DIRECTOR - PROCESS RISK REDUCTION - New York New York

Company: American Express
Location: New York, New York
Posted On: 09/14/2024

DescriptionYou 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.How will you make an impact in this role?Global Commercial Services (GCS) is the global leader in payment solutions for Small, Medium (SME) and Global and Large (G&L) enterprises. The objective of the GCS Control Management Process Risk Reduction team is to directly engage in the continual improvement of business processes to mitigate operational risks and steps in when noteworthy issues or events occur, and subsequently deploy resources to remediate at scale.GCS is looking for a Director of Process Risk Reduction to lead a diverse team of high-performing professionals focused on ensuring control management is embedded in the day-to-day operations of our organization. It will involve extensive collaboration with multiple partners across numerous business units, functional areas, and geographies. -The Director, GCS Process Risk Reduction will:Develop and lead the implementation of a comprehensive process risk reduction strategyAlign risk reduction initiatives with the organization's overall risk management framework and business objectives.Provide strategic direction to senior management on process risk issues and mitigation strategiesProactively identify and prioritize areas within BU processes that require risk reduction measures (e.g., coordinate across First Line of Defense (1LoD) risk identification team)Execute on process risk reduction, leveraging enterprise support as needed to ensure timely resolution of vertical and horizontal (i.e., within BU or across processes that extend beyond the BU) issues that are of highest priority and/or most significant impact to the enterpriseConduct independent root cause analyses focused on identifying underlying process vulnerabilities to prevent potential Operational Risks (ORs), with a focus on the most common or high-risk issues and/or losses, based on comprehensive methodology (e.g., comprehensive risk-based prioritization) to prevent recurrence, and inform control design/ enhancementSupport BU with design of controls and processes, including modifications to enhance processes/controls to improve proactive risk mitigationsDocument control design effectiveness and address thematic control gaps across processes/products -Provide independent support for resolution of high-risk issues, and conduct independent testing of issues to ensure complete & effective resolutionMonitor and track the implementation of process changes, ensuring they are effective in reducing risk and align with the risk appetiteDocument learnings from improving controls to elevate the process risk reduction capabilities within the BU and across the enterpriseFoster a culture of risk awareness and ongoing improvement within the team and the broader organization.Be a key leader for sharing insights, better practices, themes, etc. across the enterpriseRequired Qualifications: 6+ Years experience in operational risk management (e.g., within Risk and/or Internal Audit function) -Understanding of critical operational risk management lifecycle activitiesExcellent project management, communication, and interpersonal skills, with an ability to interact and obtain buy-in from senior BU/tech counterpartsExpertise in process governance, with a track record of establishing and overseeing robust decision-making processes that align with policies, regulatory frameworks, and/or operational standardsExperience within financial services industryStrong analytical and problem-solving skills, with an ability to analyze data, identify trends, and evaluate risk scenarios effectively -Demonstrated history and ability to manage large teams, spread over geographies and with varying backgroundsPreferred Qualifications: Bachelor's Degree in Finance, Business, Risk Mgmt., or related field; advanced degrees (e.g., MBA, MSc) or certifications are advantageousExperience in at least one of the following: -Identifying and prioritizing areas that require risk reduction measures -Executing on process risk reduction to ensure timely resolution of issues that are of highest priority and/or most significant impact -Conducting root cause analyses focused on identifying process vulnerabilities to prevent potential operational risks (ORs), with a focus on the most common or high-risk issues and/or Operational Risk Events (OREs), based on comprehensive methodology (e.g., comprehensive risk-based prioritization) to prevent recurrence, and inform control design/ enhancement -Providing support for resolution of high-risk issues, and conducting independent testing of issues to ensure complete & effective resolution -Monitoring and tracking the implementation of process changes, ensuring they are effective in reducing risk and align with the risk appetiteORMCMQualificationsSalary Range: $130,000.00 to $205,000.00 annually + bonus + equity (if applicable) + benefitsThe 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.Employment eligibility to work with American Express in the U.S. is required as the company will not pursue visa sponsorship for these positions.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 -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 opportunitiesFor 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.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.US Job Seekers/Employees - Click here to view the "Know Your Rights" poster and the -Pay Transparency Policy Statement.If the links do not work, please copy and paste the following URLs in a new browser window: - -to access the three posters.Job Field: ComplianceSchedule: Full-time More...

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