Business Unit Compliance Officer
Apply NowCompany: First Bancorp
Location: San Juan, PR 00923
Description:
Business Unit Compliance Officer
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
Oversees and maintains a comprehensive program for compliance risk controls and reviews throughout the organization to ensure company compliance with mortgage banking and related servicing laws and regulatory matters at the federal and state level, including but not limited to applicable regulation to PR, FLA and ECR. Serves as the controls expert by providing leadership and meaningful input to ensure policies and procedures comply with rules and regulations associated with mortgage lending.
What you'll do
What You'll Need to Succeed
Formal Education
Juris Doctor Degree together with specialized regulatory compliance training.
Bachelor's degree in accounting, Business, Management or other areas.
Knowledge and Experience
First Bank Puerto Rico is a proud to be an Equal Employment Opportunity Employer and takes affirmative action to employ Women, Protected Veterans, People with Disabilities and Minorities regardless of gender identity, sexual orientation, and any other legally protected status.
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
Oversees and maintains a comprehensive program for compliance risk controls and reviews throughout the organization to ensure company compliance with mortgage banking and related servicing laws and regulatory matters at the federal and state level, including but not limited to applicable regulation to PR, FLA and ECR. Serves as the controls expert by providing leadership and meaningful input to ensure policies and procedures comply with rules and regulations associated with mortgage lending.
What you'll do
- Recommend, develop and implement changes to existing and proposed procedures, policies, and programs. Oversee revision and dissemination of new and updated compliance standards and procedures.
- Provide advice and guidance to business units in PR and ECR, as required,regarding operational impact of investor and/or compliance changes.
- Provide advice, guidance and insight to Management on emerging compliance issues and consultations. Guide the company in establishment of controls to mitigate compliance issues.
- Direct and track the implementation of operational changes in order to maintain compliance with all applicable laws, rules, regulations, investor requirements and standard mortgage practices.
- Support management with audits/review's responses
- Review and draft as requested, procedures, policies, operational circulars and/or any other forms or communications.
- Draft opinions as requested by management related to applicable regulations.
- Evaluate areas and recommend training opportunities re Regulatory Knowledge.
- Participate in projects involving new or changes to existing regulatory impacted mortgage products or services.
- Lead the Business Line Risk Assessment for PR and ECR
What You'll Need to Succeed
Formal Education
Juris Doctor Degree together with specialized regulatory compliance training.
Bachelor's degree in accounting, Business, Management or other areas.
Knowledge and Experience
- Experience in risk management, audit, compliance and or legal research/practice.
- Write, speak and comprehend English and Spanish.
- Work with a minimum of supervision.
- Analytic thinking capacity.
- Knowledge of Word Processing software, Spreadsheet software and ASSIST software.
- Regulatory issues advising capacity.
- Interpersonal communication skills.
First Bank Puerto Rico is a proud to be an Equal Employment Opportunity Employer and takes affirmative action to employ Women, Protected Veterans, People with Disabilities and Minorities regardless of gender identity, sexual orientation, and any other legally protected status.