Manager, Compliance Officer Sofom

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Element employees make a difference in the lives of others every day. We are re-defining the fleet management industry to be people first, then business - delivering on our promise of a superior client experience. This takes hard work and innovation, and we need more like-minded people on our team.

In accordance with Mexican financial regulations, every SOFOM is required to have a Compliance Officer, authorized by the National Banking and Securities Commission (CNBV) through a certification on AML. The lack of Compliance Officer might lead the financial regulator to asses fines and ultimately revoke Sofom’s authorization. The position becomes critical taking into account that Sofom is in the process to become fully regulated. By Law, the position must be within the three management levels below the General Manager (CEO). The Compliance Officer will be in charge, among other, of the following functions: (i) Keep up to date AML/CFT policies and procedures aligned with the services and daily operations for the Mexican companies including the ultimate AML approval on deals review, (ii) Design and Implement a Risk Based Approach Methodology, control our clients AML/CFT risk scoring, ensuring that they are consistent with each other, (iii) Ensure continuous monitoring of Client´s transactions and proper functioning of automated systems, (iv) As necessary, prepare and submit monthly and quarterly filings to at least 5 authorities, and attend any regulatory/financial inspection, (v) Conduct yearly training on AML/CFT for employees, (vi) Provide expert guidance and support to employees on compliance-related questions and issues for SOFOM, (vii) Coordinate with Legal and PPC the compliance activity within the Mexican companies including trainings, administration of code of conducts and policies, prevention and detection of risks, and concern investigation, and (vii) coordinate the development of innovative solutions related to the Compliance and Legal function.

Responsibilities
- Ensure Regulatory Compliance: monitor and enforce compliance with all applicable regulations and legal requirements.
- Maintain updated Compliance Manuals and Codes required by the CNBV, and report filing to the regulator.
- Submit reports to the CNBV via SITI system: send relevant, unusual, 24-hour, and concerning internal operation reports to CNBV through SITI.
- Coordinate mandatory compliance training programs and updates to SOFOM on compliance matters, ensuring that all employees are informed and up-to-date on regulatory requirements.
- Support the AML annual audit by a certified external consultant.
- Identify, measure and evaluate the risk and compliance levels of our business operations to create compliance maps, risk reports and business improvement plans.
- Coordinate, review and adjust the Risk Bases Approach Methodology.
- Report High-Risk Clients: Notify to General Management and internal controls of clients or potential clients identified as high risk in compliance with the law and internal policies according with the procedures established on the Compliance Manual.
- Record Keeping of all necessary records on transactions, to be enable to comply swiftly with information requests from the competent authorities.
- Continuous monitoring of client´s profile and transactions according with the risk scoring.
- Operate automated systems being implemented to manage Sofom’s portfolio.
- Follow up investigations of high-risk clients.
- Respond to Regulatory Authorities, address and manage requests from relevant authorities, and attend regulatory and AML inspections.
- Manage SITI AML Portal: Oversee the use of the SITI AML portal for reporting and compliance.
- Provide comprehensive legal support to ensure compliance, mitigate risk, and drive business objectives.
- Implement and develop innovative solutions for commercial transactions and compliance programs and other issues across the organization.
- Implement processes for efficient and streamlined operations surrounding contract negotiation and execution, Contract Lifecycle Management (CLM)
- Participate in lean of processes, as well as in any other simplification and/or growth projects. Work with cross-functional teams on specialized business improvement projects.

Education and Experience
- Licensed attorney holding a Law degree from a renowned University in Mexico.
- AML/CFT certification issued by CNBV.
- 5 years of proven experience in AML/CFT proven organization and communication skills able to prioritize and multitask.
- Fluent in Spanish and English.
- Working for a financial or regulated institutions is a plus.
- Capable of embracing a data-driven approach, analyzing complex information, and recognizing patterns to make well-informed decisions.
- Show creative and analytical thinking to face problems.
- Ability to identify risks and mitigate them with a structured and straightforward method.

Knowledge and Competencies

Excel