Risk Management Specialist

At American Express, we foster a culture of innovation, shared values and leadership behaviors, driven by an unwavering commitment to supporting our customers, communities and colleagues. As part of our team, you'll experience comprehensive support for your holistic well-being and numerous opportunities to develop new skills, grow as a leader and advance your career.

Your voice and ideas matter here; your work makes a meaningful impact, and together, we're shaping the future of American Express.

We continually evolve our approach to serving our customers, embracing challenges as opportunities to innovate. Whether you're developing strategies to prevent identity fraud or enabling customers to start new businesses, you can work with one of the world's most valuable data sets to identify insights and drive actions that positively impact our customers and business. With opportunities to learn from industry leaders who have defined the course of our industry, you can grow your career and chart your own path. Find your place in risk and analytics on our team.

Job Description:

Our Enterprise Data Risk Management (EDRM) team is responsible for mitigating financial loss, reputational damage, regulatory or legal action resulting from inadequate data governance and/or data management practices adversely impacting the accuracy, timeliness, comprehensiveness or usability of data throughout its lifecycle.

We're hiring a Risk Analyst who will play a key role in setting up our new transaction testing function within the EDRM team to ensure financial transactions are accurate, complete and adhere to regulatory standards.

Key Responsibilities:

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• Develop a risk-based approach to determine the prioritization and cadence of reviews for transaction testing of regulatory reports via comprehensive test plans, test cases and test scripts for transaction testing based on regulatory reports, products and systems considering applicable regulatory requirements and internal policies.">
• 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 points of origin.">
• 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.">
• Prepare and report updates on transaction testing and identified data risks to senior management.">
• Perform data management controls testing across regulatory reports to validate overall control design, operational effectiveness and coverage.">
• Stay abreast of changes in banking regulations and reporting requirements to ensure transaction testing aligns with current mandates, regulations, industry standards, emerging trends and best practices.">

Minimum Qualifications:

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

Benefits:

We offer competitive base salaries, bonus incentives, support for financial-well-being and retirement, comprehensive medical, dental, vision, life insurance and disability benefits depending on location. Enjoy flexible working models with hybrid, onsite or virtual arrangements depending on role and business need. Receive generous paid parental leave policies depending on location. Access free global on-site wellness centers staffed with nurses and doctors depending on location. Utilize free and confidential counseling support through our Healthy Minds program. Engage in career development and training opportunities.

We Are an Equal Opportunity Employer:

We make employment decisions without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran status, disability status, age or any other protected status.

Note:

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