What are the responsibilities and job description for the Internal Controls Specialist position at TalentoHC?
Talento has partnered with an International Financial institution in search of an Internal Controls specialist to coordinate and provide analytical support to the Internal Controls department in developing, evaluating, improving and documenting procedures for more complex and varied issues.
Responsibilities
- Work with business partners to facilitate the completion of risk assessments and targeted operational risk assessment projects.
- Assisting the Principal Risk Owners and Coordinators with the identification of key risks and mitigating controls in their business units
- 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 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.
- 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
- Create Key Risk Indicators and support business areas to develop indicators.
- Compliance with BSA/AML laws, rules, regulations and the bank’s BSA/AML policies and procedures
Requirements:
- BA degree business or related field preferred, equivalent work experience considered.
- 2 years’ experience of bank and/or broker dealer experience with specialization in Operational risk, Audit 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 performing assessment, reviews, audits and/or testing in Business, Commercial, and/or Operations areas/processes.
- Experience working with Excel, Access and/or other similar tools, developing and maintaining various analyses and reporting tools.
- Knowledge in tools used for data science and other statistical analyses such as SAS, Tableau, ACL, R or Phyton. (Desirable)
- Knowledge of U.S. banking and broker dealer regulations, Sarbanes-Oxley and COSO methodology.
- Fluency in Spanish and/or Portuguese is desirable.
Talento Human Capital Management provides talent and organizational solutions enabling businesses to evolve beyond tactical human resources management. Our footprint spans across the US, South America, and Asia.
About Talento:
Our organization continues to thrive through our ongoing commitment to building an inclusive and diverse workforce from different backgrounds, perspectives, and skills. Talento Human Capital Management (HCM) is an equal opportunity employer, and people are at the center of what we do!
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