Financial Reporting Jobs in Puerto Rico (NOW HIRING)

Job Overview

The Financial Controller and Operational Risk Manager of Advantage International Bank Corp. (AIBC) is a senior officer responsible for providing independent oversight of AIBCs financial accounting and reporting functions and operational risk management (ORM) framework. This role ensures that AIBC operates in a safe and sound manner, maintains accurate and compliant financial reporting, and adheres to all applicable Puerto Rico (OCIF) and U.S. federal regulatory requirements, including GAAP and Call Report standards and is primary management liaison with OCIF.

Job Responsibilities

Financial Controller

• Serves as senior authority on GAAP accounting and financial reporting of the AIBC.
• Oversees preparation of financial statements and timely submission of all regulatory filings and OCIF Call Reports.
• Responsible for the direct control of all accounting, financial analysis, and financial reporting of the AIBC.
• Review daily and monthly accounting activities required to maintain the general ledger.
• Responsible for the month-end, quarter-end, and year-end closing processes, including the review of general ledger postings.
• Responsible for the operational activity, including Accounts Payable, Accounts Receivable, revenue recognition, bank reconciliations, and Management Financial Statements preparation.
• Monitoring of and ensuring adherence to all external guidelines, policies, regulations, and laws related to the accounting function of the AIBC.
• Liaise with external auditors and regulatory examiners.
• Preparation of Management Reports for Board of Director meetings.
• Oversee AIBC's liquidity position and capital adequacy, providing daily or weekly reporting on the AIBCs net financial position.
• Direct the implementation and optimization of the AIBCs core accounting systems and internal controls over financial reporting.

Operational Risk Officer

• Responsible for the management and implementation of AIBCs Operational Risk Management (ORM) framework. This includes establishing governance structures, fostering a risk-aware culture, and developing risk identification and assessment tools such as Risk and Control Self-Assessment (RCSA).
• Responsible for the design and execution of risk monitoring and reporting policies, ensuring all activities necessary for the proactive management of operational risks are integrated into AIBC's daily operations.
• Liaise with the Board of Directors to translate the Boards expectations into formal Risk Appetite and Tolerance Statements to be approved by the Board, incorporating this guidance into practical, executable policies and procedures.
• Serve as the AIBCs primary liaison with external parties, including third-party auditors, consultants, and regulators (specifically OCIF), regarding Operational Risk Management issues and examination findings.
• Manage AIBCs Incident Management and Loss Data Collection process, ensuring all operational failures or "near misses" are recorded, analyzed for root causes, and remediated.
• Establish and track Key Risk Indicators (KRIs) to provide early warning signals to senior management before risk tolerances are breached.
• Prepares and presents enterprise risk dashboards and reports to senior management and the Board.
• Conduct "Deep Dive" reviews of new products or service launch to ensure all operational risks are identified and mitigated prior to implementation.
• Promotes a strong risk culture across the institution.

Job Requirements

• Bachelors degree in accounting, Finance, Business Administration, or related field.
• Advanced degree such as a masters in business administration or a master in science in accounting is a plus
• CPA certification strongly preferred.
• Minimum 10 years of progressive experience in accounting, financial management, risk management, or regulatory oversight within FDIC regulated financial institution including at least 8 in a role with supervisory responsibilities and board level reporting.
• Strong knowledge of GAAP, IFRS, Call Reports, OCIF regulations (including Legal Reserve reports), and U.S. federal banking requirements.
• Strong experience at an advanced level in financial modeling in Excel. Microsoft Dynamics 365 experience is a plus
• Fluent in both Spanish and English.