American Express

Analyst-Risk Management

Posted On

June 24, 2024

Location

Gurgaon, Haryana

Experience Level

Freshers/Experienced

Job Type

Permanent

Apply By

July 14, 2024

Job Description

You Lead the Way. We’ve Got Your Back.

With the right backing, people and businesses have the power to progress in incredible ways. When you join Team Amex, you become part of a global and diverse community of colleagues with an unwavering commitment to back our customers, communities and each other. Here, you’ll learn and grow as we help you create a career journey that’s unique and meaningful to you with benefits, programs, and flexibility that support you personally and professionally.

At American Express, you’ll be recognized for your contributions, leadership, and impact—every colleague has the opportunity to share in the company’s success. Together, we’ll win as a team, striving to uphold our company values and powerful backing promise to provide the world’s best customer experience every day. And we’ll do it with the utmost integrity, and in an environment where everyone is seen, heard and feels like they belong.

Join Team Amex and let's lead the way together.

At American Express, we know that with the right backing, people and businesses have the power to progress in incredible ways. Whether we’re supporting our customers’ financial confidence to move ahead, taking commerce to new heights, or encouraging people to explore the world, our colleagues are constantly redefining what’s possible — and we’re proud to back each other every step of the way. When you join #TeamAmex, you become part of a diverse community of over 60,000 colleagues, all with a common goal to deliver an exceptional customer experience every day. We back our colleagues with the support they need to thrive, professionally and personally. That’s why we have Amex Flex, our enterprise working model that provides greater flexibility to colleagues while ensuring we preserve the important aspects of our unique in-person culture. Depending on role and business needs, colleagues will either work onsite, in a hybrid model (combination of in-office and virtual days) or fully virtually.

Overview of The Department

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 & non-model (quantitative) tool governance and strategic initiatives analyst. Responsibilities for this role include managing and overseeing the model & non-model tool inventory, risk capabilities, quality assurance & control, reporting and governance, and strategic initiatives within our organization. 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.

Key Responsibilities

Collaborate with relevant teams to track models and non-model tool usage and conduct reviews to assess the completeness of inventory.
Conduct quality assurance (QA) for model risk related reports to ensure that they adhere to the appropriate quality standards
Identify QA issues and perform root cause analysis to understand drivers; Maintain and manage the QA process as well as perform periodic reporting
Evaluate the comprehensiveness and suitability of validation activities for models and non-model tools
Maintain and update Policies, Standards and Procedures as the program and needs evolve
Provide training to relevant teams on model & non-model tool standards and guidelines.
Support the team in managing interactions and examinations with the U.S. financial industry regulators and internal audit teams; ensure timely closure of outstanding findings.
Support the team in the preparation of aggregate model risk assessment reporting to senior management and regulatory agencies.
Prepare and disseminate weekly, bi-weekly, monthly model related MIS (e.g., validation MIS, findings MIS, etc.).
Generate regular enterprise-wide reports on model & non-model tool inventory, usage trends, and compliance metrics.
Support various strategic initiatives – i.e., participate in short-to-medium term, high-impact projects pertaining to risk management and strategy. Each engagement is unique, may include exercises such as performing industry research, designing a new risk management framework.
Partner with technology teams to implement new capabilities to manage model & non-model tool workflows and reporting.
Act as a point of contact for user support, addressing queries and resolving issues promptly.
Stay informed about relevant industry regulations and standards.

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

· Excellent 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 beneficial

We back our colleagues and their loved ones with benefits and programs that support their holistic well-being. That means we prioritize their physical, financial, and mental health through each stage of life. Benefits include:

Competitive base salaries
Bonus incentives
Support for financial-well-being and retirement
Comprehensive medical, dental, vision, life insurance, and disability benefits (depending on location)
Flexible working model with hybrid, onsite or virtual arrangements depending on role and business need
Generous paid parental leave policies (depending on your location)
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

American Express is an equal opportunity employer and makes employment decisions without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran status, disability status, age, or any other status protected by law.

Offer of employment with American Express is conditioned upon the successful completion of a background verification check, subject to applicable laws and regulations.

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