Analyst, Corporate Operations

The Analyst, Corporate Operations assess and evaluate first line Enhance Due Diligence (EDD) reviews, including analysis and completion of requests to ensure fulfillment of AML/KYC requirements, as well as compliance of all client records with CIP and EDD parameters. Perform first Line Customer Due Diligence reviews for all new accounts and clients, including analysis of CDD High-Risk Customers in accordance with Oriental's High Risk Customer Matrix, KYC procedures, and BSA/AML Policy to ensure compliance with BSA and USA Patriot Act regulations as well as Oriental's policies and procedures to mitigate, detect and report suspicious activity. Position will be working hybrid based in San Juan, PR.

Main Duties & Responsibilities:

• Perform Customer Due Diligence reviews (CDDs) for new clients and accounts 
• Review High-Risk customers in accordance with Oriental's CDD and EDD Procedures and High-Risk Customer Matrix.
• Oversee and review EDD findings and questions.  Coordinate with Relationship Support, Relationship Officer, or Customer for final validation and resolution.  Ensure timely follow up to ensure completion within required cycles.
• Identify unique risks which may be posed by High-Risk Clients and recommend controls to mitigate said risks via enhanced periodic reviews, specified Activity Monitoring Parameters, and adherence to BSA/AML reporting requirements.
• Identify unusual activities and behaviors across multiple products, analyzing and assessing information and referring all transactions that may be indicative of potentially suspicious activity related to money laundering, terrorist financing, fraud, drug trafficking, tax evasion, for further investigation or reporting as outlined in Oriental's BSA/AML procedures.
• Coordinate and complete special reviews as required: Series Funds, Separate Series, Economic Groups, and any other customer segments that require specialized attention.  Proactively design reporting and data analysis tools to enhance these reviews and recommend process's improvements to promote the understanding and management of these segments. 
• Develop process improvement initiatives to generate efficiencies related to new account and EDD review workflows, streamlined reporting to inform timely and strategic management decisions to ensure full compliance with all regulatory and procedural requirements in a timely manner as well as clear and effective communications.
• Support and ensure timely completion of reviews within all required cycles and accurate and timely implementation of corrective actions.
• Maintain and report statistics regarding CDD and EDD cycles.
• Assist in the development and improvement of quality control reporting, testing, and assessment standards for the Corporate Operations/Commercial Banking Team.
• Support and contribute as subject matter expert to the Commercial Banking team.
• Provide full back up for Manager responsibilities as required (New Account Review, Risk Ranking, Reporting, special projects among others).
• Other duties may be assigned.

 

Minimum Requirements:

• Bachelor’s degree in Business Administration, Accounting, Finance or related field required.
• Three (3) years of experience in Compliance or BSA required. Banking experience required.
• Minimum education and experience required can be substituted with the equivalent combination of education, training and experience that provides the required knowledge skills and abilities.
• Proficiency in MS Office (Word, Excel, Outlook) and other business applications required.
• Excellent written and verbal communication skills in Spanish & English required.
• Excellent interpersonal skills, multitasking, teamwork, and ability to work effectively with vendors is required.

 

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Oriental is an Equal Opportunity Employer (EEO Employer / Affirmative Action for Females / Disabled / Veterans)

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