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Functional Description:
Global Risk and Compliance (GRC) is responsible to enhance the efficiency and effectiveness of control and compliance at American Express; to successfully identify, monitor and manage risks. This group acts as the “Second Line of Defense” in AXP Risk Management Program. Within this function, the Global Risk Oversight team’s objective is to improve risk management, strengthen controls and enable profitable growth within the risk appetite of Amex; by providing effective challenge to the first line teams.
Roles & Responsibilities:
We are seeking Risk professionals who want to be a part of the evolution for the next generation of risk management and capabilities. The incumbent will apply their expertise in the field of data analytics to identify credit risk and derive actionable insights. The successful candidate will work with a diverse set of internal and external data as well as structured and unstructured data. The scope of the role includes conducting independent risk assessments, providing effective challenge to first line teams, and ensuring that significant risks are promptly identified. Candidates are expected to have a deep appreciation for risk management techniques and an affinity for data and analytics.
The team would help the incumbent grow in following ways:
· Understand key principles of risk management and apply innovative concepts to measure and manage risk across AXP consistent with regulatory requirements.
· Have opportunity to work with various risk and business teams across American Express.
· Exposure to multiple products, strategies as well as business processes across American Express.
· Timely detection and evaluation of significant operational risk trends at aggregate as well as various micro segment level.
· Conduct independent risk assessments analytically as well as through case reviews, across various processes and the overall portfolio to identify potential emerging risks and performance issues.
· Define and develop comprehensive key risk indicators to support comprehensive monitoring across risk types.
· Analyze and draw insights from both structured and unstructured data using advanced tools and techniques.
· Utilize a diverse set of technologies and tools (e.g. SQL, Python, Hadoop, Hive, Spark, Tableau) to derive risk-related insights across many processes (e.g. Acquisition, Customer Servicing, Fraud, Information Security) and risk types.
Business Outcomes:
· Understand key credit risk metrics to interpret trends in the context of business.
· Generate hypothesis on credit risk drivers to flag risk trends early.
· Work on unstructured problems & apply innovative concepts to proactively identify & manage risks.
Minimum Qualifications:
Post Graduate in Management / Economics / Statistics / Engineering or similar field of study or equivalent work experience is required.
0-3 years of Management Consulting /Risk Management experience with data-driven analytics.
Risk Management experience with data-driven analytics
Results-driven individual who likes challenging work.
Ability to work in a highly collaborative environment.