MEX Chief Operating &Compliance Officer

1LOD Governance – Product Control Office Develop and establish procedures for the PCO area focusing on the development and execution of effective 1LOD risk mitigation strategies across the Products and Investment Area, including the development of a control testing strategy, a comprehensive Risk Identification Control and Assessment process (RCSA), establishment of Key Reporting Indicators and Metrics. Collaborate with Product Director on the preparation of material for Committee. Contribute to satisfactory results in audit reviews, compliance reviews, and regulatory examinations (internal/external), Compliance and Regulatory Agency reviews. 1LOD responsibilities for Risks Management Ensure appropriate disciplines and routines are in place for the execution of Santander’s Risk Framework and adherence to Operating Procedures within the area, to ensure control improvements to reduce levels of risk and loss. Communicates effectively with business Leadership to promote area’s Risk Framework and Operating Policies. Ensure identification, mitigation and monitoring of Risks types are managed and reported to the Product Director on a consistent basis. . Fiduciary Risk Management Contorls Perform Controls identified in the Risks Assesment and recognize/escalate gaps in the control infrastructure to executive management; develop and execute remediation plans. Guarantee all controls are functioning as designed and ensure policies and procedures are followed at all times. identify and develop action plan for weakenesses. Controls should encompass all Product plataforms, including Investment Strategy, SAS, Portfolio Advisory, AIS, DPM and Trading Desk. Project Management: Ensures delivery of committed project plans, including those under regulatory change programs (e.g. Heightened Standards). Design, plan and control area projects until completion Any othe project that may affect the Risk Management Program of the Product Department. Idetify and budget for new controls to be implemented Compliance Risk Management: Oversee compliance with regulatory requirements, expectations, and examinations with respect to the compliance risk function. 1) Develop and execute comprehensive Compliance Programs to ensure ongoing compliance with all regulatory requirements, including Fiduciary Principles and Standards. 2) Develop project plans for BSI covering compliance risk that captures the applicable regulations and identifies milestones and compliance dates 3) Report and monitor conformance and delivery against project plans, making adjustments and recommendations, where justified. 4) Define risk appetite and measure metrics and develop action plans to address negative trends. 5) Identify programs impacting risk compliance management, such as IT and data related programs, and collaborate with other risk officers to recommend resources needed from the risk organization. 6) Support implementation by serving as the Compliance Risk subject matter experts. This includes establishing a complete, informed view of compliance risk and providing direct support on methodology and analytics, implementation, etc. 7) Liaise with SHUSA and Santander Group Compliance (CCO). 8) Coordinate actions to address any issues raised in audit reports, compliance reviews and regulatory examinations relative to compliance with laws and regulations. Regulatory Compliance: Develop, update, finalize and implement existing and new standards regarding compliance and its related policies and procedures. 1) Oversee and coordinate compliance with applicable regulations 2) Oversee regulatory examinations and audit reviews of compliance risk, when required, aiming to support a transparent and efficient examination process 3) Communicate with regulatory authorities on compliance issues. 4) Update and implement an appropriately consistent compliance risk management framework and policies throughout BSI to meet new and existing regulatory standards. 5) When appropriate, develop project plans to meet those regulatory standards and report and monitor conformance and delivery against project plans, making adjustments and recommendations, where justified. 6) Oversee and support training and testing for compliance. Advisement Suitability and Fiduciary Principles and Standards: Develop the compliance program in line with Fiduciary Principles and Standards: 1) Oversee compliance with regulatory SHUSA and Group requirements for the sales of non-deposit investment products. 2) Assist in developing risk limits and product guidelines, implementing reporting programs and monitor security activity to ensure adherence to policies. Responsible of reporting and escalating security transaction reviews to Management. 3) Supervise monitoring of Financial Products, including but not limited to: (i) price evolution by asset class; (ii) products under special review (sell list), (iii) products from our recommendation catalog, in order to identify deviations and present to Committee members. 4) Identify possible course of actions to solve deviations. Staff Management: Build and maintain high-performance teams within the risk organization with the capabilities for risk identification, assessment, measurement, mitigation, aggregation and reporting processes. 1) Continue to build capabilities (technical and soft skills) in the risk management units to support the risk management framework. 2) Influence and provide input to the various departments of the Bank to ensure compliance with laws, rules and regulations, as well as industry best practices. 3) Ensure that leadership and management behaviors support the many change initiatives. 4) Support and coach direct reports in exercising opportunities for credible challenge to establish an anticipatory risk environment. 5) Ensure timely and candid performance feedback at year-end and for interim reviews, including execution of development plans. 6) Sponsor developmental opportunities including on-the-job training and continuing education for professional staff to continually strengthen their skills. 7) Sponsor training for stakeholders (1st line and 2nd line of defense, senior management and Board of Directors). Committee Governance and Communication: Direct relevant Compliance Committee to ensure sufficient Compliance Risk Management oversight, reporting and escalation. 1) Mandate formal and consistent reporting on relevant metrics necessary to evidence compliance with risk tolerances and higher level limits. 2) Develop and document escalation frameworks to improve transparency and accountability for identified compliance risks. 3) Liaise with and coach business units including senior management to reinforce compliance risk management guidance. 4) Chair the Compliance Committee and participate in the Executive Management, Enterprise Risk Management, Operational Risk, and Fiduciary Risk Committees. Other duties as assigned or requested by Supervisor