BSA & REGULATORY OFFICER - WATERFORD

 

JOB SUMMARY 

 

This role supports the implementation and administration of FirstBank’s Regulatory Compliance Management System under the direction of the Corporate Compliance Department. Provides regulatory compliance guidance to Florida business units, ensuring adherence to applicable federal and state consumer protection laws, regulations, and internal policies and procedures. Assists with compliance regulatory examinations, internal audits, complaint management, compliance training and regulatory change initiatives.

Supervises the BSA Compliance Specialists and Analysts assigned to the Florida region, including assigning, reviewing, and monitoring work to ensure the effective execution of compliance activities and achievement of departmental objectives.

ESSENTIAL RESPONSIBILITIES

 
GENERAL FUNCTIONS

 
• Supports the administration of FirstBank’s Regulatory Compliance Management System under the direction of the Corporate Compliance Department. Assists the Puerto Rico Regulatory Compliance and BSA/AML Departments in providing regulatory compliance and BSA/AML guidance to Florida business units. Assists with daily consultations and document reviews, regulatory inquiries, implementation of regulatory requirements and internal procedures requirements to support ongoing compliance objectives.

• In coordination with the Corporate Compliance Department, identifies, assesses, and communicates actual or potential compliance risks affecting Florida business units. Provides regulatory guidance and recommends corrective actions and risk mitigation strategies to ensure compliance with applicable laws, regulations, and internal policies.

• Partners with the Corporate Compliance Department developing and implementing action plans that address compliance weaknesses, mitigate regulatory risk, and strengthen compliance controls and processes.

• Supports the BSA/AML, Regulatory Compliance, Fair Lending, CRA, and Legal Regulatory functions through participation in special projects and regulatory initiatives, assisting with the implementation of compliance programs and risk management objectives as assigned by the Regulatory Manager and/or BSA Officer.

REGULATORY COMPLIANCE - GENERAL FUNCTIONS % TIME

 
• Provides timely regulatory guidance and subject matter expertise to Florida management and business units regarding regulatory developments, regulatory changes, industry best practices, and emerging compliance risks. Facilitates the implementation of regulatory requirements and supports the adoption of consumer compliance laws and regulations applicable to the Florida market. 10%

• Develops, reviews, and delivers regulatory compliance training programs, compliance bulletins, and guidance materials to business and support units. Maintains training records, databases, attendance reporting, and related compliance documentation to ensure accurate tracking and regulatory readiness. 5%

• Assists the Regulatory Compliance Manager in preparing and maintaining management and committee reporting, including compliance metrics, risk assessments, scorecards, action plan tracking, task logs, regulatory updates, and other reports required to support management oversight and governance functions. 10%

• Reviews, drafts, and provides regulatory compliance oversight for agreements, consumer disclosures, customer communications, operational notices, new products and services, and other documentation that may present regulatory compliance implications for the Florida region. 15%

 

• Performs regulatory compliance reviews and approvals of marketing campaigns, advertising materials, promotional programs, and product development initiatives to ensure compliance with applicable federal and state laws, regulations, and internal policies. 10%

• Coordinates with Florida business and operational units in the management, investigation, resolution and timely response of federal agencies consumer complaints, including complaints received through federal and state regulatory agencies. Supports management reporting, complaint trend analysis, and the implementation of corrective actions when necessary. 10%

• Provides regulatory compliance support to the Fair Lending and Community Reinvestment Act (CRA) Programs within the Florida region, collaborating with applicable business units and compliance partners to ensure adherence to regulatory requirements and support program objective 5%

• Reviews Florida Region written procedures and operational processes from a regulatory compliance perspective. Ensures procedures remain current and compliant with applicable laws, regulations, regulatory guidance, and corporate standards, while recommending modifications necessary to address regulatory changes, mitigate compliance risk, and enhance the effectiveness of internal controls. 10%

BSA/AML -GENERAL FUNCTIONS % TIME

 
• Supervises and evaluates the performance of the BSA Compliance Specialist and Transaction Monitoring Analysts assigned to the Florida Compliance Unit, ensuring the timely and effective execution of assigned responsibilities and adherence to established departmental objectives. 10%

• Assigns, distributes, and revises the work of the BSA Compliance Specialists and Analysts. 5%

• Supports the BSA Officer in establishing procedures and processes BSA/AML related particularly to the Florida Region. 5%

• Oversees, prepares and performs the following functions related to BSA/AML; (i) supervise the second level review of Florida suspicious activity investigations performed by the Corporate Compliance Unit; and (ii) review and approval account opening exceptions requested by the region’s Business Units and the Foreign Individual Accounts (iv) serves as a primary liaison between the BSA FIU Unit and the region obtaining explanations or supporting information supplementing the investigations process as well as in following up on the ARC cases, (v) serve as a liaison between the High Risk Customers Unit and the region, assuring timely completion of the OPBs among others. 5%


ADDITIONAL RESPONSIBILITIES
ADDITIONAL FUNCTIONS

 
• Support remediation efforts and monitoring plans for identified regulatory compliance or BSA/AML gaps or findings.

