Manager-Control Management Process Risk Reduction
Manager-Control Management Process Risk Reduction
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Job Description
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
- Support for financial-well-being and retirement
- Comprehensive medical dental vision life insurance and disability benefits (depending on location)
- Flexible working model with hybrid onsite or virtual arrangements depending on role and business need
- Generous paid parental leave policies (depending on your location)
- 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
Offer of employment with American Express is conditioned upon the successful completion of a background verification check subject to applicable laws and regulations.
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 youll 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.
Global Merchant & Network Services (GMNS) brings together American Express merchant-and network related businesses to enable a sharp focus on using the power of our network to provide unique value to all our mutual customers. The organization manages the relationships with the millions of merchants around the world that accepts American Express and runs the companys payment network and manages bank partnerships globally.
The objective of the GMNS 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.
How will you make an impact in this role
GMNS is looking for a Mgr of Process Risk 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 Manager GMNS Process Risk Reduction will:
- Manage the implementation of a comprehensive process risk reduction strategy
- Facilitate alignment of risk reduction initiatives with the organizations overall risk management framework and business objectives.
- Provide insights on process risk issues and mitigation strategies
- Support identification and prioritization areas within BU processes that require risk reduction measures (e.g. assist in coordinating 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 enterprise
- Assist in conducting 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/ enhancement
- Support BU with design of controls and processes including modifications to enhance processes/controls to improve proactive risk mitigations
- Document control design effectiveness and help 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 resolution
- Monitor and track the implementation of process changes ensuring they are effective in reducing risk and align with the risk appetite
- Document learnings from improving controls to elevate the process risk reduction capabilities within the BU and across the enterprise
- Foster a culture of risk awareness and ongoing improvement within the team and the broader organization.
- Support sharing insights better practices themes etc. across the enterprise
Minimum Qualifications:
- 3 Years experience in operational risk management (e.g. within Risk and/or Internal Audit function) Understanding of critical operational risk management lifecycle activities
- Strong project management communication and interpersonal skills
- Experience in process governance with an understanding of processes that align with policies regulatory frameworks and/or operational standards
- Proficient analytical and problem-solving skills with an ability to analyze data identify trends and evaluate risk scenarios effectively
Preferred Qualifications:
- Bachelors Degree in Finance Business Risk Mgmt. or related field; advanced degrees (e.g. MBA MSc) or certifications are advantageous
- Experience 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 appetite
- Identifying and prioritizing areas that require risk reduction measures
- Experience in financial services industry
ORMCM
Required Experience:
Manager
Employment Type
Full-Time
