Ensure regulatory compliance in the institution's financial operations and products, mitigating legal risks and ensuring the correct interpretation and application of current regulations in the Mexican banking sector.
Main tasks and Responsibilities:
Design, advise on, and support the implementation of innovative financial products, ensuring their adherence to applicable regulations.
Provide legal counsel to the General Management and the operational, commercial, risk, and compliance areas.
Analyze the legal implications of implementing new financial products, internal policies, or strategic projects.
Define contractual guidelines and ensure that legal instruments protect the bank's interests.
Manage corporate documentation, powers of attorney, minutes, and board meeting records.
Ensure compliance with internal corporate governance and transparency policies.
Analyze, interpret, and apply the Single Banking Circular and other provisions issued by the CNBV (National Banking and Securities Commission) and regulatory authorities (Banxico, CONDUSEF, and UIF).
Identify legal and regulatory risks in operations, contracts, and new projects.
Develop and review internal policies and controls to ensure regulatory compliance.
Identify and coordinate regulatory aspects and their impact with Internal Control, AML/CFT, internal and external audits, and regulatory processes.
Coordinate with business, risk, and compliance areas to implement preventive controls.
Stay updated on regulatory changes and evaluate their impact on the institution.
Requirements
Academic background: Bachelor's degree in Law (preferably with a specialization in Financial or Banking Law).
Minimum 6 years of experience in legal areas within the financial or banking sector.
Verifiable experience in regulatory compliance and legal risk management.
Knowledge of:
Single Banking Circular.
Compliance with CNBV, CONDUSEF, and Banxico regulations
Design and structure of financial products
Regulatory compliance procedures
Benefits
100% base salary (nominal)
Benefits exceeding legal requirements
On-site, Lomas de Chapultepec
Skills Required
- Bachelor's degree in Law
- Specialization in Financial or Banking Law
- Minimum 6 years experience in legal areas within the financial or banking sector
- Verifiable experience in regulatory compliance and legal risk management
- Knowledge of the Single Banking Circular
- Knowledge of CNBV, CONDUSEF, and Banxico regulations
- Experience designing and structuring financial products
- Knowledge of regulatory compliance procedures
What We Do
Banco PagaTodo is a digital-first bank based in Mexico that provides comprehensive financial services, including digital bank accounts, payment processing solutions, and specialized business banking tools. Operating across Mexico and several Latin American countries, the company emphasizes financial inclusion, serving over 5 million customers and 250,000 merchants through innovative digital tools designed to simplify financial management for individuals and SMEs.
