IT Internal Controls Specialist I

Description

Provide specialized support to the Operational Risk and Internal Controls department in maintaining control and regulatory compliance during regulatory examinations and audits.

Tasks

• Work with various business partners to facilitate the completion of assessments and targeted operational risk assessment projects.
• Assisting the Principal Risk Owners and Principal Risk Coordinators in identifying key risks and mitigating controls within their business units.
• Conduct assessments focused on identifying key risks and mitigating controls in day-to-day operations and projects, as well as designing and executing tests to identify potential control weaknesses, and preparing appropriate documentation regarding any necessary corrective actions based on the assessment results.
• Working with business units on day-to-day activities and projects, as gaps in the mitigation measures were identified.
• Complies with all post-close findings and errors, and uses the tools system to monitor control issues such as re-plans and day-to-day operations.
• Test self-assessments and controls to identify gaps in mitigating controls
• Assist business partners in addressing control weaknesses and implementing corrective actions.
• Review proposals for new product controls to ensure they are supported by findings and to ensure compliance during the pre-launch phase of new products.
• Test self-assessments and controls to identify potential control weaknesses in departments, functions, and other business units.
• Ongoing monitoring of outcome issues resulting from the evaluation of findings and development plans, and revising plans as needed.
• Analyze, design, document, and maintain the control monitoring plan and test plan.
• Collaborate with cross-functional teams (e.g., Risk, Legal, IT) to develop effective controls and mitigate risks.
• Maintain and optimize existing IT control frameworks based on industry standards.

Requirements

• A bachelor's degree in business or a related field is preferred; equivalent work experience will be considered.
• At least 2 years of experience in bank and/or broker-dealer operations. Risk assessment roles.
• Proven ability to develop, document, and maintain an operational performance manual. Experience conducting assessments, reviews, audits, and/or testing.
• Experience working with Excel, Access, and/or other similar analytical systems, and building dashboards.
• Knowledge of tools used in data science and other statistical analyses (Preferred)
• Knowledge of U.S. banking and broker-dealer regulations, the Sarbanes-Oxley Act, and COSO methodology.
• Advanced skills in Microsoft Office applications, specifically Excel, R, or Python.
• Strong communication skills.
• Fluency in English.
• Fluency in Spanish and/or Portuguese is preferred.