Mexico Business Controls Associate

hace 2 días


Ciudad de México Bank of America A tiempo completo

The individual will be responsible for executing internal control framework for Front Office. This includes continuous oversight of the internal controls and regulatory requirements to ensure Front Line Units are in compliance with local laws, rules and regulations and also is implementing industry best practices.
- Ensure sound corporate governance, supervision, control and risk management practices/routines are in place
- The individual will be responsible for defining, specifying, reviewing and analyzing surveillance on all Global Markets business in line with Regulatory demands
- Develop and implement reporting routines, including exception based reporting.
- Understanding and review of business processes, systems, risk assessments, and control gap analysis.
- Represent Mexico Business Controls in governance meetings and regulatory reviews, as well as internal meetings. Responsible to prepare quarterly reports to the Board of Directors and Audit Committee.
- To support on the implementation of regulatory changes impacting Line of Businesses.
- Utilizes thorough knowledge and understanding of product and trade life cycle flow to monitor and develop surveillance models.
- Acts as an ambassador of the risk culture.

**Key responsibilities.**
- Create, design, enhance and supervise line of businesses controls and processes.
- Ensure Line of Businesses applicable laws, rules and policies are fully documented, observed and complied.
- Contribute in the development and enhancement of supervisory practices and routines.
- Assist in the development of Line of Businesses monitoring and supervision.
- Design and coordinate across Line of Businesses risk and controls self-assessments, identifying risks and control gaps. To provide solutions for decision making, remediation plans and risk mitigation.
- Implementation of controls monitoring.
- Document process and controls and identify key risks for the line of business.
- Assist and coordinate efforts to promote and increase market conduct and risk awareness.
- Partner closely with control and support functions in order to implement business initiatives, projects and regulatory changes.
- Gather and organize data to track, report and monitor supervision effectiveness.
- Prepare and participate in audit and regulatory examinations.

**Required Skills**:

- Self-driven
- Ability to analyze, determine, drive and build solutions independently and proactively.
- Strong organizational skills and ability to prioritize and manage competing priorities with attention to detail
- Ability to improve reporting and analytics efficiency
- Strong understanding of regulatory guidelines
- Make connections throughout Line of Business and across support and control areas (COO, Finance, Risk, Compliance, Operations, Legal, etc.)
- Project Management Skills
- Audit/Compliance/Operational Risk background preferred
- Multiple projects management orientation
- Knowledge in Global Markets.

**Job Band**:
H6

**Shift**:
**Hours Per Week**:
40

**Weekly Schedule**:
**Referral Bonus Amount**:
0


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