Job Description
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.
- Governance Framework:
o Implement and maintain the organization's model risk management framework, policy, standards, and procedures.
o Stay informed about relevant industry regulations and standards.
o Maintain a comprehensive model inventory.
o Monitor adherence to model risk management policies and procedures, and implement corrective actions as needed.
- Regulatory Compliance:
o Stay abreast of evolving regulatory requirements and industry trends related to model risk management.
o Ensure compliance with relevant regulations, including SR 11-7 and other applicable guidelines.
o Manage regulatory and audit responses related to model risk management.
- Risk Reporting:
o Monitor and report on model risk exposures and trends.
o Ensure timely and accurate reporting of model risk issues to senior management and committee.
- Stakeholder Collaboration:
o Act as a liaison between model risk management, business units, internal audit, and regulatory bodies.
o Collaborate with model owners and validation teams to ensure adherence to model risk governance requirements.
o Provide guidance and support to stakeholders on model risk-related matters.
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.
Skills:
- 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
Educational Requirement:
- Bachelor’s Degree in management or science (statistics, finance, decision science, economics, or closely related fields)
- Graduate degree such as M.S. and Ph.D. (in statistics, finance, decision science, economics, or closely related fields); or MBA is preferred
- 0-3 years if experience in related field
*Employment eligibility to work with American Express in the U.S. is required as the company will not pursue visa sponsorship for these positions.
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 our 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.