Ricardo Jimenez

Senior Risk Executive with 19+ years of experience in Tier 1 global financial institutions (J.P. Morgan, Citi, Citibanamex, and HSBC), leading Enterprise Operational Risk, Data Risk Governance, and Internal Audit functions across the U.S., Mexico, and Latin America. Proven track record in executive risk oversight, regulatory engagement, and control transformation within Markets, Wealth, and Technology environments.

Senior Vice President – ORM (Data Risk | United States) - Citibank - Tampa, US

(2022-12)

Senior Vice President – ORM (Data Risk | Mexico & Latin America) - Citibanamex - Mexico City, Mexico

(2020-04 - 2022-12)

Lead execution of the Enterprise Operational Risk Management (ORM) framework for Data Risk across U.S. Private Banking and Wealth, ensuring effective risk identification, monitoring, and adherence to defined risk appetite and tolerance levels. Led Operational Risk Management coverage for Data Risk across Mexico and Latin America, overseeing identification, assessment, and mitigation of operational risks across Data Governance, Data Architecture, and Data Quality Management frameworks.

• Drive ORM independent ORM challenge activities, including scenario analysis, risk assessments, risk appetite evaluations, issue validation, and product risk reviews, ensuring compliance with internal policies and regulatory standards.
• Act as Data Risk Subject Matter Expert (SME), advising senior stakeholders on control design, Key Risk Indicators (KRIs), Material Risk Indicators (MRIs), and emerging data risk themes to strengthen control environments.
• Partner closely with the Chief Data Office (CDO) and senior business leadership to oversee execution of enterprise Data Transformation initiatives, ensuring alignment with risk governance and control expectations.
• Represent ORM in enterprise data governance forums, providing independent oversight and challenge to first-line data management practices, including KRIM and related governance committees.
• Lead monthly executive-level risk discussions with senior management, presenting high-priority data risk themes, control gaps, and remediation progress across USPB and Wealth.
• Oversee assessment and validation of Article V Subclause/Romanette control execution, supporting enterprise-wide enhancements in data quality, risk aggregation, and regulatory reporting capabilities.
• Perform independent validation of non-ORM sourced data risk issues, including long-standing regulatory findings and data architecture weaknesses, ensuring timely escalation and remediation.
• Owned enterprise-wide Data Risk oversight across regional and global business lines, ensuring consistent application of risk governance standards, control expectations, and regulatory requirements.
• Led validation and closure of complex Data Risk issues, including divestiture-related risks, Matters Requiring Attention (MRAs), and Material Risk Issues/Actions (MRIAs), ensuring sustainable remediation and audit readiness.
• Represented Operational Risk Management in direct engagement with Internal Audit, providing executive-level responses on data risk assessments, audit methodology, and remediation of audit-identified issues.
• Served as senior Data Risk Subject Matter Expert (SME), advising business and risk leadership on control design, Key Risk Indicators (KRIs), Material Risk Indicators (MRIs), scenario analysis, and emerging data risk exposures.
• Provided independent challenge to first-line Data Governance programs, ensuring adherence to enterprise policies and standards and driving adoption of enhanced data governance capabilities across Mexico and Latin America.
• Partnered with regional and global stakeholders to strengthen enterprise data risk frameworks, ensuring alignment with regulatory expectations and enterprise risk appetite.

Vice President – Internal Audit & Market Risk Oversight - Citibanamex - Mexico City, Mexico

(2017-11 - 2020-04)

Led the Internal Audit program for Citibanamex Institución de Banca Múltiple and Citibanamex Casa de Bolsa, covering ICG Markets and Operations across Equities, Fixed Income, Derivatives, FX, electronic trading, algorithmic trading, Middle Office, and Back Office functions.

• Directed and developed high-performing teams of 4–12 risk and audit professionals, ensuring effective execution of audit plans, risk assessments, and control evaluations across complex trading and operations environments.
• Oversaw end-to-end execution of audit engagements, including risk scoping, control testing, issue validation, and remediation follow-up, ensuring alignment with internal policies and regulatory expectations.
• Represented Internal Audit and Risk functions at the Brokerage House Audit Committee, presenting critical risk themes, audit findings, and governance updates to senior executives and regulatory stakeholders.
• Engaged with regulatory expectations and reporting requirements from Mexican authorities, including Banco de México and CNBV, ensuring transparency, compliance, and effective escalation of material risk issues.
• Provided senior oversight of market and operational risk in trading activities, ensuring robust control environments across highly complex financial products and front-to-back operations.

