The Risk Manager controls market, liquidity, and portfolio compliance risks of IUAM funds and products, provides operational and risk due diligence for new third-party target funds, and assists the Asset Management on issues relating to improvements in processes aimed at lowering fiduciary risk and enhancing controls of the investment process.

Duties & Responsibilities

· Assess market, liquidity, and portfolio compliance risk for all IUAM funds and products

· Utilize current systems and propose new solutions to minimize risks

· Interpret feedback from headquarters on risk management and portfolio compliance issues

· Propose methodologies, budgets, limits, and solutions related to identification, evaluation, measurement, management and control of market, liquidity, and portfolio compliance

· Generate and compile reports and presentations related to risk

· Provide operational and risk due diligence for new mutual funds, hedge funds and private equity funds

· Monitor, analyze, and review trading and portfolio activity to ensure continuous compliance with client, regulatory, and internal business guidelines, and rules

· Conduct independent testing for potential risk, regulatory, and compliance issues; produce appropriate reporting to portfolio management and senior management

· Support the development, implementation, and ongoing maintenance of portfolio management rules to ensure continuous compliance of all accounts and funds

· Ensure the following activities are performed and any breaches analyzed and logged: pricing methodology of assets in IUAM funds and products, investment compliance, analysis of performance attribution and performance fee, analysis of market, liquidity, and portfolio compliance risks of funds and products

· Compliance with Anti-Money Laundering and Bank Secrecy Act related principles, laws, rules and regulations, as well as Itau’s related policies and procedures.

Qualifications

· Bachelor’s degree in business administration or related field.

· Minimum 5 years of experience in Risk Management with demonstrated success preferably in the financial services industry

· Solid knowledge of MS Office and Windows-based computer applications

· In-depth knowledge of equities and fixed income instruments, fund of funds, derivatives, and pricing models

· In-depth knowledge of Portfolio Management and Investment Products, especially hedge funds, private equities, and mutual funds

· Experience with both U.S. and non-U.S. investment fund regulations (i.e., ‘40 Act and UCITs rules)

· Strong leadership skills

· Demonstrated ability to work cooperatively with multiple constituencies in diverse geographical jurisdictions

· Superior oral and written communications skills

· Demonstrated ability to manage multiple projects simultaneously with a high degree of efficiency

· Strong problem-solving skills with the ability to exercise mature judgment

· Fluency in English

· Fluency in Portuguese is desirable