Summary
Overview
Work History
Education
Skills
Timeline
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Karin Urquizo

Pembroke,MA

Summary

Experienced risk professional driven to optimize processes and streamline operations for team efficiency. Decisive leader with an analytical and flexible approach to solving problems.

Overview

15
15
years of professional experience

Work History

Business Control & Risk Management Sr Associate VP

Santander Bank
07.2018 - Current
  • Performs Quality Control testing as part of the commercial bank’s First Line of Defense, creating dashboards to efficiently share results with stakeholders.
  • Supported the initial implementation of the Commercial Bank Quality Control program by drafting the scope, defining the sampling methodology, and developing test scripts for comprehensive underwriting process evaluations, ensuring strict alignment with internal policies and procedures
  • Coordinated and executed the successful launch of the Commercial Bank’s Borrower in Custody (BIC) program meticulously designing its monthly monitoring procedures, leading to two no comment audits from the Federal Reserve Bank of Boston
  • Collaborates with the Business and Operation teams to facilitate the remediation of identified issues and provides clarification on policy or procedure requirements, fostering a culture of continuous improvement
  • Forged strategic partnerships with business units to bolster existing controls or introduce new ones aimed at addressing identified deficiencies, leveraging insights gleaned from root causes identified in test results
  • Assumed a pivotal role in monitoring and proactively recommending process enhancements across various credit monitoring processes, including credit policy adherence, underwriting guideline exception reporting,Enterprise Value calculation, leveraged lending, FDIC High Risk Loans, field examinations, borrowing base assessments, covenant compliance, and more
  • These efforts were instrumental in supporting the resolution of Matters Requiring Attention (MRAs) and findings from Internal Audit, Credit Review, and regulatory examinations.
  • Streamlined operational efficiency by identifying areas for improvement and proposing actionable solutions.

Global Credit Review Analyst, Assistant Vice President

State Street Bank
04.2010 - 07.2018
  • Performed comprehensive reviews of State Street’s credit exposures to collective investment vehicles (1940 Act funds, UCITS, Hedge Funds, BDCs) and other counterparty types to provide the bank’s senior management with information to manage credit and counterparty risk
  • Performed autonomous risk assessments and analyses within the credit risk department, assuming the role of a reviewer or Examiner in Charge
  • Collaborated with global business units to gather credit and counterparty data, including conducting site visits to offices such as SSB Munich and ERM Poland
  • Assessed the efficacy of credit processes and credit and counterparty risk protocols, identifying any deficiencies and providing recommendations for enhancements and adjustments when necessary
  • Developed and distributed selected senior management reporting and presented exam results to the Credit and Risk Policy Committee
  • Contributed as a Subject Matter Expert (SME) in Collective Investment Credit Rating Tool working groups, working closely with the Risk Analytics team to ensure internal credit ratings accurately reflected the risk associated with specific fund regulatory environments.
  • Identified trends and patterns in large datasets, leading to actionable insights for business growth.

Fund Manager, Officer

State Street Bank
09.2008 - 03.2010
  • Supervised group of custody operations Account Managers serving the needs of a client with $50 billion of assets under custody
  • Maintained a positive relationship with the client, producing and participating in the presentation of the monthly client report card and working with other departments to have client requests and inquiries resolved in a timely basis
  • Directed timely and accurate processing for a group of multi-managed accounts, including cash and cap-stock movements, trade settlement, expense payments and income collection, foreign account openings as well of complex conversion, PIK and subscription –in-kind transactions
  • Ensured that training needs in the group were met and worked with staff to ensure appropriate professional development
  • Coordinated team’s compliance with external and internal auditors’ requests
  • Key contributor to the department’s review of custody Standard Operating Procedures, such as Foreign Tax Reclaim Processing procedure
  • Contributed to different committees in support of the Investor Services division goals, such as the planning of the Custody Center of Excellence, the design of the IS MBA Rotational program and the implementation of the Shared Services and Client Ops business restructuring.

Education

Enterprise Risk Management Credit Training Program -

State Street Corp.

Master of Science -

Carroll School of Management, Boston College
Boston, MA

MBA, Concentration in Finance -

University of Massachusetts Boston

BA in Communications, Concentration in Marketing -

University of Lima, School of Communications

Skills

  • Risk Management
  • Control testing
  • Process Improvement
  • Counterparty Review
  • Credit Risk
  • Risk Assessment
  • Bilingual in English and Spanish
  • MS Office
  • Salesforce

Timeline

Business Control & Risk Management Sr Associate VP

Santander Bank
07.2018 - Current

Global Credit Review Analyst, Assistant Vice President

State Street Bank
04.2010 - 07.2018

Fund Manager, Officer

State Street Bank
09.2008 - 03.2010

Enterprise Risk Management Credit Training Program -

State Street Corp.

Master of Science -

Carroll School of Management, Boston College

MBA, Concentration in Finance -

University of Massachusetts Boston

BA in Communications, Concentration in Marketing -

University of Lima, School of Communications

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Karin Urquizo