Compliance Officer/Regulatory Risk Assessment

About the position

Responsible for working with business partners to conduct enterprise-wide regulatory risk assessments. Assessments are conducted in accordance with a standardized framework and methodology, the purpose of which is to understand the level of inherent compliance risk exposure associated with Popular's business segments, assess controls, and ensure residual risk remains within tolerance. This position will execute Risk Assessments process and suite of tools used to measure Regulatory Compliance, Financial Compliance, UDAAP and Fair Lending risk.

Responsibilities

• Prepares and executes enterprise-wide regulatory risk assessments to assure ongoing compliance with Consumer Federal and Local regulations
• Ability to understand and interpret various laws, regulations, and policies
• Research regulatory law, recent or proposed changes, guidance, and interpretations as part of the planning process of the assessment
• Develop walkthrough questionnaires for assessed lines of business to ascertain compliance with regulatory requirements and determine the effectiveness of internal control processes
• Conduct information gathering sessions with Business Unit personnel (including management and support staff)
• Perform substantive on-site assessment of risk and controls
• Summarize results, prepare written final reports to be presented to management, and document all issues raised during the assessments
• Demonstrate an understanding of business processes, control frameworks, and related regulatory and compliance standards
• Analyze data from multiple sources and systematically document the work and results
• Follow assessment schedules to ensure all assessments are completed within established timeframes and documented within systems of record
• Assess the inherent and residual compliance risks and controls through the established risk and control framework
• Identify and confirm potential compliance issues
• Develop, socialize, and present the risk assessment framework and methodology results to compliance counterparts and business lines
• Suggest risk mitigation strategies to business areas and other control functions
• Update as needed policies and procedures related to the risk assessment process
• Ensure results of the risk assessment are tracked until remediated in accordance with corporate compliance standards
• Own, develop and enhance the Risk Assessment Methodology and suite of tools, as needed
• Provide updates on the risk assessment process as needed
• Establish and maintain strong relationships with other Compliance Units and Business Areas
• Engage with subject matter experts as needed
• Support the Compliance Program Office in Internal Audits, exams, and reporting as needed

Requirements

• Bachelor's degree from an accredited university or college in Business Administration or related field
• At least three to five years' related experience in Risk Management, Compliance, or Internal Audit
• Must be fluent in Spanish and English

Nice-to-haves

• Juris Doctor preferred