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.The Operational Risk Management (ORM) team facilitates and supervises the implementation of effective operational risk management programs throughout the organization, and is responsible for risk ownership throughout business units, products, and processes. The objective of the ORM Issues & Events team is to define and maintain the issues and events frameworks and programs across the enterprise.ORM is looking for a Vice President of Losses / Risk Events to lead a diverse team of high-performing professionals focused on ensuring effective operational risk 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 Vice President, Operational Risk Losses & Events will:
Be responsible for enterprise ORE governance model and framework
Oversee the ORE lifecycle including accurate classification, reporting and escalation of financial losses incurred by Amex, ensuring loss reporting aligns with regulatory standards (CCAR, Basel, etc.)
Challenge and validate the first line’s loss data including the root causes and adequacy of remediation efforts
Ensure appropriate financial impact analysis is conducted by the first line and reported to senior management and regulators
Analyze loss trends for actionable insights and develop KRIs, metrics, etc.
Perform scenario analysis, stress testing and planning
Provide SME input into the Learning, Development & Communications plans to educate stakeholders on events management
Develop and maintain a robust process for reporting to internal stakeholders, committees and regulatory bodies, as needed
Provide SME input / requirements into the capabilities and technology that supports events management
Qualifications:
Experience in operational risk management (e.g., within Risk and/or Internal Audit function) and understands critical operational risk management lifecycle activities
Experience in at least one of the following: Defining and maintaining the scope of events within an enterprise framework; leading large scale operational risk programs and understanding the internal control environment; direct experience handling operational loss events, including risk assessments, mitigation strategies and regulatory reporting (e.g., reporting under Basel standards for operational risk losses); Educating stakeholders in the business on event management and providing feedback on their reports and remediation plans
In depth knowledge of regulatory frameworks specific to systemically important banks (e.g., Basel III, stress testing and capital adequacy requirements)
Strong analytical and problem-solving skills, with an ability to analyze data, identify trends, and evaluate risk scenarios effectively
Demonstrated history and ability to lead large teams, spread over geographies and with varying backgrounds
Excellent qualitative analytical skills
Project management skills
Excellent communication and interpersonal skills, with an ability to interact and acquire buy-in from senior BU/tech counterparts
Validated expertise in process governance, with a track record of establishing and overseeing robust decision-making processes that align with policies, regulatory frameworks, and/or operational standards
Employment eligibility to work with American Express in the U.S is required as the company will not pursue visa sponsorship for these positionsQualificationsSalary Range: $185,000.00 to $260,000.00 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.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 opportunities
For 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: https://www.dol.gov/agencies/ofccp/posters to access the three posters.Job: ExecutivePrimary Location: US-New York-New YorkOther Locations: US-Arizona-Phoenix, US-Georgia-Atlanta, US-Utah-Sandy, US-Florida-SunriseSchedule Full-timeTags ORMCMReq ID: 24019119
Full-time