The Advisor, Regulatory Compliance (Change Management) is primarily responsible for providing support in the development, maintenance, and monitoring of the Compliance Annual Plan, focused primarily on federal and state consumer protection laws and regulations applicable to financial institutions. Will work closely with the Corporate Regulatory Compliance Unit Manager and will have an active participation in the Regulatory Compliance Unit. This position will be working hybrid and is based in Oriental Center building, San Juan, PR.
Main Duties & Responsibilities
Achieve the Regulatory Compliance Unit annual plan objectives.
Works with other departments to improve internal controls and operational processes.
Develop and provide compliance trainings.
Participate in the development, maintenance, and execution of periodic risk assessments.
Support Management in the implementation and/or revision of the compliance policies and procedures.
Monitor the proper and timely filing of regulatory forms and reports required by federal and state law.
Collaborate with business units in the preparation of documentation and procedures for new products and/or services.
Respond to requests for advice, review and approve marketing materials, advertisement, and contest rules, and assist with any other special project as required by the Regulatory Compliance Director
Monitor regulatory changes and advise bank units with regards to required changes to policies and procedures resulting from new regulatory requirements related to consumer protection. Maintain Director and Senior Management informed of new laws and regulations, and/or amendments. Attend meetings and conferences calls regarding federal and local new rules to support impacted areas during the implementation process.
Other duties may be assigned.
Minimum Requirements
Bachelor's degree in Business Administration, Accounting or Finance required. JD preferred
Three (3) years of experience in compliance, risk or any other related area required. Banking experience preferred.
The 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 knowledge of financial institution policies and procedures required.
Experience in project management and implementation preferred.
Ability to read, analyze, and interpret government regulations, trade journals, and legal documents.
Able to respond to common inquiries from regulatory agencies, external consultants, etc.
Effective and clear communication skills with a broad range of employees across the organization, as well as with external counterparts.
Innovation and flexibility for meeting the demands of an ever-changing market.
Excellent computer skills, including Microsoft Office (Word, Excel, Power Point).
Analytical, proactive problem solving, organized, detail oriented and able to multitask observing the defined quality standards.
Excellent interpersonal skills, and ability to work effectively with internal clients, vendors, and IT staff.
Excellent written and verbal communication skills in Spanish & English required.
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