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COMPLIANCE SPECIALIST – BSA COMPLIANCE SPECIALIST

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 FIU Compliance Specialist supports the BSA Compliance’s Financial Intelligence Unit (FIU) which is responsible for centralized AML investigations over any referral for potential suspicious activity received. The FIU Compliance Specialist works independently on referrals for investigations within the scope of established guidelines/practices and consults with senior staff where clarification or exception to policy may be required.

In this role, the Compliance Specialist must complete investigations with an understanding of financial transactions, and the use of financial products and services being offered by FirstBank and the rest of the banking industry, aligned with the possibility of money laundering, market abuse, and other financial crime related issues to comply with regulatory requirements.

What You’ll Need to Succeed

•· Financial Investigations:

•· Conduct timely, comprehensive investigations of customers and noncustomers by utilizing all available information.

•· Manage assigned investigations ensuring timely and prompt recommendations (SAR/No SAR, escalation recommendations such as Account Closure) and reports are made to management.

•· Perform investigations with an understanding of cash and wire transfers movements, use of checks, as well as electronic transactions, among others.

•· Research transactional anomalies and analyze information produced to detect any patterns of unusual internal or external conduct, identify risk policy breakdowns, and recognize fraudulent activities.

•· Communicate with Relationship Managers and other Branches’ personnel, as needed to gather additional client information.

•· Cultivate a positive, team-oriented approach to FIU operations.

•· Foster sound relationships with business units.

•· Manage special projects as required by the FIU Manager.

Minimum Requirements You’ll Need:

•· Bachelor’s degree in business administration or information system is required for this position.

•· Between (3) three to (5) five years of experience in a BSA compliance position within the Banking Industry and financial products.

•· Experience with transaction monitoring or case management applications and the understanding of AML typologies (involving cash, investments, and overall risk).

Competencies:

Category

Category Criteria

Customer Focus

Anticipates and provides service excellence to both internal and external customers .

Building Strong relations

Establishes, sustains and fosters both internal and professional contacts to build, enhance, and connect to FirstBank services .

Communication

Delivers clear, effective communication and takes responsibility for understanding others.

Business Acumen

Understands how the organization works, including, current and future policies, practices and trends .

Problem Analysis & Solution

Identifies problems and conducts appropriate analyses involving others to searches for best solutions .

Ownership

Takes initiative and assumes personal accountability for goals, outcomes and deadlines .

Vision & Values

The employee understands organization’s vision and upholds the organizations values in everyday words and actions.

At higher levels the employee takes a long-term view and share s with others the vision and the organization path ahead.

Collaboration & Teamwork

Provides direction and leadership to help teams achieve goals and operate cooperatively and cohesively .

Development(Personal & Others)

Demonstrate s curiosity for learning and perform ing activities to make the most of their skills and boost potential in self and others .

Change & Innovation

Creates a view of change as an opportunity and inspires others. Looks for new ways to experiment with new ideas and approaches .

Skills We Are Looking For:

•· Strong communications skills in English and Spanish.

•· Work with a minimum of supervision.

•· Strong investigative research and documentation skills.

•· Demonstrated exceptional level of accuracy and detail for reporting.

•· Microsoft Office proficiency (Excel, Word and PowerPoint)

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