American Express - Manager - Model Governance

Execute audits of model risk management processes at American Express Company (AXP) and its subsidiaries. Key models within area of responsibility include: Credit Risk Management and Decisioning, Operational Risk Management, Enterprise Risk Management, Basel, CCAR. The candidate will execute multiple simultaneous audits of the model risk governance. Audits will primarily focus on the design and operating effectiveness of controls related to end to end model risk lifecycle (including model development, validation, approval performance monitoring, implementation, retirement), evaluate model use and appropriateness given process size and complexity. The candidate will be expected to:

- Quickly develop a strong understanding of AXP- S business model, its products, services, and organizational units.

- Identify and calibrate the primary sources of risk, and design effective audit tests to assess the control environment.

- As a third line of defense, effectively challenge the model developers, model committees, and model validation groups to ensure that the model risks are identified and documented correctly.

- Develops a thorough understanding of Federal Reserve SR 11-07, internal model risk management policies, and all applicable operating procedures and guidance.

- Support the effective and efficient execution of audits in conformance with professional and department standards, budgets, and timelines.

- Enable effective assessment of controls, and delivery of high-quality audit findings.

- Utilize the department's electronic work papers and other tools.

- Effectively handle larger and more challenging workloads on successive assignments.

- Assist with validation of remediation activities and projects in place to address regulatory gaps. This will involve reviewing applicable regulatory requirements, assessing/ confirming compliance gaps, and evaluating management's remediation activities to confirm that the regulatory requirements are effectively addressed.

- Maintain internal audit competency through ongoing professional development

- Act as a coach to assisting resources (co-sourced resources).

This role may be subject to additional background verification checks.

- Advanced degree in Science, Mathematics, Statistics, Financial Engineering, Economics, Business or related analytical field

- Five or more years of work experience in the financial industry, preferably in Banking Industry

- Experience in Credit Risk Models (PD, LGD, EAD, ECAP) or Operational Risk Models, and/ or Market Risk Models and/ or CCAR models and framework.

- Experience in model development and/or model validation;

- Strong knowledge of financial mathematics and applied statistics - Relevant Professional Certification (FRM/ PRM, CFA or equivalent) preferred

- Proficiency in spreadsheets, dynamic tables and designing queries for large data bases