Assistant Vice President – Internal Audit (Markets & Brokerage house) - J.P. Morgan México - Mexico City, Mexico

(2015-03 - 2017-11)

Executed the Internal Audit program for J.P. Morgan Institución de Banca Múltiple and Casa de Bolsa, covering risk-based and regulatory audit engagements across Mexican legal entities with focus on Markets and Trading activities.

• Conducted end-to-end audit assessments across Fixed Income, Derivatives, Equities, and broader Markets Desk products, ensuring compliance with internal policies, regulatory requirements, and global audit standards.
• Performed comprehensive risk assessments, evaluated control design effectiveness, and executed detailed audit testing to identify control weaknesses, operational gaps, and regulatory exposures.
• Identified, documented, and assessed control deficiencies, translating findings into actionable risk insights and remediation plans to strengthen the overall control environment.
• Led and coordinated audit teams of 3–6 professionals, overseeing execution of risk-based and regulatory audit work, ensuring quality, consistency, and adherence to audit methodology.
• Provided guidance and oversight to junior auditors, supporting development of audit execution capabilities and ensuring effective delivery of audit engagements in complex markets environments.

Assistant Vice President – Internal Audit Advisory & Quality Assurance - Citibanamex - Mexico City, Mexico

(2013-11 - 2015-02)

Provided advisory and quality assurance oversight to the Internal Audit function, ensuring adherence to global audit standards and consistent execution of risk-based and regulatory audit methodologies across Global Markets and Consumer businesses in Mexico.

• Partnered with Chief Auditors across Global Banking & Markets, Finance, and Corporate Functions to ensure proper interpretation, alignment, and application of Internal Audit methodology and standards.
• Delivered day-to-day methodological guidance and technical support to audit teams, strengthening audit quality, consistency, and execution effectiveness across multiple engagements.
• Promoted knowledge sharing and adoption of audit best practices across the Internal Audit organization, contributing to capability development and continuous improvement of audit execution standards.
• Contributed to strengthening the control environment by bridging audit methodology, regulatory expectations, and surveillance technology implementation.

Compliance Officer - Global Banking and Markets - HSBC Mexico - Mexico City, Mexico

(2010-11 - 2013-11)

Served as Compliance Advisor supporting Global Banking & Markets businesses across Latin America, providing regulatory interpretation and strategic guidance on complex cross-border financial activities.

• Advised senior business and control stakeholders on compliance with corporate policies and regulatory frameworks, including conflicts of interest, information barriers, market-sensitive information handling, disclosures, and brokerage governance requirements.
• Provided expert regulatory guidance on implementation of new and evolving regulations impacting Global Banking & Markets activities, ensuring timely adoption and alignment with both internal policies and external regulatory expectations.
• Partnered with business leadership to strengthen compliance frameworks across banking and brokerage operations, supporting effective control design and risk mitigation strategies.
• Acted as key compliance escalation point for regulatory interpretation issues affecting trading, advisory, and capital markets activities across Latin America.
• Support the implementation (Actimize) for Market Abuse and derivatives transactions monitoring and unusual activity.
• Executed compliance testing aligned with Mexican regulatory frameworks, including RINO and RINO II requirements, with focus on sales practices and conduct risk in regulated financial activities.
• Supported implementation and enhancement of market surveillance capabilities (Actimize), including monitoring of market abuse risks, derivatives transactions, and detection of unusual trading activity.

HBSC Insurance Manager - HSBC Insurance - Mexico City, Mexico

(2008-06 - 2010-11)

Managed end-to-end insurance claims operations and accounting processes, ensuring accuracy, control integrity, and timely execution of financial and operational reporting activities.

• Oversaw regulatory reporting obligations to the Mexican insurance regulator CNSF