Hugo Mugica

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Hugo Mugica
Occupation Senior Vice President and Chief Audit Executive
Employer OCC
Twitter @OptionsClearing
LinkedIn Profile

Hugo Mugica is senior vice president and chief audit executive at OCC, the world's largest equity derivatives clearing organization.

In this role, 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.[1]

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.

Previously, Mugica was first vice president of Internal Audit.


Before joining OCC in 2015, Mugica was the manager of Internal Audit at William Blair & Company, where he established the internal audit function. Previously, he was the senior manager of Internal Audit at Peak6 Investments, where he established and introduced the Internal Audit function. Mugica also has served as a manager in Internal Audit at CME Group, Inc. and as manager of Corporate Internal Audit for Molex Inc. He began his career as a fixed-income trader.


Mugica received a BS in Industrial Engineering from Universidad Panamericana and a MS 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.