The Compl Bus Control Officer is a strategic professional who stays abreast of developments within own field and contributes to directional strategy by considering their application in own job and the business. Recognized technical authority for an area within the business. Requires basic commercial awareness. There are typically multiple people within the business that provide the same level of subject matter expertise. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Significant impact on the area through complex deliverables. Provides advice and counsel related to the technology or operations of the business. Work impacts an entire area, which eventually affects the overall performance and effectiveness of the sub-function/job family.

Responsibilities:

• Contributes to the development, maintainance and implementation of enterprise wide standards and strategies to strengthen and enhance the Bank’s Regulatory priorities.
• Provides guidance to businesses and functions and their business partners in all matters affecting the priorities and works closely with stakeholders to ensure the most effective use of tools and resources in the Regulatory process.
• Drives various projects to advance the Regulatory priorities and is a key contributor to many other strategic regulatory initiatives.
• Manages framework for identifying and assessing regulations and the risks for each line of business to determine appropriate risk coverage.
• Identifies and analyzes risks, emerging risks, and regulations.
• Establishes framework to assess regulations and risks to identify typologies and required controls
• Has the ability to operate with a limited level of direct supervision.
• Can exercise independence of judgement and autonomy.
• Acts as SME to senior stakeholders and /or other team members.
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding the Bank, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications:

• 6-10 years of relevant experience in financial services with a demonstrated understanding of financial system regulations and relevant business domains.
• Experience in Risk Assessment and the development and compilation of policies and procedures
• Management experience.
• Balanced blend of analytical skills, problem solving, and reporting and communication skills.
• Ability to assess business transactions and products in terms of the associated regulatory risks
• Advanced organizational skills including attention to detail, multi-tasking and following up
• Experience using databases and other tracking tools to enforce global consistency
• Excellent writing and presentation skills
• Experience working collaboratively across various areas of the organization and presenting to senior management
• Proficient in Excel suite (Excel, PPT, Word, Outlook), Access domain is a plus.

Education:

• Bachelor’s degree/University degree or equivalent experience.
• Master’s degree preferred.

The In-Business Regulatory Engagement Office (IBREO) Team is responsible for the consistency in the promotion, support, monitoring, and reporting on Banamex communications with its regulators. In Mexico, the IBREO team will support the Franchise.

JOB DESCRIPTION:

IBOC team is a change agent aimed to enhance the regulatory engagement control culture and thereby support senior management decision making. This regulatory engagement role is a key partner addressing regulators’ concerns and is improving Banamex’s risk and control environment.

The Regulatory Engagement Vice President (VP) role will support the In-Business Regulatory Engagement Head by:

• Developing and monitoring the Mexico Franchise for oversight and communications during regulatory interactions.
• Implementing common standards, procedures, and governance processes to create and maintain consistent and best-in-class regulatory engagements and communications protocols; and
• Providing clear and consistent Supervisory Messaging for all communications between the Regulators and the Mexico Franchise.

The Regulatory Engagement VP role involves close liaison with the Regulators, Senior Management, Businesses and Functions ((1st Line of Defense and Enterprise Support), 2nd line of defense, and 3er line of defense across the Mexico Franchise, and with Regulatory Engagement global and regional teams to ensure appropriate understanding, access to and the correct application of the Regulatory Engagement model, processes, and practices.

The candidate should have a broad functional knowledge of processes, risks, controls, and regulations. Predominantly, this role is focused on Mexico Franchise but also supporting the global Regulatory Engagement teams across all regions.

The Regulatory Engagement AVP role is based in Mexico City, Mexico, and reports to the Regulatory Engagement Vice President based in Mexico City, Mexico.

KEY RESPONSABILITIES:

• Maintain and develop infrastructure efficiencies for the Regulatory Engagement model and channels of communication with regulator
• Assist in the review and improvement of global Regulatory Engagement model, processes, and practices, including innovation initiatives.
• Integrate all issues to the framework, ensuring consistency, escalation, timely communication of completion of action plans.
• Coordinate Regulatory Engagement reviews and provide an assessment over the quality of Regulatory Engagement’s work via formal Regulatory Engagement products (e.g., Scorecards, Thematic Reviews).
• Align designed framework to requests of the regulators.
• Ensure compliance with CITI policies, specifically those related to Regulatory Exam Management and Oversight Standard.
• Provide day-to-day support and guidance on regulatory engagement model, processes, and practices -related matters by leveraging experiencing and using professional judgement.
• Assist with periodic ad-hoc projects (e.g., research and development of Regulatory Engagement specific training).
• Assist the In-Business Regulatory Engagement Head in reviewing key internal and external Regulatory Engagement deliverables.
• Ability to manage multiple competing priorities and meet strict deadlines, both internal (infrastructure, MCA, Internal Audit, policies) and external (e.g., regulators).
• Operate independently as a Regulatory Engagement partner across the Mexico Franchise, forming partnerships at all levels.
• Support the In-Business Regulatory Engagement Head in fostering a strong Regulatory Engagement partnership with the Businesses and Functions, 2nd Line of Defense, and 3rd Line of Defense.
• Be a change agent in the continuous improvement program to deliver and maintain a best-in-class Regulatory Engagement function, sharing best practices and lessons learned with the Businesses and Functions, 2nd Line of Defense and 3rd Line of Defense.
• Assist in maintaining stakeholder communications through meetings as assigned by the In-Business Regulatory Engagement Head.
• Measure and report regulatory engagement activities and follow ups (regulatory exams, regulatory interactions, regulatory meetings, regulatory enforcement actions, regulatory issues).

Qualification and Competencies:

• Must be an articulate and effective communicator, both orally and in writing, with an energetic, charismatic, and approachable style. Candidates must have effective persuasion skills, the ability to work effectively at the highest levels of the organization and will display highly effective networking and influencing skills.
• Should have a thorough knowledge of operations and control systems as well as an understanding of best-in-class risk management, compliance, and audit/supervisory methodologies.
• Intermediate communication and documentation skills in English is required.
• Self-motivated, detailed oriented, and ability to multi-task especially interchange of Regulatory Engagement internal initiatives (e.g., scorecard review vs. review of regulatory specific deliverables).
• Ability to meet strict deadlines, either internal or external (e.g., regulators).
• Ability to think “out-of-box” in order to add value and provide clear guidance to audit teams– clear understanding of the underline purpose of the deliverables being reviewed (e.g., ensuring a specific concern raised by IA or regulatory agencies has been addressed and whether or not it is sustainable).
• Strong data analytics skills and experience with data to identify risk and anomalies within the internal control environment.
• proficient use of Office suite (Excel, PPT, Word, Outlook)
• Demonstrated ability to remain unbiased in a diverse working environment.

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Job Family Group:

Compliance and Control

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Job Family:

Business Control

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Time Type:

Full time

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