Hugo A. Mugica

Chief Audit Executive

Hugo Mugica is Chief Audit Executive at OCC, the world's largest equity derivatives clearing organization.

In this role, Mr. Mugica leads the Internal Audit function for OCC, and is responsible for providing independent and objective assurance over the effectiveness of OCC's risk management capabilities and internal control environment. He previously served as Interim Chief Audit Executive where under his leadership, the internal audit department successfully designed and executed the Annual Audit Planning process; redesigned the Validation Program to align with the Institute of Internal Auditors ("IIA") standards; and established the Internal Audit Quality Assurance Improvement Program ("QAIP") to improve the quality and value of work produced by the Internal Audit function. Prior to that role, Mr. Mugica was First Vice President of Internal Audit.

Mr. Mugica is an audit, finance and process re-engineering executive with over 20 years of experience and a strong focus on process efficiencies and risk management assurance. Before joining OCC in 2015, he was the Manager of Internal Audit at William Blair & Company where he established the internal audit function. Previously, Mr. Mugica was the Senior Manager of Internal Audit at Peak6 Investments, where he established and introduced the Internal Audit function. Mr. Mugica also has served as a Manager in Internal Audit at CME Group, and as Manager of Corporate Internal Audit for Molex Inc. He began his career in 1996 as a trader of fixed-income securities.

Mr. Mugica received a Bachelor of Science in Industrial Engineering from Universidad Panamericana and a Master of Science in Finance from DePaul University. He is Series 7 certified through FINRA and received certification as a Certified Internal Auditor from The Institute of Internal Auditors.

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