• Assists the Compliance Manager and BSA Officer during compliance examinations performed by a federal agency. 

• Assist in CRA & Fair Lending quality assurance processes and related reporting activities.

• Support corporate compliance projects, ensuring appropriate design, implementation, and tracking of deliverables. Additionally, assist Corporate Compliance Departments during examinations and internal audits.

• Identify and implement opportunities to improve processes, workflows, and system efficiencies.

• Prepare committee-level reporting materials and regulatory summaries.

• Ensure compliance unit operations meet established quality, timeliness, and regulatory standards.

• Foster employee engagement through feedback sessions, recognition initiatives, and team-building activities.

• Maintain communication with Management regarding team performance, risks, and operational challenges

REQUIREMENTS

 
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION

 
Education Level Education Details Req Pref

Bachelor’s degree and MBA are preferred (or equivalent experience) or Juris Doctor Business, Finance, Accounting, Economics, Juris Doctor, or related field). Together with specialized regulatory compliance expertise.  X And

WORK EXPERIENCE

 
Experience Experience Details Req Pref

5-8 years Compliance position in the Banking Industry.  X

Or the equivalent combination of Education and Experience needed to be able to perform the functions of this job.

KNOWLEDGE, SKILLS AND ABILITIES

FUNCTIONAL COMPETENCIES PROFICIENCY

 
Regulatory issues advising capacity High

Ability to work in a fast-paced and stressful environment High

Strong analytic skills High

Strong interpersonal communication, leadership and teamwork oriented High

Strong written, verbal, and presentation communication skills (both preparer and facilitator) in English and Spanish, including the ability to produce clear, concise, exam-defensible documentation and deliver effective management reporting and stakeholder presentations High

Problem solving, detail oriented High

Maintains and promotes a high standard of confidentiality and strong ethical values High

Fluent in English and Spanish High

Able to work with a minimum of supervision High

Organization and prioritization skills High

Proficient in Excel, Word, Outlook,  Power Point High

Sound judgment and proper criteria for establishing priorities correctly High

Must be able to work several important projects simultaneously observing excellence quality standards. High

Analyze business needs and understand the operational workflow. High

LICENSES AND CERTIFICATIONS

 
Licenses/Certifications Licenses/Certification Details Time Frame Req Pref

CAMS Certified Anti-Money Laundering Specialist X

COMPETENCIES

GRADE FAMILY: EXECUTIVE / MANAGEMENT

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 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 curiosity for learning and perform 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

Empowering & Motivating Others The ability to create a positive environment and enable others to have ownership of their jobs and responsibilities

Managing Performance At leadership levels sets clear goals and expectations for excellence performance

PHYSICAL ACTIVITY

 
The physical activities described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions

PHYSICAL DEMANDS

 
ACTIVITY FREQUENCY (PERCENT OF TIME)

 
Little or no physical demand Occasional Up to 25%

Moving of light weight material Occasional Up to 25%

Moving heavy weight material. Works in difficult work posititions. Occasional Up to 25%

Seated Regular 25% to 50%

To walk, On foot Regular 25% to 50%

Visual, Motor effort Regular 25% to 50%

Tu pull ahead, to raise, to load Regular 25% to 50%

To handle, To operate Regular 25% to 50%

TRAVEL REQUIREMENTS

 
Frequency (Percent of Time) Travel Area

Occasional Up to 25% All Regions

WORK ENVIRONMENT

 
WORKING CONDITION WORK ENVIRONMENT

 
Office with freedom of movement Regular 25% to 50%

Outside Occasional Up to 25%

Noise Not Applicable 0%

Vibration Not Applicable 0%

Extreme Cold Not Applicable 0%

Extreme Heat Not Applicable 0%

Little light Not Applicable 0%

Dust Not Applicable 0%

Mechanical or electric risk Not Applicable 0%

Atmospheric Conditions Not Applicable 0%

Hazards Not Applicable 0%

SUPERVISION

 
Supervision Responsibility: Yes

Supervise To:

A Unit Supervisor and a total Unit Staff of 3 FTE’s

INDEPENDENCE OF JUDGEMENT

 
The degree of judgment required involves complex analysis, the processing and presentation of potential recommendations, and the integration and coordination of diverse elements for application to specific topics. It also encompasses ongoing analysis of specialized and complex subject matter.

IMPACT OF ERRORS
Errors associated with this position substantially influence activities across other departments, external services, the Bank’s strategic outcomes, and its federal or local examination ratings among regulatory agencies and the broader community.

COMPENSATION

 
Incentive Plan: X No

PAY GRADE:
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 indented 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.

   

EQUAL EMPLOYMENT OPPORTUNITTY EMPLOYER