Enterprise Risk Specialist

As a risk management analyst, you will play a pivotal role in setting up the new transaction testing function within our Enterprise Data Risk Management team to ensure financial transactions are accurate and adhere to regulatory standards.

The ideal candidate will possess a strong analytical mindset, excellent problem-solving skills, and the ability to communicate complex ideas effectively. You will work closely with cross-functional teams to develop comprehensive test plans, test cases, and test scripts for transaction testing based on regulatory reports, products, and systems.

Key Responsibilities:

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2. Develop a risk-based approach to prioritize and schedule reviews for transaction testing of regulatory reports via tailored test methodologies aligned to regulatory reporting processes and underlying transaction data complexity.
3. Analyze large datasets to identify discrepancies, anomalies, and gaps in reported values by performing validations against source systems/points of origin. Implement transaction testing across regulatory reports to further validate accuracy and completeness of reported values against the points of origin.
4. Design and prepare 2LoD transaction testing review reports summarizing the approach, testing methodology, and outcomes inclusive of findings, if any. Document testing processes outcomes - including issues, results, and overall accuracy. Contribute to detailed transaction testing across various card products and systems to validate data feeding into regulatory reports.
5. Perform data management controls testing across regulatory reports to validate overall control design, operational effectiveness, and coverage.
6. Stay abreast of changes in banking regulations and reporting requirements (e.g., FFIEC, FRB, OCC, FDIC) to ensure transaction testing aligns with current mandates, regulations, industry standards, emerging trends, and overall best practices.

Requirements:

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• Bachelor's degree in Finance, Accounting, Business Administration, Risk Management, or other related discipline is required.
• 2-3 years of experience in regulatory reporting team, audit, compliance, or risk management within the banking or financial services industry. Demonstrated experience in transaction testing, data validation, and analysis is preferred.
• Knowledge, experience, or familiarity in regulatory reporting (FR2052a, FRY15, FRY9C, FRY14 etc.), audit, US GAAP, and financial accounting is preferred.
• Proficient in using data analysis tools (e.g., Excel, SQL), and knowledge of database systems.
• Strong analytical, problem-solving, and critical thinking skills are important. Adept verbal and written communication skills, including the ability to explain complex problems and ideas clearly and succinctly to senior management.

We offer a comprehensive benefits package designed to support your holistic well-being, including competitive base salaries, bonus incentives, support for financial-well-being and retirement, comprehensive medical, dental, vision, life insurance, and disability benefits, flexible working model, generous paid parental leave policies, free access to global on-site wellness centers, and confidential counseling support through our Healthy Minds program.

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.