The role will ensure the product controls in place are in compliance with the internal and external regulations applicable for each process, and propose adjustments needed to increase controls effectiveness.
- Monitor, review, and test of process and systems controls, and report breaches of risk appetite.
- Implement actions to improve controls and mitigate risks.
- Design and implementation of the end-to-end internal control framework.
- Collaborate with all business areas to ensure that effective controls are established as a key part of process and system design.
- Ensure the proper functioning of information processing systems in accordance with security policies, as well as the preparation of complete, correct, accurate, complete, reliable and timely information.
- Generate annual report on internal control through management assurance statements.
- Help identify risks and minimum control requirements, provide risk-specific advice.
- Ensure process controls meet relevant regulatory and internal compliance requirements.
- Partner with Internal Audit to ensure identified internal control weaknesses are considered when setting audit work plan.
- Analyze identified control weaknesses, people or process failures are report to the risk management.
- Review implementation of frameworks, policies, remediation activities or regulatory change projects to assess adequacy and effectiveness.
- Lead Audits and Assessments across all Business Processes, supporting business objectives to improve control maturity level.
- Monitor and test controls, and report observations to relevant stakeholders.
- Ensure all controls are in compliance with Mexican regulations.
Important decisions of the role:
- Sign-off of internal control framework.
- Escalate observations to Senior Management, risk management, and regulators.
- Validation of controls required for each process.
- Ensuring controls and policies are in place to mitigate risks.
- Monitoring and managing risk incidents effectively.
- Collaborating with all business units to monitor and assess processes controls effectiveness.
- Providing recommendations on improving controls in place.