdiction (preferred).
- Highly effective at identifying compliance risks, determining root causes, and recommending actionable solutions.
- Experience conducting control design assessments and operating effectiveness testing.
- Excellent analytical, communication and report preparation skills.
- Familiarity with workpaper system(s) and workpaper
- Manage time effectively and meet deliverable due dates.
- Ability to communicate effectively with all levels of personnel.
- Confidence to professionally challenge stakeholders.
- Capable of dealing with conflict and achieving solutions through negotiation.
- Ability to lead a team of testers, supervise a review, and correct testers workpapers.
- Ability to track to completion testing plans.
- Fully bilingual.
- Passion for People
- Own Every Moment
- Succeed Together
- Build the Future