Client Risk Management Specialist

1 week ago


Miami, United States Itau Full time
Position Overview


The chosen candidate will be integrated into the Risk Management division, which oversees Front Office risk, Market Risk, Liquidity Risk, Credit Risk, Operational Risk, and Internal Controls.

This role involves collaboration with a diverse team, engaging with colleagues across various locations and departments, including Client Facing and IT applications.


Working within a smaller banking environment in Zurich, yet part of a larger group, you will gain insights into various topics and make immediate contributions to the organization.


Key Responsibilities:

  • Conducting analyses, executing controls, and reporting on indicators related to the suitability and appropriateness of client investments.
  • Evaluating various financial instruments and transactions.
  • Overseeing the performance calculation process and results of client portfolios.
  • Testing and implementing quality assurance measures for client-facing systems.
  • Reporting findings to Senior Management.
  • Participating in the Bank's projects.
Compliance with Anti-Money Laundering and Bank Secrecy Act principles, laws, regulations, and Itau's policies is essential.

Typical Activities and Responsibilities:

  • Collaborating with other departments to ensure a robust suitability process, guaranteeing compliance with regulatory guidelines to protect both clients and the bank.
  • Assessing the impact of stressed scenarios on client portfolios and credit positions.
  • Managing the risk and exposure of client investments held in custody.
  • Generating and evaluating suitability and risk reports, ensuring data accuracy, resolving breaches, and performing ad-hoc reporting/projects.
  • Implementing and executing quality assurance processes, understanding the end-to-end flows and relevant IT applications.
  • Approving new products and evaluating their risks and potential impacts on client positions.
  • Monitoring real-time market conditions and communicating potential disruptions to bankers and advisors.
Education:
  • Bachelor's degree in Economics, Business Administration, Finance, Engineering, Mathematics, Statistics, or a related field.
Work Experience:
  • A minimum of 4 years of relevant experience.
  • Experience with financial instruments and risk management.
Performance Expectations:
Essential Skills and Attributes:
  • Knowledge of common financial products and asset classes, including equity, fixed income, and currency markets.
  • Fluency in English and Portuguese is mandatory.
  • Strong analytical skills and attention to detail.
  • Well-organized and detail-oriented.
  • Adaptable and open-minded.
  • Collaborative team player.
  • Creative problem-solver.
  • Advanced skills in Microsoft Office Excel.
Desired Skills:
  • Proficiency in Portuguese.
  • Familiarity with VBA and/or SQL.
  • Knowledge of Bloomberg.
  • Experience with Alteryx.


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