Compliance Bsa Manager - Bsa Compliance (Sanctions Governance) Dept-Firstbank Pr

COMPLIANCE BSA MANAGER BSA COMPLIANCE (SANCTIONS GOVERNANCE)) FIRSTBANK PR Our Company

At First Bank PR, we strive to be a trusted advisor to our clients and our employees are the ones that ensure we deliver on our promise of excellence in personalized customer service. Our more than 3,100 employees in Puerto Rico, the Virgin Islands and Florida share a passion for excellent customer service. We are proud of our team because they are continuously surpassing our client's expectations.

The Compliance Manager of BSA/Sanctions Governance is a senior leader within the Compliance Department and serves as a key advisor and strategic partner to the BSA Officer. The role owns and manages BSA governance support, the OFAC Sanctions Program, AML and OFAC training, FinCEN 314(a), Section 311, regulatory reporting support, policy development, audit and examination responses, risk assessments, and cross-jurisdictional compliance activities across Puerto Rico, Florida, the U.S. Virgin Islands, and the British Virgin Islands.

The role also leads enterprise-level compliance reporting cycles and supports the BSA Officer during independent testing cycles, FDIC examinations, CIAD reviews, and strategic regulatory reviews.

• Manages the execution of governance, OFAC/Sanctions program, training, and FinCEN 314(a) and 311 responsibilities across all jurisdictions, in coordination with and under the direction of the BSA Officer.
• Leads the execution of the OFAC and Sanctions Compliance Governance program, aligning enterprise policies, controls, and processes with U.S. and international expectations (OFAC, USA, FATF, FSC, FIA, UK).
• Leads the review and update of policies under the BSA Officer’s scope, ensuring alignment with evolving regulations; prepares publication packages for executive and Board approval.
• Oversees the accuracy and integrity of enterprise-wide BSA/AML and OFAC metrics and prepares near-final reports and dashboards for the BSA Officer’s review, ensuring they are complete, clear, and aligned with the expectations of senior management. These include Quarterly BSA/AML/OFAC Progress Reports and Board-level relevant SAR for the BOD Risk Committee, Enterprise Risk Management Committee, and regional BSA Committees summarizing BSA/AML/OFAC activity and strategic outcomes, biannual BSA Subcommittee presentations, and the BSA 5 Pillars Reports presented to the full Board twice per year.
• Owns and executes the regulatory agenda and compliance reporting calendar, ensuring timely completion, quality control, and submission of all corporate reports.
• Ensures timely completion of certification, attestations, and due diligence documentation (Wolfsberg Questionnaire, AML/CFT Questionnaire, Correspondent Banking Questionnaire, FED Annual KYC).
• Drafts regulatory memoranda and formal compliance opinions by analyzing laws, regulatory guidance, and enforcement actions.
• Documents internal interpretations of evolving regulations and support the rationale for policy and programmatic changes.
• Supports geopolitical/special risk reviews (e.g., Russia/Ukraine, Venezuela, Special Measures), assessing institutional exposure and control readiness.
• Leads the OFAC/Sanctions Risk Assessment annual process, including the creation of risk matrixes, coordination of institutional data, results analysis, and presentation to the Board Risk Committee and Senior Management. Gathers and validates data from business units across the Bank to ensure an accurate, data-driven risk profile.
• Coordinates activities for the BSA/AML Risk Assessment by gathering and validating institutional data, compiling metrics, supporting analysis, and preparing management-ready reporting for review by the BSA Officer.
• Annually reviews and updates the enterprise-wide Compliance Training Program and ensures alignment with regulatory expectations.
• Designs, delivers, and manages classroom and online BSA/AML and OFAC compliance training programs for internal and external audiences.
• Conducts training assignment reviews for over 3,000 employees across the organization, ensuring content matches role-based exposure and tracks completion of the training…