About the Role
As part of the Solvency II implementation in the Mexican market, Internal Control became a key function in the Corporate Governance pillar.
This function is responsible for the implementation and evaluation of the internal control system, which will be defined in agreement with the Risk Management and Internal Audit functions.
This function provides support to the management team and all employees in process documentation, risks identification, control implementation, manual and policy definition and reviews, regulatory reporting and provides support in corporate governance topics and execution.
In addition, this position leads all work related to Operational Risk, to include : GRACE, and contribution to local Operational Risk Profile (Risk Matrix, and related documentation)
Other activities could include organization of local policies repository and management of regulatory requests and control of regulatory reporting.
PRINCIPAL RESPONSIBILITIES :
Define and create and maintain the Internal Control Manual and internal control framework, ensuring adherence to group and local regulation.
Define the Work Program to be conducted in order to implement, document, evaluate, communicate and monitor the internal control system.
Define the background and assumptions on the internal control system in order to ensure the financial data and reporting of the organization is reliable.
Manage the internal control system, working as a link and advisor between the process owners and the control owners throughout all the organization.
Work as a subject matter expert in terms of internal control, providing lessons learned and best practices from the market.
Work as a link and advisor between internal and external personnel in terms of internal control.
Define and maintain the minimum documentation standards of quality in order to properly review and evaluate internal controls, focusing on key documents such as process maps, procedures, risk identification, design testing, operational effectiveness tests, breaches evaluation and correction, among others.
Provide training sessions on internal control matters to all required personnel.
Provide the scope and documentation to facilitate planning, including qualitative and quantitative factors, ensuring the main processes are included in the review.
Align with Risk Management and Internal Audit in order to review the proper implementation of the accounting, financial and operational regulatory requirements.
Include in scope not only the local systems and reporting but also the group reporting processes.
Guide the analysis, evaluation and remediation of any identified breaches. Ensure they are properly reported according to group and local regulation.
Create and maintain all Internal Control related documentation in order to provide the CEO and the management team a clear picture of the status of the organization.
Design and create reports for the management team, the CEO, the Audit Committee and the Board as required regarding the internal control system status.
Create, update and save evidence of the internal control system in order to provide it to internal or external auditors, as required.
About You :
Education, experience and required skills
Bachelor's degree; accounting, economic or financial fields are preferred
5 years of experience in an audit or internal control functions, preferably within insurance sector
3 years of experience in insurance companies
Strong communication and negotiation skills to influence a wide range of audiences
Ability to navigate in a strong matrix structure with an ambiguous, complex, work environment
Ability to generate quick and innovative solutions to problems
Strong solvency II knowledge
Ability to make timely decisions on issues requiring immediate attention
Proactive establishment of strategies to achieve individual goals
Effective oral and written communication in Spanish and English
Experience documenting process flows, and identifying process risks and controls
Experience evaluating controls design and implementation effectiveness
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.