General Description
Performs ongoing monitoring analysis of transactions to assure compliance with Bank Secrecy Act (BSA), USA Patriot Act, Anti:Money Laundering (AML), Currency Transaction Reporting (CTR), Suspicious Activity Reporting (SAR), OFAC, among other regulations. Stays abreast of changes to federal and state banking laws and regulations affecting the management, operations and product offerings of the Bank. Collaborates in the assessment of money laundering/terrorist financing risk and recommends actions to be taken and/or controls to be followed.
Essential Duties and Responsibilities
:Analyzecustomer transactions to validate that they are aligned to their profiles.
:Assist in identifying possible SDN matches and/or unusual activity which may be related to fraud or AMLviolations.
:Escalate or refer to the corresponding parties within Popular as needed.
:Participatein the dual control process that monitors, reviews, and determines, on a daily basis, transactions involving potential matches against SDN lists.
:Reviewand scrutinizethe transactions for potential OFAC violations and examines all OFAC alerts.
:Collect documentation to support analysis.
:Support the units in special projects that may arise from time to time and as needed.
Supervisory Responsibilities:
This job has no supervisory responsibilities.
Education
Bachelors Degree in Business Administration or Criminal Justice
Experience
2 years relevant experience in Banking Industry, Compliance or Risk Management preferred but not required.
Knowledge, Skills and Abilities (KSAs)
:Practical knowledge of AML, BSA, USA Patriot Act and OFAC regulatory requirements preferred but not required.
:Knowledge of all applicable banking policies, procedures, laws, and regulations.
:Previous BSA/AML, fraud, loss prevention or corporate security investigative experience.
:Experience analyzing customer financial activity for unusual behavior, preferred but not required.
Values
Passion for People
Succeed Together
Own Every Moment
Build the Future
Additional Requirements
The information provided here is only a general guide as to the nature of the position and does not constitute an exact description of the goals, tasks, duties and responsibilities of the position. The specific details of each position are described in the employee's performance evaluation.
Important: The candidate must provide evidence of academic preparationor courses related to the job posting, if necessary.
ABOUT US
Popular is Puerto Rico's leading financial institution and have been evolving since it was founded over a century ago. From a small bank it has developed into a large corporation that offer a wide variety of services and financial solutions to our customers, with presence in the United States, the Caribbean and Latin America.
As employees, we are dedicated to making our customers dreams come true by offering financial solutions in each stage of their life. Our extensive trajectory demonstrates the resiliency and determination of our employees to innovate, reach for the right solutions and strongly support the communities we serve; therefore, we value their diverse skills, experiences and backgrounds.
We reaffirm our commitment to always offer essential financial services and solutions for our customers and communities, including during emergency situations and/or natural disasters. Popular's employees are considered essential workers, whose role is critical in the continuity of these important services even under such circumstances. By applying to this position, you acknowledge that Popular may require your services during and immediately after any such events.
If you have a disability or need more information about requesting an accommodation, please Apply at This email inbox is monitored for such types of requests only. All information you provide will be kept confidential and will be used only to the extent requi