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Client Risk Management Specialist

2 months ago


Miami, United States Itau Full time
Key Responsibilities


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

As a member of the Risk Management team, you will collaborate with a diverse group of professionals, engaging with colleagues across various locations and departments.


Working in a compact banking environment, you will gain insights into multiple subjects and make significant contributions to the organization.


Core responsibilities encompass:

  • 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 outcomes of client portfolios.
  • Testing and implementing quality assurance measures for client-facing systems.
  • Reporting findings to Senior Management.
  • Participating in the Bank's strategic initiatives.

Adherence to Anti-Money Laundering regulations and the Bank Secrecy Act, alongside Itau's policies and procedures, is essential.


Typical activities and responsibilities include:

  • Collaborating with other departments to ensure a robust suitability process, maintaining compliance with regulatory standards to protect both clients and the institution.
  • Assessing the effects 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 integrity, addressing breaches, and performing ad-hoc reporting/projects.
  • Implementing and executing quality assurance processes for the area’s operations, including understanding the end-to-end 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 relevant stakeholders.
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 understanding 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.
  • Structured and meticulous approach to tasks.
  • 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.
  • Proficiency in VBA and/or SQL.
  • Familiarity with Bloomberg.
  • Experience with Alteryx.