Advisor, Bank Secrecy (Governance)

The BSA Governance Advisor is responsible for assisting the development and maintenance of the Bank BSA/AML Program. The Advisor, Bank Secrecy (Governance) works with the BSA Manager, BSA Officer and the business operations to ensure the financial institution is operating in compliance with applicable laws and regulations as well as policies and procedures. This is achieved through coordinating and conducting detailed regulatory preventive interventions, to ensure compliance with applicable laws, regulations and internal policies and procedures. This position works on-site and reports to San Juan, PR.

MAJOR DUTIES & RESPONSIBILITIES:

• Supervise the planning and execution of the BSA/AML quality reviews within the context of the Branch.
• Compare practice with regulatory and internal requirements to identify variances.
• Determine areas where corrective action is required.
• Act as a compliance liaison with the business to prioritize changes.
• Develop supplemental compliance training materials as needed for new and existing items.
• Follow-up and perform validation of remediation activities to ensure control issues are effectively resolved.
• Staying abreast of BSA/AML laws, rules and regulations impacting the financial institution. Supervise the partnering with branch personnel to ensure the regulatory risks are properly identified and mitigated with the business lines, and ensuring that the changes are incorporated into the independent assessment process and implement best practices.
• Drive change with management to strengthen the BSA/AML & OFAC framework.
• Make recommendations for correcting unsatisfactory conditions and improving operations.
• Evaluate internal and external risks for BSA/AML laws and regulations.
• Promote a risk-aware culture; ensure efficient and effective risk and compliance management practices by adhering to required standards and processes.
• Assists BSA management with the development of the corporate quality plan.
• Other duties may be assigned.

EDUCATION AND EXPERIENCE:

• Bachelor's in accounting, finance or business administration required
• Five (5) years of BSA governance and/or related compliance area experience required.
• Minimum education and experience required can be substituted with the equivalent combination of education, training and experience that provides the required knowledge skills and abilities.
• Extensive banking knowledge.
• Ability to work independently and in audit teams.
• Working knowledge in banking regulations impacting BSA/AML areas.
• Proficiency in MS-Office Products.
• Banking business understanding and knowledge which includes best practices in banking laws, rules and regulations (respect of BSA/AML compliance issues).
• Excellent oral and written communication skills
• Demonstrate proficiency in meeting established deadlines.
• Experience working on multiple concurrent projects.

Oriental is an Equal Opportunity Employer (EEO Employer / Affirmative Action for Females / Disabled / Veterans)

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