Overview
the risk control oversight office (rcoo) was to establish and operate an enhanced enterprise control transformation programme (eectp), with the goal of evidencing an effective and sustainable control environment for all key risks, considering the inherent risk of the business. Key to this success is effective issue management and risk control management.
the risk management framework (rmf) details the standards by which business and functions should operate to effectively manage risk and controls. The enhanced enterprise control transformation programme (eectp) required standard strengthening to complement the rmf supporting close monitoring of activities with validation of evidentiary documentation to ensure the required standards are maintained.
the rcoo testing analyst will be required to scope and execute controls testing to support the business in designing and embedding a robust control framework.
main activities
* support the risk and control oversight office manager in the implementation of controls testing program.
* implementation for operating effectiveness of controls.
* escalate any concerns about control effectiveness to line manager and senior management promptly, with minimal impact on business and functions.
* remediation activities in relation to gaps and control weaknesses affecting the business and functions.
* work independently and cope with pressure and tight deadlines.
* rcoo are required to provide control testing across various non-financial and financial risks within mexico. These include, to differing extents, operational and resilience risk (orr), model risk, wholesale credit risk (wcr), retail credit risk (rcr), insurance risk, financial crime risk and regulatory compliance risk.
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