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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.
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Function Description
The Quality Assurance and Regulatory Governance team is responsible for ensuring governance and oversight of regulatory reporting process. The team performs Quality Assurance reviews including process & controls testing, testing the conformity of reported data with reporting instructions and gathering, sampling, understanding, and testing the data to ensure data quality for various regulatory reporting purposes. The team partners closely with the Regulatory Report owners, Technology, Data Governance, and other stakeholders to perform the review and ensure robust governance.
Responsibilities-
The team is looking resource to support QA reviews and ensuring governance of regulatory reporting processes.
The job would entail the following activities:
•Perform process & control review to identify control gaps and improvement opportunities,
and transaction testing, share findings, and monitor closure.
•Support regulatory reporting to ensure compliance with the reporting guidelines issued by regulators.
•Understand the master and reference data to be used across operational and reporting processes.
•Ensuring effective governance by performing the QA periodic process certification and control testing activities
•Ensure compliance with internal policies and procedures.
•Collaborate with regulatory reporting, technology, data governance, service management, teams to ensure the quality assurance over the regulatory reporting processes.
•Participate in standardization and continuous improvement initiatives within the team as well as other business partner initiatives.
•Support compliance with Regulatory Reporting Governance policy and prepare key metrics.
•Support team in various assurance and regulatory governance activities by QA team e.g., Regulatory Reporting Error Framework, Cross Report Reconciliation Framework, Regulatory Reporting Risk Assessment Framework and Regulatory Reporting Item Log Framework.
Experience
·Experience in Quality Assurance of Reporting, U.S. Regulatory Reporting
·Data analytics, data controls and understanding of data transformation logics.
·Knowledge of financial reporting, banking products and Auditing is a plus.
Academic Background
At least 2+ years' experience in Accounting/Reporting
- PG in commerce/ MBA / Chartered Accountant a plus
- Prior experience with U.S. regulatory/SEC reporting or public accounting a plus.
Functional Skills/Capabilities
·Must have good communication and interpersonal skills and be able to interact independently with senior business partners / customers etc.
·Reporting and analysis experience will be an advantage. Familiarity with US GAAP and financial accounting experience is preferred.
·Self-driven, team player, have analytical skills and inclination for process improvement.
Tech