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A Brief Overview The Compliance Specialist supports the execution of FirstBank’s Compliance Management System (CMS), focusing primarily on federal and local consumer protection laws and regulations. The Specialists conduct compliance monitoring and testing to identify policies, procedures, governances, and training weaknesses to preclude non-compliance with requirements and prescriptions of federal and local consumer protection laws and regulations. This process also includes reviews at the transaction level during the normal daily activities in every business or operating unit. The Compliance Specialist prepares, and issues reports documenting results and action plans addressing the findings, as applicable.This position also works in coordination with all other units within the Regulatory Compliance Area, ensuring practices, governance, reporting, internal controls, and systems are comprehensive, timely, and successful at identifying and measuring material compliance risk throughout FirstBank, its affiliates, and subsidiaries, including the Puerto Rico, Eastern Caribbean, and Florida regionsEssential Responsibilities•Assess business units and/or support areas’ policies, procedures, practices, and governance routines related to products and services available/offered by FirstBank.•Conducts transaction testing to assess compliance with applicable federal and local consumer protection laws and regulations. Determines the root cause(s) for any potential violations found in transaction testing.•Documents results of the monitoring and/or testing reviews and discuss findings and recommendations with management.•Follow-up and/or escalating issues or open items identified, ensuring they are addressed and subsequently closed by the business units and/or support areas.· Identifies possible or potential consumer protection compliance risks and advises management and business units to mitigate or address the identified risks.•Completes assigned compliance assessments, monitoring and/or testing reviews as scheduled throughout the year.•Assists compliance managers in developing reports for FirstBank’s Board of Directors and Executive Committees, among others.•Assists compliance managers during federal regulators examinations and/or internal audits of FirstBank’s Compliance Management Systems and compliance with consumer protection regulations, fair lending laws, and UDAAPs Standards, as applicable.•Assist in any special project assigned by the compliance managers.What You’ll Need· Bachelor’s degree in Business Administration, Accounting, Law, or a related field· Excellent written and verbal communication skills in both Spanish and English is required.· Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint)· 3-5 years of compliance or regulatory experience (Consumer Protection Laws)· Knowledge of banking regulations and business operations, including BSA/AML· Highly motivated with the ability to multi-task and prioritize assignments.· Willingness to travel occasionally within all Bank regions (Puerto Rico, US and British Virgin Islands, and Florida).