Description
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. As part of Team Amex, you'll experience this 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.
Model Risk Management Group (MRMG) is responsible for the model risk management of all American Express models. The role will report to Head of MRMG and lead global team based out of US and India to manage enterprise-wide model risk.
The successful candidate will be responsible to manage and control model risk in order to elevate model excellence, strengthen long term shareholder value, and adapt to the changing landscape of both model development innovation, external environment and heightened regulatory expectations.
How will you make an impact in this role?
Responsible for contacting clients with overdue accounts to secure the settlement of the account. Also they do preventive work to avoid future overdues with accounts that have a high exposure.
Oversee and own independent validation of enterprise-wide models including Finance, regulatory models like CCAR, CCEL, PPNR, AML, Banking, Climate models
Lead visionary research to explore opportunities to elevate model excellence and drive business impact
Oversee and support regulatory and audit examinations
Effectively communicate key outcomes of model risk management activities to senior management, business partners and regulators
Take timely actions to ensure a consistent high-level performance in line with the company's winning framework and priorities
Motivate staff and leaders across teams to deliver at optimal levels.
Minimum Qualifications
Core competencies at leading roles related to model risk management or statistical modeling to deal with complex business problems
Proven people leadership experience with the ability to lead, motivate and mentor highly competent and multi-layered teams, dispersed geographically
Demonstrated ability and project leadership to lead large scale MRM initiatives
Exceptional ability to build, leverage, and maintain relationships with senior leaders, business partners, and regulators
Proven record of designing strategies and communicating effectively to bring senior management and diverse stakeholders on board. Experience with managing regulators, working with external/ internal auditors preferred.
Understand the evolving compliance and regulatory requirements with key focus on gaps to stabilize and eliminate vulnerabilities in MRM
Deep understanding in Machine Learning models (e.g., Gradient Boosting Machine, XGBoost, and Neural Network) as well as classic statistical modeling techniques and assumptions
Degree with quantitative background or equivalent experience
Preferred Qualifications
10 years of work experience
Must have worked in a GSIB in the field of model risk
Good in-depth understanding of machine learning techniques like GBM, Random Forest etc.
Should have modeling experience on marketing models.
Need to have the aptitude to read research papers and turn them into actionable items for MRM (bring external perspective)
Aptitude to think independently to come up with innovative solutions
Qualifications
Salary Range: $185,000.00 to $275,000.00 annually bonus equity (if applicable) benefits
The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we'll consider your location, experience, and other job-related factors.
We back you with benefits that support your holistic well-being so you can be and deliver your best. This means caring for you and your loved ones' physical, financial, and mental health, as well as providing the flexibility you need to thrive personally and professionally:
Competitive base salaries
Bonus incentives
6% Company Match on retirement savings plan
Free financial coaching and financial well-being support
Comprehensive medical, dental, vision, life insurance, and disability benefits
Flexible working model with hybrid, onsite or virtual arrangements depending on role and business need
20 weeks paid parental leave for all parents, regardless of gender, offered for pregnancy, adoption or surrogacy
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
For a full list of Team Amex benefits, visit our Colleague Benefits Site .
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. American Express will consider for employment all qualified applicants, including those with arrest or conviction records, in accordance with the requirements of applicable state and local laws, including, but not limited to, the California Fair Chance Act, the Los Angeles County Fair Chance Ordinance for Employers, and the City of Los Angeles' Fair Chance Initiative for Hiring Ordinance. For positions covered by federal and/or state banking regulations, American Express will comply with such regulations as it relates to the consideration of applicants with criminal convictions.
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.
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Job: Executive
Primary Location: US-New York-New York
Schedule Full-time
Req ID: 25011041
