SENIOR RISK ANALYST - RISK ASSESSMENT DEPARTMENT - FIRSTBANK PR

FirstBank Florida; San Juan (PR); On-site; USD 90,000 - 120,000; Full time

Job summary

FirstBank PR seeks a Senior Risk Analyst to support ERM enhancements and governance within the Risk Assessment Dept. The role covers regulatory examinations, BSA/AML/OFAC compliance, and risk reporting.

You will work in a bilingual environment (English/Spanish), interact with regulators and internal stakeholders, and lead or assist on risk projects, contract reviews, and GRC tooling administration. A Bachelor’s degree in business, accounting or finance is required, with CPA/CRMC/CISA preferred;

Qualifications

• Bachelor’s degree in business administration, Accounting, or Finance is required.
• Master’s degree preferred but not required.
• CPA or related risk management certification preferred.

Responsibilities

• Support regulatory examinations, communications, and requests from agencies.
• Second line of oversight for risk management practices.
• Execute and monitor policy and product program cycles.
• Manage policy and regulatory exam modules in the GRC tool and train others.
• Lead special projects and research industry and regulatory developments.
• Assist ERMC agenda, regulatory updates, and quarterly risk reporting.
• Review third-party contracts for risk analysis and governance.
• Administer and maintain the GRC software platform.
• Produce ERM risk newsletters.

Skills

Regulatory compliance

Risk management

GRC tooling

Analytical skills

Communication skills

Education

Bachelor’s degree in business administration, Accounting, or Finance

Master’s degree in business administration, Accounting, or Finance

CPA / CRMC / CIS A certification preferred

Tools

GRC software

Microsoft Apps

Job description

SENIOR RISK ANALYST

RISK ASSESSMENT DEPT

FIRSTBANK PR

Our Company

AtFirstBank 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 responsibleAssist GRC Manager in identifying and implementing strategic enhancements for ERM program. Support day-to‑day management of regulatory examinationsand governance ofExecutive 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.
• Support Corporate Material Risk Assessment Program.
• 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.
• Produce ERM Risk Newsletter.
• 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).

Competencies

• 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 Financeis required for this job.Master’s degree in business administration, Accounting, or Finance, preferredbut not a requirement. Certified Public Accountant or Credit Risk Management Certification or Certified Information Systems Auditor is preferred. 6 – 7 years of experience inAccounting, 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.

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