About the JobThis role sits within the Controllership and Regulatory Reporting team of the U.S. Finance team and is responsible for maintaining the integrity, accuracy, and consistency of accounting information for a US Bank. This includes applying US GAAP and procedures to analyze financial data, prepare accurate and timely financial and regulatory reports, and ensure the effectiveness of internal accounting control processes. Additional responsibilities include financial profitability analysis and the execution of special projects, as assigned.
Duties & Responsibilities- Support the accounting and controllership function, including the recording of assets and liabilities, revenue and expense recognition and intercompany transactions under US GAAP.
- Prepare and support with the submission of regulatory filings, including bank regulatory reports (e.g., Call Report / FFIEC 041 or 051, FR Y-9C / Y-9LP / Y-9SP) and support for OCC and FDIC examinations, information requests, and correspondence
- Support Basel III capital reporting (CET1, Tier 1, Total Capital, leverage ratio), RWA methodology and documentation (with focus on Lombard loans, Mortgage and collateralized exposures), and the CECL (ASC 326) framework and allowance modeling.
- Manage the month-end and year-end close processes, including preparation of journal entries and account reconciliations, ensuring compliance with US GAAP
- Participate in external financial statement audits, regulatory examinations, and internal audits. Assist in the development and maintenance of internal controls, accounting policies, and procedures to ensure compliance with applicable laws, regulations, and industry best practices, including Regulation W and affiliate transaction requirements.
- Support accounting and regulatory activities across other Itaú U.S. entities (e.g., NY, Lisbon, Zurich, Luxembourg, and the Caribbean)
- Supervise and lead a team of associate and analyst accountants
- 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- Bachelor's degree in Accounting or equivalent
- 6 to 9 years of financial accounting experience in a U.S. Commercial Bank with direct exposure to OCC, FDIC and/or Federal Reserve examinations
- Strong knowledge of U.S. GAAP and banking industry products.
- Hands-on experience preparing and reviewing U.S. bank regulatory filings, including the Call Report and FR Y-9 series
- Strong analytical and problem-solving with the ability to manage multiple priorities and deadlines
- Fluency in Portuguese or Spanish is a plus
- CPA or MBA is a plus
Compliance with Anti-Money Laundering and Bank Secrecy Act related principles, laws, rules and regulations, as well as Itau's related policies and procedures.
