NYC Staffing
Manager, Small Business Compliance Lending and Pricing
NYC Staffing, New York, New York, United States, 10001
Compliance Role
At American Express, our culture is built on a 175-year history of innovation, shared values 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? This position will be a key member of the American Express Global Commercial Services (GCS) Line of Business Compliance Team (LOBCO), primarily responsible for oversight of U.S. Small Business Proprietary Lending Card products, & small business pricing initiatives and capabilities. The successful candidate will be responsible for providing independent compliance oversight and second-line challenge to ensure the business is building, enhancing, and maintaining an effective framework for compliance aligned with applicable laws and regulations for commercial products, features, and processes. In addition to core Compliance Management System related responsibilities, the compliance focus for this position will include evaluating compliance risk associated with new product development, marketing claims and disclosures, pricing initiatives, rewards and benefits, and customer communications. Responsibilities: Provide compliance oversight, challenge, and guidance to the business on applicable policy and regulatory requirements as related to small business proprietary lending products and pricing initiatives, in the areas of UDAP, Fair Lending and Regulation Z, general credit card practices, general banking, and other relevant federal, state and local regulations. Review marketing claims and required disclosures for adherence with applicable laws and regulations. Analyze new and/or enhanced products and services as part of the New Product Development process to assess compliance risks and ensure adherence with regulatory requirements. Effectively manage the Compliance Issue Management process and ensure appropriate decisioning of Compliance Issues, timely closure of gaps and customer remediation where required. Participate in the Compliance Risk Assessment process to ensure that all applicable laws and regulations are mapped to the applicable business processes and assess the strength of the control environment. Assist ongoing activities related to compliance risk management in GCS, including the Third-Party Life Cycle Management. Support regulatory examinations, internal audit reviews, Compliance monitoring and testing, and related efforts. Support team in providing regular status reporting for sharing with compliance leadership and stakeholders on a regular basis. Additional responsibilities based on team needs. Minimum Qualifications: Bachelor's Degree or equivalent work experience Minimum 5- 7 years' experience in Compliance or related activities, within the financial services industry. Strong knowledge of applicable laws and regulations pertaining to financial services lending and banking products, including consumer protection, banking, privacy, and general credit card practices (e.g. Reg B, FCRA, Reg Z, UDAP, Reg O, BSA). In-depth knowledge and understanding of compliance risk management practices and methodologies, including risk and control assessments. Understanding of regulatory expectations and experience preparing for regulator meetings and examinations. Proven ability to build rapport, garner respect and appropriately exercise authority in a collaborative environment. Professional maturity and confidence in expressing a point of view with management. Ability to identify and understand key risks, issues, and trends and to develop meaningful information to be shared with leadership. The ability to handle multiple tasks and prioritize work in a highly deadline-intensive environment is required. Preferred Qualifications: Advanced Degree preferred. Salary Range: $90,000.00 to $165,000.00 annually bonus benefits 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. American Express will consider for employment all qualified applicants, including those with arrest or conviction records, in accordance with the requirements of applicable state and local laws. US Job Seekers - Click to view the "Know Your Rights" poster. Employment eligibility to work with American Express in the U.S. is required as the company will not pursue visa sponsorship for these positions.
At American Express, our culture is built on a 175-year history of innovation, shared values 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? This position will be a key member of the American Express Global Commercial Services (GCS) Line of Business Compliance Team (LOBCO), primarily responsible for oversight of U.S. Small Business Proprietary Lending Card products, & small business pricing initiatives and capabilities. The successful candidate will be responsible for providing independent compliance oversight and second-line challenge to ensure the business is building, enhancing, and maintaining an effective framework for compliance aligned with applicable laws and regulations for commercial products, features, and processes. In addition to core Compliance Management System related responsibilities, the compliance focus for this position will include evaluating compliance risk associated with new product development, marketing claims and disclosures, pricing initiatives, rewards and benefits, and customer communications. Responsibilities: Provide compliance oversight, challenge, and guidance to the business on applicable policy and regulatory requirements as related to small business proprietary lending products and pricing initiatives, in the areas of UDAP, Fair Lending and Regulation Z, general credit card practices, general banking, and other relevant federal, state and local regulations. Review marketing claims and required disclosures for adherence with applicable laws and regulations. Analyze new and/or enhanced products and services as part of the New Product Development process to assess compliance risks and ensure adherence with regulatory requirements. Effectively manage the Compliance Issue Management process and ensure appropriate decisioning of Compliance Issues, timely closure of gaps and customer remediation where required. Participate in the Compliance Risk Assessment process to ensure that all applicable laws and regulations are mapped to the applicable business processes and assess the strength of the control environment. Assist ongoing activities related to compliance risk management in GCS, including the Third-Party Life Cycle Management. Support regulatory examinations, internal audit reviews, Compliance monitoring and testing, and related efforts. Support team in providing regular status reporting for sharing with compliance leadership and stakeholders on a regular basis. Additional responsibilities based on team needs. Minimum Qualifications: Bachelor's Degree or equivalent work experience Minimum 5- 7 years' experience in Compliance or related activities, within the financial services industry. Strong knowledge of applicable laws and regulations pertaining to financial services lending and banking products, including consumer protection, banking, privacy, and general credit card practices (e.g. Reg B, FCRA, Reg Z, UDAP, Reg O, BSA). In-depth knowledge and understanding of compliance risk management practices and methodologies, including risk and control assessments. Understanding of regulatory expectations and experience preparing for regulator meetings and examinations. Proven ability to build rapport, garner respect and appropriately exercise authority in a collaborative environment. Professional maturity and confidence in expressing a point of view with management. Ability to identify and understand key risks, issues, and trends and to develop meaningful information to be shared with leadership. The ability to handle multiple tasks and prioritize work in a highly deadline-intensive environment is required. Preferred Qualifications: Advanced Degree preferred. Salary Range: $90,000.00 to $165,000.00 annually bonus benefits 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. American Express will consider for employment all qualified applicants, including those with arrest or conviction records, in accordance with the requirements of applicable state and local laws. US Job Seekers - Click to view the "Know Your Rights" poster. Employment eligibility to work with American Express in the U.S. is required as the company will not pursue visa sponsorship for these positions.