Citi Group Banamex Retail Risk Policy Management Head 

Mexico, Mexico City 

820223409

Citi’s Mexico Retail business will be part of an IPO that will establish an independent local bank within Mexico. Citi’s Banamex Retail Business is comprised of ~$18B in lending receivables across credit cards, personal loans and mortgages. The bank will include three lines of defense. A second line of defense senior leader responsible for Banamex Retail Risk policy is needed. This position will reside within Mexico and will have responsibility for providing oversight of the Retail Risk policies required to manage the Banamex Retail business – ensuring initial compliance with both U.S. and Mexico regulatory requirements as well as best practices. The position will initially report directly to the to the Banamex Retail Risk Head.

Responsibilities:

• Direct and coordinate initiatives related to Banamex Risk policy changes and compliance together with other members of Banamex Risk Management functions.
• Assess, challenge and provide approval as required for proposed Retail Risk policy changes.
• Lead the efforts to transition the current Citi Retail Credit Risk Policy and its sub-documents to one that is ultimately conforming to and appropriate for an independent local bank – Banamex.
• Identify the need for and develop other Risk policies required for Banamex as an independent bank, leveraging existing Citi Risk policies
• Lead strategic Policy discussions with Senior Risk Management across all lines of defense.
• Drive development and issuance of policies to ensure compliance with both Banamex and regulatory risk management requirements.
• Design and implement the local regulatory change monitoring process to ensure Banamex retail policies are aligned and updated in compliance with local regulatory changes.
• Develop the policy non-conformance oversight and reporting process for all Banamex retail policy breaches, dispensations and waivers.

Qualifications:

• Ideal candidates will have 12+ years of consumer lending Risk Management experience, preferably at a senior level at a major lending institution.
• Extensive knowledge of Retail lending products (cards, loans, mortgages) and their management across the full credit life cycle: acquisitions, portfolio management, loss forecasting and reserves, collections and fraud.
• Extensive knowledge and application of retail risk and compliance/control policies.
• Qualified candidates must hold an undergraduate degree in business, economics, finance, mathematics, statistics, operations research, engineering, or a similar quantitative field; Master’s degree a strong plus.
• Excellent project management, communication and presentation skills.
• Demonstrated strong influence management and effective challenge skills
• Bilingual – fluent in both English & Spanish mandatory

Time Type:

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