Director-Risk Management

New Today

At American Express, our culture is built on a 175-year history of innovation, shared and Leadership Behaviors, and an unwavering commitment to back our customers, communities, and colleagues. As part of Team Amex, you'll 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.
How will you make an impact in this role? Director- Model Risk Governance
Model Risk Management Group (MRMG) is responsible for the model risk management of all American Express models. The role ( Director, Model Risk Governance) will report to Head of Model Risk Governance and lead a team to manage enterprise-wide model risk.
The successful candidate will lead the development and execution of model risk governance, ensures regulatory compliance, manages model and tool inventories, oversees validation and reporting, and drives continuous improvement in risk management practices. This will help elevate model excellence, strengthen long term shareholder value, and adapt to the changing landscape of both model development innovation, external environment and heightened regulatory expectations. Key Responsibilities: Oversee the model risk governance framework, ensuring alignment with regulatory requirements and industry best practices.
Develop, implement, and maintain model risk management policies, procedures, and standards.
Conduct sample-based testing to ensure that the validators are in sync with the policy, standards and procedures.
Manage model/tool inventories and monitor model performance and risk metrics. Drive insights from inventory management and discuss them in various forums
Coordinate model validation, testing, and documentation of findings for both models and non-model tools.
Prepare and present comprehensive model risk reports to senior management, risk committees, and the board, highlighting key risks and compliance.
Drive issue management processes, including tracking, remediation, and closure of model risk issues.
Collaborate with business units, risk owners, and senior management to define and communicate model risk appetite and governance practices. Qualifications: Bachelor’s or master’s degree in a quantitative field (e.g., statistics, mathematics, finance, economics, engineering, computer science).
6+ years of experience in model risk management, governance, or related roles, with significant leadership exposure in financial services.
Deep understanding of regulatory requirements (e.g., SR 11-7), model risk management frameworks, and best practices.
Experience with statistical/quantitative modeling, model validation, and risk assessment.
Strong communication, stakeholder management, and presentation skills, including experience with regulatory exams and senior forums.
Proven people leadership experience with the ability to lead, motivate and mentor highly competent and multi-layered teams, dispersed geographically
Exceptional ability to build, leverage, and maintain relationships with senior leaders, business partners, and regulators
Understand the evolving compliance and regulatory requirements with key focus on gaps to stabilize and eliminate vulnerabilities in MRM
Salary Range: $130,000.00 to $205,000.00 annually + bonus + equity (if applicable) + benefits
The 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 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
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
Apply
Location:
New York

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