SENIOR RISK ANALYST

FirstBank; San Juan (PR); On-site; USD 85,000 - 125,000; Full time

Job summary

FirstBank is seeking a Senior Risk Analyst to support Governance, Risk & Compliance (GRC) and ERM initiatives in Puerto Rico and beyond. The role involves assisting with regulatory examinations, governance of ERM matters, and ensuring adherence to BSA, AML, and OFAC policies while coordinating risk analyses and reporting.

The candidate should have 6–7 years in accounting, audit, finance, or risk management, with CPA or related certifications preferred and strong English/Spanish communication

Qualifications

• Bachelor’s degree in business administration, accounting, or finance is required.
• Master’s degree in business administration, accounting, or finance preferred.
• CPA or CRMA (Credit Risk Management Certification) or CISA is preferred.
• 6–7 years of experience in Accounting, Audit, Finance, Banking, Internal Controls, Model Risk, Banking Products (Mortgage, Consumer Loans, Auto Loans, Credit Cards, Commercial Loans), Risk Management and Financial Reporting.

Responsibilities

• Support regulatory examinations and governance of ERM matters.
• Second line of oversight for risk management practices.
• Execute and monitor policy and product program cycles, including new products and services.
• Manage GRC policy and regulatory exam modules; provide GRC training.
• Lead special projects assigned by Unit Manager/Director or CRO.
• Research industry developments and regulatory environment.
• Assist with ERMC agenda and quarterly risk reporting.
• Conduct risk analyses and develop mitigation strategies; prepare reports.
• Review third-party contracts and proposals; coordinate risk analysis as needed.
• Administer and maintain the GRC software platform.

Skills

Analytical thinking

Presentation skills

Communication

Microsoft Office

Education

Bachelor’s degree in business administration, accounting, or finance

Master’s degree in business administration, accounting, or finance

Certified Public Accountant

Credit Risk Management Certification

Certified Information Systems Auditor

Job description

At FirstBank PR, we strive to be trusted advisors 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 Senior Risk Analyst is responsible Assist GRC Manager in identifying and implementing strategic enhancements for ERM program. Support day-to-day management of regulatory examinations and governance of Executive Risk Management Committee matters.

Accountable for adhering to the Bank’s BSA, AML and Office of Foreign Asset Control (OFAC) applicable policies. Employee must follow specific unit procedures developed in compliance with the policies. Employee is also responsible for reporting any suspicious activity and/or transactions in accordance with the Bank’s processes and comply with any mandatory BSA, AML and OFAC training assigned.

What You’ll Do

Governance, Assurance and Regulatory Affairs

• Support with regulatory examinations, communications, and requests from agencies (e.g., FDIC, FED, OCIF).
• Second line of oversight for Risk Management practices.
• Execution & monitoring of the corporate policy and product program cycle (Including new products and services).
• Policy Management and Regulatory Exam modules of the GRC tool. Provide GRC training to pertinent parties.
• Lead special projects assigned by the Unit Manager, Unit Director, or CRO.
• Research industry developments and regulatory environment.
• Assist with ERMC agenda, Regulatory Affairs monthly updates and Quarterly Risk Report.
• Conduct risk analyses; develop mitigation strategies and prepare reports.
• Review third party contracts, business proposals, and cases, and if needed, coordinate risk analysis.
• Support governance of corporate incentive plan.
• Administer and maintain the GRC software platform.
• Evaluation and monitoring of Regulatory observations.
• Multi-Cultural Requirements (regions) - Measures the requirement to work and to integrate across regions/ countries. Reflect the responsibility of the role, not the location of the employee. Multiple geographic boundaries (national/ country boundaries).
• Strong Presentation Skills in English and Spanish | to address Regulatory Examiners and Management Committees
• Strong Knowledge of Banking and Risk Management
• Demonstrated analytical, decision-making, and effective problem-solving skills.
• Proficiency in Microsoft Apps
• Anticipate and provide service excellence to both internal and external customers.
• Establish, sustain, and foster both internal and professional contacts to build, enhance and connect to FirstBank services.
• Deliver clear, effective communication and take responsibility for understanding others.
• Understand how the organization works, including current and future policies, practices, and trends.
• Identify problems and conduct appropriate analysis involving others to search for the best solution.
• Take initiative and assume personal accountability for goals, outcomes, and deadlines.
• Understand the organization’s vision and uphold the values in everyday work and actions. At higher levels take a long-term view and share with others the vision and the organization path ahead.
• Provide direction and leadership to help teams achieve goals and operate cooperatively.
• Demonstrate curiosity for learning and perform activities to make the most of their skills and boost potential in self and others.
• Create a view of change as an opportunity and inspire others. Look for new ways to experiment with new ideas and approaches.

What You’ll Need to Succeed:

Bachelor’s degree in business administration, Accounting, or Finance is required for this job. Master’s degree in business administration, Accounting, or Finance, preferred but not a requirement. Certified Public Accountant or Credit Risk Management Certification or Certified Information Systems Auditor is preferred. 6 – 7 years of experience in Accounting, Audit, Finance, Banking, Internal Controls, Model Risk, Banking Products (Mortgage, Consumer Loans, Auto Loans, Credit Cards, Commercial Loans), Risk Management and Financial Reporting. Or the equivalent combination of Education and Experience needed to be able to perform the functions of this job.

Disclaimer:

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties, skills required of personnel so classified. The reporting relationship may not reflect the most recent changes to the corporate reporting structure.