Compliance Analyst

Summary:

We are seeking a highly organized and detail-oriented Compliance Analyst to join our Compliance team at an international bank in Puerto Rico. The successful candidate should have at least 3 years of experience in a similar role and will be responsible for ensuring that the bank adheres to all relevant regulations, policies, procedures, and standards. The Compliance Analyst will work closely with the Compliance Officer and other team members to maintain and enhance the bank’s compliance framework.

Responsibilities:

Client Onboarding:

- Conduct all required checks in line with regulations and internal policies during client onboarding.

- Verify client information and documentation to ensure compliance with KYC (Know Your Customer) and BSA AML (Anti-Money Laundering) regulations.

- Maintain accurate records of client onboarding processes and decisions.

- Preferably with knowledge of SWIFT and Lexis Nexis.

- Support the other Compliance Analyst with this activity.

Alert Review:

- Review alerts generated by the transaction monitoring system.

- Investigate and analyze unusual activities and transactions.

- Report findings and escalate issues as necessary to the Compliance Officer.

- Prepare narratives of Suspicious Activity Reports.

Profile Reviews and Profile Exceptions:

- Assess customer activity for low and moderate-risk customers. Changes in patterns should be supported with additional documentation or by contacts with the customer.

- Document Customer Due Diligence with details describing efforts conducted.

- Recommend changes in customer’s risk with supporting documentation.

- Escalate changes as considered necessary to the Compliance Officer.

Reporting and Documentation:

- Maintain accurate and up-to-date compliance records and documentation.

- Assist in the preparation of compliance-related trainings, presentations, and reports for senior management.

- Support the Compliance Officer with reports to be presented at the Quarterly Compliance Committee/Board of Directors.

Training and Awareness:

- Develop and distribute compliance awareness materials.

- Provide guidance and support to staff on compliance-related issues.

Projects:

- Support various compliance projects and initiatives such as System Validations, Risk Assessments, and ongoing improvement projects.

- Assist in the development and implementation of new compliance processes and monitoring activities.

- Participate in project meetings and contribute to project planning and execution.

Team Collaboration:

- Work closely with the Compliance Officer and other team members to achieve compliance objectives.

- Participate in team meetings and contribute to the continuous improvement of the compliance program.

- Foster a collaborative and supportive team environment.

Qualifications:

- Bachelor’s degree in Finance, Law, Business Administration, or a related field.

- Minimum of 3 years of experience in a compliance role within the banking or financial services industry.

- Minimum of 5 years of experience in the banking or financial services industry.

- Strong knowledge of local and international banking regulations.

- Excellent organizational and time management skills.

- Detail-oriented with strong analytical and problem-solving abilities.

- Effective communication and interpersonal skills.

- Ability to work independently and as part of a team.

- Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint).

Preferred Qualifications:

- Professional certification in compliance (e.g., Certified Compliance & Ethics Professional (CCEP), Certified Anti-Money Laundering Specialist (CAMS)).

- Preferably with experience and knowledge of Ocean System ECS, Monitoring System.

Attitudes and behaviors:

- Team player

- Positive attitude

- Able to work in confidential environment

- Proactive – recognize what needs doing and do it

- Problem solver

- Eager to understand and learn

Job Type: Full-time

Pay: $41,678.13 - $50,193.01 per year

Benefits:

- Paid time off

- Vision insurance

Work Location: In person