IT Internal Controls Specialist I

Itau US; Town of Florida (NY); On-site; USD 70,000 - 110,000; Full time

Job summary

Itau US in New York, NY seeks a specialized risk professional to support the Operational Risk and Internal Controls group. You will evaluate processes, identify key risks and controls, and help ensure regulatory compliance and policy adherence across business units.

The role involves partnering with various areas to perform risk assessments, design tests, document findings, and develop action plans to remediate control gaps while supporting reporting for committees.

Qualifications

• BA degree in business or related field or equivalent experience.
• Minimum 2 years in bank/broker dealer risk, audit or risk assessment roles.
• Ability to document and maintain operational policies and procedures.
• Experience with assessment, reviews, audits and testing in business/operations areas.
• Strong Excel/Access skills and reporting tool experience.
• Familiarity with data analysis tools (SAS, Tableau, ACL, R, Python) preferred.
• Knowledge of U.S. banking, broker-dealer regulations, Sarbanes-Oxley and COSO.
• Advanced MS Office skills (Excel, Access, PowerPoint, Word).
• Fluency in English; Spanish/Portuguese desirable.

Responsibilities

• Assist risk assessments with business partners and project teams.
• Support identification of key risks and mitigating controls in units.
• Design and execute tests to spot control weaknesses and document working papers.
• Develop action plans with business areas to close gaps.
• Investigate loss/gain events, address deficiencies with partners.
• Review new product proposals for compliance and documentation.
• Test self-assessments and controls, recommend improvements.
• Coordinate with third parties on assessments and follow-up.
• Perform regulatory research and share guidance on regulations.
• Examine policies to ensure law and policy compliance and implement changes.
• Monitor completion of activities and track changes with partners.
• Prepare assessment reports and material for committees.
• Create Key Risk Indicators and assist in KPI development.
• Fulfill department duties and ensure BSA/AML policy compliance.

Skills

Operational risk

Risk assessment

Regulatory compliance

Fluent English

Spanish/Portuguese desirable

Education

BA degree in business or related field

Tools

Excel

Access

PowerPoint

Word

SAS

Tableau

ACL

R

Python

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.

Equal Opportunity Employer
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