Senior Risk Analyst - Risk Assessment Department - Firstbank Pr

FirstBank Puerto Rico•San Juan, PR

About The Position

The Senior Risk Analyst supports the GRC Manager in identifying and implementing strategic enhancements to the Enterprise Risk Management (ERM) program. The role supports day-to-day management of regulatory examinations and governance matters for the Executive Risk Management Committee, and provides second-line oversight of risk management practices. It also supports corporate policy and product-program cycles, including new products and services; manages relevant modules of the GRC tool; and contributes to regulatory affairs, corporate material risk assessments, risk reporting, and governance initiatives. The position conducts risk analyses, develops mitigation strategies, reviews third-party contracts and business proposals, and coordinates risk analyses when needed. It also administers the GRC software platform, provides training, researches industry and regulatory developments, monitors regulatory observations, and produces the ERM Risk Newsletter. The employee must comply with applicable Bank BSA, AML, and OFAC policies and procedures, report suspicious activity or transactions according to Bank processes, and complete mandatory related training. The role requires working across multiple geographic boundaries and communicating in English and Spanish with regulatory examiners and management committees.

Requirements

Bachelor’s degree in business administration, accounting, or finance.
Six to seven years of experience in accounting, audit, finance, banking, internal controls, model risk, banking products, risk management, or financial reporting, or an equivalent combination of education and experience.
Strong presentation skills in English and Spanish for addressing regulatory examiners and management committees.
Strong knowledge of banking and risk management.
Demonstrated analytical, decision-making, and problem-solving skills.
Proficiency in Microsoft applications.
Ability to anticipate and provide service excellence to internal and external customers.
Ability to establish and sustain professional contacts and communicate clearly and effectively.
Ability to analyze problems, take initiative, and remain accountable for goals, outcomes, and deadlines.
Ability to provide direction and leadership, support cooperative teamwork, and adapt to change and new approaches.
Ability to work and integrate across multiple geographic boundaries.
Adherence to applicable BSA, AML, and OFAC policies and procedures, including suspicious-activity reporting and mandatory training.

Nice To Haves

Master’s degree in business administration, accounting, or finance.
Certified Public Accountant (CPA), Credit Risk Management Certification, or Certified Information Systems Auditor (CISA).

Responsibilities

Support regulatory examinations, communications, and agency requests, including those from the FDIC, Federal Reserve, and OCIF.
Provide second-line oversight of Risk Management practices.
Execute and monitor the corporate policy and product program cycle, including new products and services.
Manage the Policy Management and Regulatory Exam modules of the GRC tool.
Provide GRC training to relevant parties.
Lead special projects assigned by the Unit Manager, Unit Director, or CRO.
Research industry developments and the regulatory environment.
Assist with the ERMC agenda, Regulatory Affairs monthly updates, and Quarterly Risk Report.
Support the Corporate Material Risk Assessment Program.
Conduct risk analyses, develop mitigation strategies, and prepare reports.
Review third-party contracts, business proposals, and cases, and coordinate risk analyses when needed.
Support governance of the corporate incentive plan.
Administer and maintain the GRC software platform.
Produce the ERM Risk Newsletter.
Evaluate and monitor regulatory observations.
Comply with applicable BSA, AML, and OFAC policies and procedures, report suspicious activity or transactions through Bank processes, and complete mandatory related training.