Internal Control Specialist

Provide analytical support to the Compliance & Internal Controls department in developing, evaluating, improving and documenting compliance procedures for more complex and varied issues.

Duties & Responsibilities

• Work with various business partners to facilitate the completion of risk assessments and targeted operational risk assessment projects.

• Assisting the Principal Risk Owners and Principal Risk Coordinators with the identification of key risks and mitigating controls in their business units, as well as action plans to address any gaps in the mitigating measures identified.

• Conduct assessments focused on identifying key risks and mitigating controls in day-to-day operations and projects, as well as design and execution of tests to identify possible control weaknesses, preparing adequate documentations (working papers) regarding the assessment performed.

• Work with business areas to provide action plans to address any gaps in the mitigating measures identified.

• Investigate and assess the root cause of a loss/gain event, and assist business partners in addressing control deficiencies that surfaced as a result of such event.

• Review new product proposals to ensure same are supported by internal policies, suitability process, documentation, and in compliance with laws and regulations. Provide feedback and comments in preparation for the products committee, if applicable.

• Test self-assessments / controls to identify possible control weaknesses in departments and functions and other operational areas and recommend changes to minimize those weaknesses.

• Assist third parties with the overall assessment process and ongoing monitoring of outstanding items requiring follow-up and resolution.

• Conduct regulatory research, disseminate regulatory information, and provide opinions and advice on regulatory matters.

• Examine policies, procedures, and practices to ensure compliance with laws and regulations and implement any needed changes.

• Monitor the completion of all assigned activities of business partners to ensure agreed upon changes have been completed to address identified control weakness.

• Prepare reports of assessments performed and material for committees

• Support areas to develop key risk indicators when applicable

• Perform duties & responsibilities specific to department functions & activities.

• 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

• BA degree business or related field preferred, equivalent work experience considered.

• Minimum 4 years’ experience of bank and/or broker dealer experience with specialization in audit management, compliance or risk assessment roles

• Proven ability to develop, document and maintain operational policies and procedures, including the designing and documenting detailed process flows, and the development of operational performance and quality metric standards and reports.

• Experience working with Excel and Access, developing and maintaining various analyses and reporting tools.

• Knowledge in tools used for data science and other statistical analyses such as SAS, Tableau, ACL or Phyton. (preferred)

• Knowledge of U.S. banking and broker dealer regulations, Sarbanes-Oxley and COSO.

• Advanced skills in Microsoft Office applications, specifically, Excel, Access, Power Point and Word

• Strong communication skills

• Fluency in English and Portuguese is desirable