Senior Compliance Officer II

General Description

Responsible for the enhancement and implementation of the Financial Compliance Risk

Assessment methodologies for Trust, Insurance and Securities. Leveraging specialized

knowledge and expertise in financial regulations to document and determine inherent

risks associated with Populars business segments, including non-deposit investment

products, ensuring that the risk remains within tolerance levels. Ensure and challenge

controls efficacy. Serve as liaison to the Regulatory Risk Testing unit in matters related

to the Risk Assessment. Collaborate with business partners to conduct assessments and

maintain strong relationships. This position may also require supporting the execution of

the Regulatory, UDAAP and Fair Lending Risk Assessments.

Essential Duties and Responsibilities:

Enhance and implement Financial Compliance Risk Assessment methodology.

Acting as the point person for matters related to the Financial Compliance Risk

Assessment, including questions, and working with employees across the Bank.

Act as the liaison, in Financial Compliance Risk Assessment matters for regulatory

audits and exams.

Prepares and executes enterprise-wide regulatory and/or financial risk assessments

to assure ongoing compliance with Consumer Federal and Local regulations.

Ability to understand and interpret with specialized knowledge various laws,

regulations, and policies. Including but not limited to, non-deposit investment products

and fiduciary services.

Research regulatory law, recent or proposed changes, guidance, and interpretations

as part of the planning process of the assessment.

Develop walkthrough questionnaires for assessed lines of business to ascertain

compliance with regulatory requirements and credibly challenge the effectiveness of

internal control processes.

Responsible for conducting information gathering sessions with Business Unit

personnel (including management and support staff), performing substantive on-site

assessment of risk and controls, summarizing results, preparing written final reports to

be presented to management, and documenting all issues raised during the

assessments.

Analyzes data from multiple sources and systematically documenting the work and

results.

Follows assessment schedules to ensure all assessments are completed within

established timeframes and documented within systems of record.

Assess the inherent and residual compliance risks and controls though the

established risk and control framework. Analyze and document work results. Work with

the business lines to source data required to support RRA inherent risk metrics.

Responsible for supervising and performing quality review over the reviews of

assigned Compliance Officers, if applicable.

Identify and confirm potential compliance issues

Develop, socialize, and present the risk assessment framework and methodology

results to compliance counterparts and business lines.

Suggest risk mitigation strategies to business areas and other control functions.

Update as needed policies and procedures related to the risk assessment process.

Ensure results of the risk assessment are tracked until remediated in accordance with

corporate compliance standards.

Own, develop and enhance the Risk Assessment Methodology and suite of tools, as

needed.

Provide updates on the risk assessment process as needed.

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. Demonstrates an understanding of

business processes, control frameworks, and related regulatory and compliance

standards.

Establish and maintain strong relationships with other Compliance Units and

Business Areas. Engage with subject matter experts as needed.

Additional Essential Duties and Responsibilities, if required:

Provide coaching, recognition, motivation, and skill development to staff members on

a consistent basis. Perform One on Ones, performance evaluation and suggests areas

for development and/or improvement. Discuss results with employee and management.

Education:

Bachelors degree in business administration or related fields, Juris Doctor (preferred)

Experience

Must have at least 5 years of experience in managing financial compliance regulatory

matters. 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).

Other Qualifications

Licensed as attorney in at least one jurisdiction (preferred).

Securities Licenses (required)

Strong time-management and organizational skills. Establish priorities and work with

different tasks simultaneously.

Strong research and analytical skills.

Excellent customer service skills, including telephone skills and telephone etiquette.

Able to maintain effective interpersonal relationships and lead/work in teams a must.

Detail oriented, able to identify situations, look for alternatives and make good

decisions.

Able to work under pressure, with a sense of urgency and meet deadlines.

Ability to work independently and to carry out assignments to completion within

parameters of instructions given, prescribed routines, and standard accepted practices.

Ability to work in teams and collaborate with peers in order to meet common goals.

Excellent interpersonal and communication skills with both clients and co-workers.

Manage different computer systems such as Office 365 including, Outlook, Microsoft

Office, Excel, among others.

Be proficient in both English and Spanish.

High degree of commitment, and ability to adapt to new situations