What are the responsibilities and job description for the Sr. Credit Associate position at Itaú USA?
The role of a Sr. Credit Associate is to support the activities of the Commercial end in the sales effort of Credit Products and manage risk and controls of the Credit portfolio in a dynamic trading environment. The primary goal is to achieve operational excellence for Banco Itau International (BII) and Itau International Securities (IIS) Private Banking Clients. This non-client facing staff role is in charge of reviewing the private bank’s entire loan portfolio and ensuring that each individual loan conforms to the credit standards set by the organization. The Credit Specialist is also responsible for following up on nonperforming and underperforming loans.
Duties & Responsibilities
• Approval and maintenance of costumer credit limits, analyzing financial information to determine risks involved
• Prepare all Credit documentation for clients, ensuring proper legal documentation is in place
• Structuring and approval of new credit transactions
• Collateral Monitoring: prepare and review daily report for distribution to credit department and Sales Force
• Work closely with Sales Force on investigations, resolutions, and status updates to ensure that the overdrafts and margin calls are monitored and controlled
• Helps on internal and external Audits
• Maintain orderliness and control credit files
• Elaborate and Distribute all Credit Reports
• Responsible for approving internal transfers / visa control and trades
Compliance with Anti-Money Laundering and Bank Secrecy Act related principles, laws, rules and regulations, as well as Itau’s related policies and procedures.
· Project Management for Credit Products
Qualifications
• Bachelor’s degree. MBA is desirable.
• Minimum 3 years’ experience in Credit and 3 years in the Financial Industry
• Knowledge of credit products, fiduciary products and market, securities characteristics
• Microsoft Office programs, advanced Excel proficiency required
• Bloomberg
• Temenos / T24 knowledge is desirable
• Organized self-starter person that can effectively perform in a fast paced, dynamic, multi-operating system, multi-company environment
• Fluency in Portuguese or Spanish is desirable
· Experience in Private Bank is a plus