IT Internal Controls Specialist I

Itaú USA; Fort Lauderdale (FL); On-site; USD 70,000 - 110,000; Full time

Job summary

Itaú USA is seeking a risk and controls professional to support the Operational Risk and Internal Controls department in evaluating processes, risks, and controls across business units.

The role involves coordinating risk assessments, test design, and documentation, with emphasis on robust controls, compliance with U.S. regulations, and effective reporting to committees.

Qualifications

• BA degree in business or related field preferred.
• Minimum 2 years’ bank and/or broker-dealer experience with specialization in Operational risk, Audit or Risk Assessment roles.
• Experience documenting and maintaining operational policies and procedures, including process flows and metrics.
• Experience with data analyses and reporting tools (Excel/Access).
• Knowledge of US banking regulations, Sarbanes-Oxley and COSO.
• Advanced Microsoft Office skills (Excel/Access/PowerPoint/Word).
• Fluency in English; Spanish/Portuguese desirable.

Responsibilities

• Facilitate completion of risk assessments and targeted operational risk projects.
• Assist Principal Risk Owners/Coordinators in identifying key risks and mitigating controls.
• Design and execute tests to identify control weaknesses; prepare working papers.
• Provide action plans to address gaps in mitigating measures.
• Investigate root causes of loss/gain events and address control deficiencies.
• Review new product proposals for policy alignment and regulatory compliance.
• Create and monitor Key Risk Indicators with business areas.

Skills

English fluency

Spanish/Portuguese desirable

Education

BA degree in business or related field

Equivalent work experience considered

Tools

Excel

Access

PowerPoint

Tableau

SAS

R

Python

ACL

Job description

Provide specialized support to the Operational Risk and Internal Controls department in evaluating business and operations areas’ processes, risks and controls to ensure they are adequate and reliable, in order to comply with regulations and/or Internal Policies and procedures, mitigating risks and avoiding errors.

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.
• 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
• Create Key Risk Indicators and support business areas to develop indicators.
• Perform duties & responsibilities specific to department functions & activities.
• Compliance with BSA/AML laws, rules, regulations and the bank’s BSA/AML policies and procedures is a part of the performance evaluation of all employees.
• . 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 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.
• Advanced skills in Microsoft Office applications, specifically, Excel, Access, Power Point and Word.
• Fluency in English.
• Fluency in Spanish and/or Portuguese is desirable.