Sox Auditor - Operations

The purpose of this role is to support the MCA Coordinator by delivering and executing activities to assure MCA Accuracy and Effectiveness improves through the standardization and design/review of all ARCM lines within the area of responsibility. Additionally evaluating the effectiveness of the controls in order to improve quality of the MCA. Fully accountable for the quality of the job performed.
The role lead the execution and delivers specialized assistance in designing issues, corrective action plans, control monitoring, issue mapping, connect regulations with controls and assess adherence to regulations, producing monthly risk management information for IBCOs and supports, IBCO in the closing quarterly/annual MCA. It is an expert in ORM framework and operating all GRC related matters
Job Background
MCA Process, including Continuous Monitoring and support in the Quarterly/Annual Assessments.
High capabilities in producing clear risk management information based in GRC information as well as providing risk valuable insights for IBCO and Cluster IBRO Operational Risk Officer.
Issue Management, including early identification, mapping in MCA, prompt escalation, alignment to global/local policies and regulations.
Root cause analysis of operational losses and linkage to GRC.
Identify together with the Product Compliance Officer applicable regulations and assess adherence to them
Key responsibilities:
Accountable for the entity’s design effectiveness in terms of MCA (including derived issues) and adherence to regulations.
Support the MCA / Regulatory management process by executing the following:
Strengthen control environment, working closely with the IBCO, related businesses and functional areas
Support the IBCO in preparing the information and data needed to support MCA-ARA facilitated sessions
Support the IBCO in defining the most significant operational risks and monitoring methods (including metrics), assess adequacy of control design, document key controls handed off to internal service providers and vendors.
Complete MCA documentation – upload in CitiRisk as required
Ensure controls that are Internal Controls over Financial Reporting (ICFR) and SOX are tagged in CitiRisk (in case that apply)
Execute continuous control monitoring and testing
Support IBCO in defining tests, metrics (or CAATs) for monitoring MCA controls
Ensure information required for operational losses back-testing is accurate, complete and uploaded into GRC
Detect control failures and propose proper issues/CAPs ensuring the latter are oriented to address the root cause
Produce Risk Management Information and provide meaningful insights to IBCO and Cluster IBRO Operational Risk Officer
Providing IBCO a top-down view of the SRORs and actions oriented to mitigate them
Supporting IBCO in articulating the Operational Risk Profile of the Entity
Update Rating Rational Template for review with MCA Entity Owner
Manage and execute the Control Monitoring related to Management Control Assessment (MCA) and RCM processes as per Corporate Policy
Propose IBCO a proposal for issues/CAPs derived from control monitoring
Record Issues and CAPs in iCAPs to address control design and execution issues and determine issue severity with the IBCO
Engage IMO in following through on the CAP and its resolution; escalate when risk profile is compromised due to untimely resolution.
Ensure accountability of issues by the respective Businesses or functional areas; track the related corrective action plan portfolio
Ensure operational losses are thoroughly analysed, root cause(s) are properly identified, linked in GRC and MCA is timely updated accordingly, where needed.
Performing walkthroughs in order to identify MCA Completeness level as part of design assessment
Proactively liaising with 2nd and 3rd lines in order align views, expectations and address concerns, where available
Actively contribute to aligning and maintaining “best practices” and high standards and identify requirements , recommend opportunities to enhance program elements, program policies/procedures, or re-balance roles and duties across risk governance bodies
Engage and communicate with other centralization teams to detect systemic issues and proactively address them from a holistic approach
Directly engage in schedules and non-scheduled audits as well as regulatory exams for every piece related to MCA exclusively
Identify together with the Product Compliance Officer applicable regulations and assess adherence to them
Development Value:
Constant exposure and close interaction with Senior In-Business Control Officers, 1st / 2nd / 3rd Lines of defense representatives.
Opportunity to strengthen the control environment and risk profile
Becoming an Operational Risk Officer
6+ years of relevant experience in Audit/Operational Risk/Control/Compliance/Regulatory
Local regulatory knowledge as per Operational Risk and Internal Control
Experience addressing control and regulatory challenges and manage projects/initiatives
3+ years of relevant experience in leading teams
Excellent influencing, facilitation, and partnering skills with key stakeholders
Analytical and problem solving skills
Written and verbal communication (English and Spanish preferably)
Work under pressure with tight deadlines and ambitious goals
Results oriented
Proficiency in working with Power Point presentations and outstanding skills in Excel usage (data manipulation).
Ability to effectively provide verbal and written communications (English and Spanish)
Bachelor’s degree in Administration, Engineering, Finance, Accounting or related
English (advanced) and Spanish
Experience at Financial Industry
Educación mínima: Educación superior - LicenciaturaAños de experiencia: 6Idiomas: Inglés Disponibilidad de viajar: NoDisponibilidad de cambio de residencia: No

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