Overall purpose of role
The role holder will be responsible for helping manage the internal control and operational risk of Barclays Mexico.
which includes managing the implementing the Mexico Risk Control Self-Assessment (RCSA) process along with fulfilling the regulatory Internal Control responsibilities including the responsibilities related to security information, incidents database monitoring and maintenance, outsourcing annual report, implementation of methodology and management of operational regulatory capital models/requirements, SPEI and Indeval operational and security information risks requirements, Reception and Allocation of Equities Orders (RINO), and cash equities best execution algorithm.
Key Accountabilities
- Implementing Mexico Office Risk Control Self-Assessment (RCSA) process, identifying relevant processes, risks, and controls to comply to regulation issued by Mexican Banking and Securities National Commission (CNBV) and Central Bank in Mexico in regards to Markets businesses (Derivatives, Foreign Exchange, Fixed Income, Cash Equities), Risks Management, Operations, Security Information, Technology, Finance, Financial Crime, and Resilience.
- This role within Internal Controls Office must be responsible to oversee a control framework across the Investment Bank and Securities business lines in Barclays Mexico, focusing the majority of his/her time as a control manager in Barclays Mexico, including any new project or regulation applicable (e.g.
Broker Dealer Sole Circular), perform controls and/or testing to identify adherence to local regulation and Barclays policies.
- This position will partner with the businesses and infrastructure areas to understand and document key controls and perform risk assessments in accordance with local regulation and Barclays' internal policies, identify changes to those controls, identify control weaknesses, recommend solutions and assist test controls, and remediation plans.
- Coordinate and help Mexico Office employees identify and load operational risk incidents, including near misses into the Operational Risk Data Base (ORAC).
- Ensure that Mexico ORM policies and procedures are kept up to date and ensuring they are compliant with the Mexican regulation and Barclays global policies.
- Assist Barclays Operational Risk Management (ORM) team in challenging and identifying key processes and controls that need to be incorporated into the RCSA database.
- Assist with Internal and External Auditors and Regulators interactions regarding Internal Control and the ORM function.
- Prepare information for local Audit Committee and Board of Directors regarding internal control, and RINO oversight.
- Prepare information to local risk committee regarding operational risk management, and internal control environment.
Participating actively in the ABM/AMIB Internal Control, Operational Risk, and Cyber-Security committees.
- Help align the ORM function to the local regulatory Internal Control function.
Stakeholder Management and Leadership
- Support Mexico Regional Management in the delivery of a significant change, simplification, and standardization agenda.
- Provision high quality, value add, risk and control Management Information to support senior management decision making across the Mexico.
- Work with Americas Regional Management and the Banking business, Technology, Chief Controls Office, Risk, and the broader COO organization to establish and maintain a strong control environment
Decision-making and Problem Solving
- Participate in and influence the development of Risk and Control Operating Model design which meet the needs of a changing organizational construct.
- Lead/participate in targeted reviews to investigate core problems and enable on-going improvements in both existing and new processes to maintain well controlled processes.
Risk and Control
Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards.