American Express
Vice President, Financial Crimes & Consumer Product Compliance
American Express, Raleigh, North Carolina, United States
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.
U.S. Consumer Services is looking for a Vice President– Financial Crimes & Consumer Product Compliance to lead a diverse team of high-performing professionals focused on ensuring compliance risk and control mitigation is embedded in the day-to-day operations of our organization. It This first-line role will involve extensive collaboration with partners across business units, functional areas, and geographies.
The VP, will : Provide business specific compliance expertise, particularly in relation to identifying where compliance and regulatory risk is present in BU process and controls.
Lead compliance review of disclosures, marketing, digital journeys, and other customer-facing materials.
Execute impact assessments for regulatory changes impacting the BU and support the BU in implementing required changes.
Serve as a key thought partner to BU Senior Leadership and Control Management Lead, providing expertise in identifying, mitigating, and managing financial crime and product compliance risks
Work with 2LOD Compliance and 1LOD Financial Crimes CoE to implement initiatives to address evolving regulatory compliance and financial crime risks in BU, as well as mitigate existing gaps in alignment with American Express risk appetite and regulatory requirements.
Provide view of compliance and financial crimes risk across BU, ensures consistent and effective implementation of risk management practices, and challenge controls and risk mitigation strategies
Monitor trends, and regulatory changes related to compliance and financial crimes, and recommend uplift to tools, processes, and methodologies to manage risk proactively
The role will coordinate, execute and provide consultation to the business through the New Product Approval (NPA) process.
Supporting drafting NPA risk assessment and managing all related due diligence steps.
Assisting with the RCSA process inclusive of risk assessments, applicable regulation tagging, and control design activities.
Also, identification of gaps in compliance risk mitigation elements.
Support issue assessment and remediation efforts.
Required Qualifications : 10+ Years experience in risk management with deep understanding of financial crimes and compliance risk, including TISA, TILA, ECOA, EFTA, UDAAP, AML, sanctions, fraud, and anti-bribery and corruption frameworks. Understanding of critical operational risk management lifecycle activities
Experience working with enterprise-wide systems, emerging technologies, and data analytics to enhance financial crime detection and prevention capabilities
Excellent project management, communication, and interpersonal skills, with an ability to interact and obtain buy-in from senior BU / tech counterparts
Proven ability to think strategically and lead and oversee large-scale, cross functional strategic initiatives
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
Experience within financial services industry Strong analytical and problem-solving skills, with an ability to analyze data, identify trends, and evaluate risk scenarios effectively
Demonstrated history and ability to manage teams, spread over geographies and with varying backgrounds
Preferred Qualifications : Bachelor's Degree in Finance, Business, Risk Mgmt., or related field; advanced degrees (e.g., MBA, MSc) or certifications are advantageous
Experience in regulatory compliance and financial crimes at the following :
Providing identification of financial crisis risks throughout business processes and systems
Facilitating risk assessment performance in addition to further assessments and testing programs to ensure regulatory and internal standards are met
Enhancing risk assessments and associated methodologies Compiling thematic risk reporting to provide actionable insights on risk levels, emerging trends and root causes
Identifying areas of risk for intervention, including conducting independent quality assurance and process testing
Leading independent control monitoring, including identification of control improvements
Ensuring activities are in alignment with standards set by specialist risk-stripe teams
Advising on decentralized risk types into broader operational risk policies and programs
Proactive and adaptable in responding to shifting priorities and emerging risks
Compliance and Financial crimes related certifications (CAMS, CGSS, CRCM, etc.) Employment eligibility to work with American Express in the U.S is required as the company will not pursue visa sponsorship for these positions
Salary Range:
$176,750.00 to $282,000.00 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
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Here, your voice and ideas matter, your work makes an impact, and together, you will help us define the future of American Express.
U.S. Consumer Services is looking for a Vice President– Financial Crimes & Consumer Product Compliance to lead a diverse team of high-performing professionals focused on ensuring compliance risk and control mitigation is embedded in the day-to-day operations of our organization. It This first-line role will involve extensive collaboration with partners across business units, functional areas, and geographies.
The VP, will : Provide business specific compliance expertise, particularly in relation to identifying where compliance and regulatory risk is present in BU process and controls.
Lead compliance review of disclosures, marketing, digital journeys, and other customer-facing materials.
Execute impact assessments for regulatory changes impacting the BU and support the BU in implementing required changes.
Serve as a key thought partner to BU Senior Leadership and Control Management Lead, providing expertise in identifying, mitigating, and managing financial crime and product compliance risks
Work with 2LOD Compliance and 1LOD Financial Crimes CoE to implement initiatives to address evolving regulatory compliance and financial crime risks in BU, as well as mitigate existing gaps in alignment with American Express risk appetite and regulatory requirements.
Provide view of compliance and financial crimes risk across BU, ensures consistent and effective implementation of risk management practices, and challenge controls and risk mitigation strategies
Monitor trends, and regulatory changes related to compliance and financial crimes, and recommend uplift to tools, processes, and methodologies to manage risk proactively
The role will coordinate, execute and provide consultation to the business through the New Product Approval (NPA) process.
Supporting drafting NPA risk assessment and managing all related due diligence steps.
Assisting with the RCSA process inclusive of risk assessments, applicable regulation tagging, and control design activities.
Also, identification of gaps in compliance risk mitigation elements.
Support issue assessment and remediation efforts.
Required Qualifications : 10+ Years experience in risk management with deep understanding of financial crimes and compliance risk, including TISA, TILA, ECOA, EFTA, UDAAP, AML, sanctions, fraud, and anti-bribery and corruption frameworks. Understanding of critical operational risk management lifecycle activities
Experience working with enterprise-wide systems, emerging technologies, and data analytics to enhance financial crime detection and prevention capabilities
Excellent project management, communication, and interpersonal skills, with an ability to interact and obtain buy-in from senior BU / tech counterparts
Proven ability to think strategically and lead and oversee large-scale, cross functional strategic initiatives
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
Experience within financial services industry Strong analytical and problem-solving skills, with an ability to analyze data, identify trends, and evaluate risk scenarios effectively
Demonstrated history and ability to manage teams, spread over geographies and with varying backgrounds
Preferred Qualifications : Bachelor's Degree in Finance, Business, Risk Mgmt., or related field; advanced degrees (e.g., MBA, MSc) or certifications are advantageous
Experience in regulatory compliance and financial crimes at the following :
Providing identification of financial crisis risks throughout business processes and systems
Facilitating risk assessment performance in addition to further assessments and testing programs to ensure regulatory and internal standards are met
Enhancing risk assessments and associated methodologies Compiling thematic risk reporting to provide actionable insights on risk levels, emerging trends and root causes
Identifying areas of risk for intervention, including conducting independent quality assurance and process testing
Leading independent control monitoring, including identification of control improvements
Ensuring activities are in alignment with standards set by specialist risk-stripe teams
Advising on decentralized risk types into broader operational risk policies and programs
Proactive and adaptable in responding to shifting priorities and emerging risks
Compliance and Financial crimes related certifications (CAMS, CGSS, CRCM, etc.) Employment eligibility to work with American Express in the U.S is required as the company will not pursue visa sponsorship for these positions
Salary Range:
$176,750.00 to $282,000.00 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
#J-18808-Ljbffr