Client Risk Management Specialist

1 week ago


Miami, United States Itau Full time
Key Responsibilities


The selected candidate will be an integral part of the Risk Management division, focusing on Front Office risk, Market Risk, Liquidity Risk, Credit Risk, Operational Risk, and Internal Controls.

In this role, you will collaborate with a diverse, multinational team, engaging with colleagues across various locations and departments, from Client Facing to IT applications.


As a member of a small bank within a larger group, you will have the chance to explore a range of topics and make a significant impact on the organization.


Core Responsibilities Include:

  • Conducting analyses, executing controls, and reporting metrics 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 protocols for client-facing systems.
  • Reporting findings to Senior Management.
  • Participating in various Bank projects.
Compliance with Anti-Money Laundering regulations and the Bank Secrecy Act, along with adherence to Itau's policies and procedures, is essential.

Typical Activities and Responsibilities:

  • Collaborating with different departments to ensure a robust suitability process, guaranteeing that the advisory flow complies with regulatory standards, thereby safeguarding 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 analyzing suitability and risk reports, ensuring data accuracy, resolving breaches, and performing ad-hoc reporting/projects.
  • Implementing and executing quality assurance processes for the area’s operations, including understanding the complete flow of processes and relevant IT applications.
  • Evaluating new products, assessing 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 professional experience.
  • Experience with financial instruments and risk management practices.
Performance

Essential Skills and Attributes:

  • Strong knowledge of common financial products and asset classes, including equity, fixed income, and currency markets.
  • Fluency in English and Portuguese is mandatory.
  • Analytical mindset with attention to detail.
  • Well-organized and meticulous.
  • Adaptable and open to new ideas.
  • Team-oriented and collaborative.
  • Creative problem-solving abilities.
  • Advanced proficiency in Microsoft Office Excel.
Desired Skills:

  • Knowledge of the Portuguese language.
  • Familiarity with VBA and/or SQL.
  • Experience with Bloomberg.
  • Proficiency in Alteryx.


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