Manager - Risk Management

American Express•New York, NY

About The Position

At American Express, our culture is built on a 175-year history of innovation, shared values and Leadership Behaviors, and an unwavering commitment to back our customers, communities, and colleagues. From delivering differentiated products to providing world-class customer service, we operate with a strong risk mindset, ensuring we continue to uphold our brand promise of trust, security, and service. As part of Team Amex, you'll experience this powerful backing with comprehensive support for your holistic well-being and many opportunities to learn new skills, develop as a leader, and grow your career. Here, your voice and ideas matter, your work makes an impact, and together, you will help us define the future of American Express. This position is within the Global Risk and Compliance unit at American Express, the Enterprise’s 2nd line of defense. We are seeking a skilled and detail-oriented professional to join our team as a model risk governance manager. Responsibilities for this role include overseeing and enhancing the organization's model risk governance framework, ensuring compliance with regulatory requirements (e.g., SR 11-7), and effectively managing the enterprise-wide model risk management program. The individual will collaborate with various stakeholders, including model owners, validation teams, internal audit, and senior management, to maintain a robust model risk management program. The ideal candidate will possess a strong understanding of various technologies, exceptional analytical skills, and the ability to ensure compliance with relevant policies and guidelines. This position will provide the opportunity to interface directly with Senior Leaders within GRC as well as across the enterprise; the nature of the work is fast paced with high impact.

Requirements

Analytically superior and a good problem solver
Able to demonstrate strong knowledge of risk and financial management
Good communication and interpersonal skills; able to clearly articulate or interpret technical documents, regulatory guidelines, and complex project requirements in a concise manner to various stakeholders
Outstanding multi-tasking and project management skills
Superb teamwork aptitude, to work with colleagues and stakeholder across various AXP offices globally
Strong Microsoft Excel, PowerPoint skills
Extremely high attention to detail
Self-starter and enthusiastic attitude
Bachelor’s Degree in management or science (statistics, finance, decision science, economics, or closely related fields)
0-3 years if experience in related field

Nice To Haves

Graduate degree such as M.S. and Ph.D. (in statistics, finance, decision science, economics, or closely related fields); or MBA is preferred

Responsibilities

Implement and maintain the organization's model risk management framework, policy, standards, and procedures.
Stay informed about relevant industry regulations and standards.
Maintain a comprehensive model inventory.
Monitor adherence to model risk management policies and procedures, and implement corrective actions as needed.
Stay abreast of evolving regulatory requirements and industry trends related to model risk management.
Ensure compliance with relevant regulations, including SR 11-7 and other applicable guidelines.
Manage regulatory and audit responses related to model risk management.
Monitor and report on model risk exposures and trends.
Ensure timely and accurate reporting of model risk issues to senior management and committee.
Act as a liaison between model risk management, business units, internal audit, and regulatory bodies.
Collaborate with model owners and validation teams to ensure adherence to model risk governance requirements.
Provide guidance and support to stakeholders on model risk-related matters.

Benefits

Competitive base salaries
Bonus incentives
6%25 Company Match on retirement savings plan
Free financial coaching and financial well-being support
Comprehensive medical, dental, vision, life insurance, and disability benefits
Flexible working model with hybrid, onsite or virtual arrangements depending on role and business need
20+ weeks paid parental leave for all parents, regardless of gender, offered for pregnancy, adoption or surrogacy
Free access to global on-site wellness centers staffed with nurses and doctors (depending on location)
Free and confidential counseling support through our Healthy Minds program
Career development and training opportunities