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 but not required