Head of SOFIPO Operations

albo

8d • Onsite

About The Position

albo is a fintech company offering financial products to individuals and small and medium-sized businesses. The Head of SOFIPO Operations will own the operation of albo’s SOFIPO as a regulated entity, ensuring that it operates within its regulatory framework and prudential limits, submits regulatory reports on time, maintains corporate governance, and manages its relationship with the CNBV. The role will lead the SOFIPO’s start of operations alongside a regulatory advisor, build the operations team, and ensure smooth daily operations.

The position also defines the SOFIPO’s permitted activities in deposit-taking and lending, provides regulatory sign-off on products and processes before launch, and coordinates with shared areas of the IFPE to determine which activities can be shared and which must remain separate. The Head will work with independent control functions as their operational counterpart, providing necessary information and access.

Requirements

• Bachelor’s degree in Finance, Economics, Accounting, Law, Engineering, or a related field.
• More than 10 years of experience at financial entities supervised by the CNBV that take deposits from the public, such as a SOFIPO, bank, or SOCAP, including leadership roles.
• Meet the Ley de Ahorro y Crédito Popular requirements for senior officers: at least five years in high-level decision-making roles with financial and administrative experience, good credit standing, good repute, and residence in Mexico.
• Hands-on experience operating under the Ley de Ahorro y Crédito Popular and CNBV general provisions, including capital, liquidity, operating levels, credit committees, and regulatory reporting.
• Track record as a direct counterpart to the CNBV and in preparing board and committee sessions.
• Working knowledge of Mexico’s AML/CFT framework.
• Experience building and leading teams from the ground up.
• Native Spanish and professional English.
• Based in Mexico City and available to work on-site.
• Customer-centric, with a focus on improving the customer experience.
• Hands-on leadership style and willingness to contribute directly and enable the team.
• Comfort with a fast pace, ongoing change, and continuous learning.
• Excellent communication skills, ability to build relationships quickly, and ability to work cross-functionally.
• Strong ownership, organization, and accountability for achieving goals.
• Results- and data-driven approach, including understanding business metrics and using insights to drive improvement.

Nice To Haves

• Experience in a start of operations, change of control, or authorization of a regulated financial entity.
• Knowledge of IFPE regulation under the Ley Fintech.

Responsibilities

• Lead the start-of-operations plan with the regulatory advisor, including the manuals, policies, committees, processes, and team required to operate the SOFIPO.
• Monitor capital, liquidity, regulatory limits, and the SOFIPO’s operating level daily, and alert the COO and board when an indicator approaches a limit.
• Ensure regulatory reports to the CNBV and other authorities are delivered accurately and on time, working with Accounting and Finance.
• Prepare and follow up on board and committee sessions and resolutions, including Credit, Audit, Risk, and Communication and Control committees.
• Act as the SOFIPO’s counterpart to the CNBV for information requests, inspections, observations, and remediation plans.
• Define what the SOFIPO can and cannot do in deposit-taking and lending, and provide regulatory sign-off on products and processes before launch.
• Agree with areas shared with the IFPE—including technology, product, finance, and AML/CFT—what is shared, what must be separate, and how this is documented.
• Work with independent control functions, including risk management, internal audit, the AML/CFT compliance officer, and internal control, providing information and access they need.
• Build and lead the operations team.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive